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Necessity to transfer dividend to separate account in pvt lt

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(Querist)
24 September 2012 Is it necessary to transfer the amount of divident declared in ace of a PRIVATE LIMITED COMPANY to a separate bank account within time

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Aalok Chhaperwal

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Aalok Chhaperwal (Expert)
24 September 2012 Yes, applicable for both private and public companies.
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Sunil

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Sunil (Querist)
24 September 2012 Is it compulsory to open a new bank account by the company for this purpose only
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Aalok Chhaperwal

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Aalok Chhaperwal (Expert)
24 September 2012 yes it is mandatory.....

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