Question asked in interview

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27 February 2008 Hi all,

in a interview a question was asked from me that if let a public company limited declared a dividend and also approved by share holder but did not pay the same to share holder than what is the consequence

Reply

27 February 2008 div is to be paid within 30 days . if not paid consequences are given in sec 205A

28 February 2008 What are consequences can you tell me


07 March 2008 SEC.205 A CONSEQUENCES FOR NON COMPLIANCE ARE THE COMPANY AND EVERY OFFICER IS LIABLE TO PAY FINE OF UPTO RS. 5000 PER DAY OF DEFAULT.
R.V.RAO



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