WebbAccording to the provisions of Companies Act – 2013, No dividend shall be payable except by way of cash, where dividend payable in cash can also be paid through cheque, warrant or in any electronic mode, to the shareholder who is entitled to the dividend. Condition: – A company who has committed any default in compliance with the WebbIt has two principles – ie (1) the dividend is to be paid out of the company’s profits; and (2) the dividend should not be paid if the payment will cause the company to be insolvent. As the directors are the ones who authorise the payment of dividends, they must be satisfied that the company will be solvent after the distribution is made.
Declaration and Payment of Dividend Under Companies Act
Webb11 apr. 2024 · The Company’s gross written premium grew by 23.3% y-o-y to N88.3 billion in FY 2024 as against N71.6 billion in 2024. Shareholders of AIICO Insurance Plc will receive a final dividend of N1.098 billion for the financial year ending December 2024, representing a total dividend of 3 kobos per share declared by the insurance firm. Webb3 aug. 2024 · The dividend declared by the company out of current or accumulated profits is charged with an additional tax rate of 15%. This tax is required to be paid within 14 days of the declaration of the dividend. Provisions related to Listed Company gazelleskin belt of gathering
AIICO Insurance to pay shareholders N1.09 billion dividends in 2024
Webb27 dec. 2024 · Stocks do not pay interest, but some do pay dividends. Dividend payments allow shareholders to benefit from earnings growth through both interim and final dividends as well as share... Webb22 maj 2024 · The company can distribute dividends for the current financial year or previous years. The dividends can be distributed to the shareholders by way of cash, … Webb30 dec. 2024 · Payment of Dividend According to the provisions of Companies Act - 2013, No dividend shall be payable except by way of cash, where dividend payable in cash can also be paid through cheque, warrant or in any electronic mode, to the shareholder who is entitled to the dividend. gazelleskin bracers of fending