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Dividend (Decalration of Dividend 123 (Dividend 123(1) (Sources OF…
Dividend
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Time Limit 127
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Default
1.imprisonment --> extend 2 yrs
- Fine --> rs 1000 for every day during the default continues
3.Int --> 18% pa during the default
Following Case, not offence
1.operation of law
- Sh given direction and directions cannot be complied with & same has been communicated
- Dispute right to receive the dividend
4.lawfully adjusted against any sum due from Sh
- failure not due to any default on part of Co
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Shares in Abeyance 126
- pending to be registered
- dividend to unpaid A/c unless authorised by the registerd SH to give to transferee
- kept in abeyance rights share