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SrideviSridevi asked 9 months ago

Sir,what are the penalties for non compliance u/s 123(4),that is if at all the company does not transfer the said amount to a seperate bank account within 5days from declaration of dividend?
There is nothing specified here,so do we consider the general penalty u/s 450?

1 Answers
RaviRavi Staff answered 9 months ago

Penalty under section 127 wil get applicable 

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