Can the community see how company funds invested in cryptocurrency can be anything other than a d/l transaction? How could it be otherwise?
In a h/w situation who hold shares in the company if a third minority shareholder is not voted or paid a dividend then how wld I reflect this in the accounts? Do I impute a dividend even though not paid?
Can the community see anything wrong in paying dividends to a joint h/w bank account if shares are held in unequal amounts?
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Replies (3)
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If the crypto currency is in the name of the company, I am not sure why you would think it is a DL transaction.
You wouldn't record a dividend if a dividend hasn't been paid. Though this question is a tad confusing.
I see nothing wrong in paying dividends into a joint account. I would, however, ensure the payment from the company is done as two separate transactions rather than lumped together.
1. If the investment belongs to the company I think it would be otherwise. If it belongs to the directors personally it would indeed be as you say.
2. Unless the minority shareholder holds shares in a different class and the articles enable the company to vote dividends on some share classes and not others, there is an anomaly you need to speak to the clients about, and take instructions accordingly. If you find that the controlling shareholders are seeking to defraud the minority different questions obviously arise.
3. No problem at all provided both shareholders agree.
