RATE OF DIVIDEND

This query is : Resolved 

26 March 2009 MY COMPANY WANTS TO DELARE INTERIM DIVIDEND @ 2.5%. SHOULD IT BE PROPORTIONATE IF PERIOD OF DIVIDEND IS 9 MONTHS.

WHETHER IT IS COMPULSORY TO OPEN DIVIDEND ACCOUNT IN BANK EITHER IF COMPANY WANTS TO PAY DIVIDEND IMMEDIATELY WHEN DECLARED. PLEASE REPLY AS IT IS URGENT.

26 March 2009 It must be on proportionate basis.
Yes, it is mandatory to open a dividend account



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