Auditaudit Staff asked 2 years ago
1 Answers
RaviRavi Staff answered 2 years ago

If dividend is not paid within 30 days of declaration to shareholders then company will pay 18% simple interest to shareholders
If dividend is not transferred within 7 days after end of 30 days to unpaid dividend account then interest will be paid at 12% interest by company to unpaid dividend account which will be distributed proportionately to share holders

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