Can any one suggest me the following :-
1.what is the due date for payment of preference dividend declared by private company ? what is the rate of interest if the dividend is not paid with in the due date?
2.what is the rate of interest nominally charged if any deposit accepted from related party?
Please reply for the above with IFRS reference standards.
Respected Siva Sankar:
IFRSs Does not deal with payment of pref. dividend & related Interst.
These are treated under the corporate laws regulating the business in particular country. plz consult your country’s compay law.