Which of the following is correct about Interim Dividend ........

Companies Act-Phase (I & II) Paymentofdividends

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Which of the following is correct about Interim Dividend :

Declared out of the Surplus in Profit and Loss Account

Declared in between two AGM of the Company,

Declared out of Profits of Financial year in which such interim dividend is sought to be declared

Declared by the Board of Directors

All of the Above

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Explanation:

Section 123(3) of Companies Act, 2013 provides that Board of Directors of a Company may declare interim dividend during any financial year out of the Surplus in P & L Account and out of profits of the financial year in which such interim dividend is sought to be declared.