Preference Dividend and Dividend on Convertible Instruments
The cap table says CCPS and CCDs; the term sheet says 0.01% coupon or 8% cumulative; and whether the company is paying a dividend or paying interest changes who is taxed, at what rate, and whether the company gets a deduction.
- 4 pages
- 60
- Word and PDF
- 12 September 2026
The 2 formats inside
- 1Board resolution, declaration of dividend on preference sharess.123 · s.43(b) · s.55On its own₹149
- 2Statement of arrears of preference dividend, note to the financial statementss.47(2) · Schedule III disclosureOn its own₹149
Read the opening
The first part of “Board resolution, declaration of dividend on preference shares”, 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 [__]].