Vismay Shah asked 3 years ago
If Company has not been paid within 30 days from the date of declaration then penal provision will attract, so my question is not paid means what? transfer to schedule account or ultimately to the members?
1 Answers
Ravi Staff answered 3 years ago
Punishment is applicable if
dividend cheques / warrants are not posted within 30 days from date of declaration
further
if cheques / warrants are posted payment is not made on them for any reason (lack of funds or stop payment instructions etc) punishment will be imposed