Dividend Voucher

krish007 · Post by **krish007** » Sun Aug 04, 2013 12:22 pm

Hello All,

I will be applying for my Tier 1 General in 3 weeks times, i am an IT contractor.. i have my own limited company.. i pay myself a salary and Dividends.

So my doubt is about the Dividend Voucher.. As i am the sole owner of the company.. can i give myself dividends voucher (like To and From).. or do i need a Secretary to sign for my voucher ?

If any one could share a template for the Dividend Voucher that will be of great help...

Thanks
Krish

Post by **John** » Sun Aug 04, 2013 12:51 pm

So if your company pays you dividends, is it doing it properly? A board resolution?

I suggest you do a Google search for ... dividend voucher template ... lots of useful hits there, which will answer all your queries.

krish007 · Post by **krish007** » Sun Aug 04, 2013 5:13 pm

Hello John,
Thanks for the reply.

is it doing it properly? A board resolution? .. What do u mean Properly ..?

Thanks
Krish

Post by **John** » Sun Aug 04, 2013 9:02 pm

Well yes, you should not just take the money from the company. The Board of Directors needs to pass a resolution.

krish007 · Post by **krish007** » Sun Aug 04, 2013 10:06 pm

I am the only director (100%) of the Company !!!!

Post by **John** » Sun Aug 04, 2013 10:47 pm

Even so the Board of Directors needs to pass a resolution. Usually the Articles of Association of the company permit these things to be done by written resolution. which should then be added to the Minute Book.

krish007 · Post by **krish007** » Mon Aug 05, 2013 11:05 am

Yes.. John.. We will doing the same as you said..
but my question is .. can i give myself the Dividend from me TO me... or do i need a secretary to sign for me ?

Post by **John** » Mon Aug 05, 2013 12:21 pm

The company is a separate legal entity, separate from its shareholder and director.

If you are the only officer of the company, that is, if you are the only Director and there is no Company Secretary, then clearly you will need to sign the dividend voucher on behalf of the company.

krish007 · Post by **krish007** » Mon Aug 05, 2013 1:41 pm

Thanks John

krish007 · Post by **krish007** » Mon Aug 12, 2013 9:28 pm

Hi

i have just realized.. that in one month i have taken 3 dividends (3k +5k+1k
) .. will that be of any issue ?

Thanks
Krish

deep12 · Post by **deep12** » Tue Aug 13, 2013 5:06 pm

Hi Krish

I don't think that will be a issue. All you need to make sure you create the vouchers correctly on your companies letterhead.

Thanks

Immigrationboards.com: Immigration, work visa and work permit discussion board

Dividend Voucher

Dividend Voucher