For a public company, the rules are much stricter. Interim accounts must be properly prepared under the Companies Act 2006 (save for areas not material to the proposed distribution) and filed at Companies House prior to making the distribution. However, these interim accounts need not be audited. By contrast, if a public company needs initial accounts to justify a dividend, those accounts do need to be audited.
Posted on: Tue, 02 Jul 2013 09:22:53 +0000
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