Board resolution, declaration of dividend on preference shares
A single format from the Preference Dividend and Dividend on Convertible Instruments pack. s.123 · s.43(b) · s.55.
- 3 pages
- 29
- Word and PDF
- 12 September 2026
What it covers
- 1Board resolution, declaration of dividend on preference sharess.123 · s.43(b) · s.55
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The first part of the format, as it downloads. Blanks are highlighted.
Extract from the minutes of the meeting of the Board of Directors of [ABC Private Limited] held on [Date of the Board meeting]
DIVIDEND ON [Preference shares' dividend rate (% a year)]% [CUMULATIVE COMPULSORILY CONVERTIBLE / CUMULATIVE REDEEMABLE] PREFERENCE SHARES
The Chairman placed before the Board the terms of issue of the [Preference shares' dividend rate (% a year)]% [Series A Cumulative Compulsorily Convertible] Preference Shares of the face value of Rs [Face value of each preference share (Rs)] each allotted on [Date preference shares were allotted], under which the holders are entitled to a preferential dividend at the rate of [Preference shares' dividend rate (% a year)]% per annum on the paid-up value thereof, in priority to any dividend on the equity shares, such dividend being [cumulative / non-cumulative] and [non-participating / participating in the manner set out in Article [__]].