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Transfer of Dividend to seperate bank account

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(Querist)
28 February 2009 Hello,
What is the time limit of transferring the amount of Interim Dividend to a seperate bank account, once the same is declared. What is the relevant section and rule.
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CA Nitin Wadhwani

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CA Nitin Wadhwani (Expert)
28 February 2009 The time limit is 5 Days and applicable section is Sec.205 of companies act.

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