deposit of dividend amount

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

20 November 2010 Sirs,

Can anybody tell me within how many days interim dividend amount which is declared to be deposited in the seperate bank account.I am confused whether it is within 5 working days or within 5 days to be deposited.

udit sharma

udit sharma (Expert)
Follow

20 November 2010 Hi...

As per section 205(1A)of the Companies Act, 1956 the amount of dividend declared has to be deposited within 5 days from the date of declaration in a seperate bank account.

Hope this solves your query:-)

God Bless

Udit