Home › CA Inter › law › Declaration and Payment of Dividend › Failure to pay declared dividend within the pres…
Failure to pay declared dividend within the prescribed time can attract ___ on the company and officers in default:
Aa bonus
Bextra dividend
Ctax exemption
Dinterest and penalty
Answer & Solution
Correct answer: D. interest and penalty
Late payment of dividend attracts interest and penalty.
Related questions
Per Rule 7 of the Companies (Declaration & Payment of Dividend) Rules 2014, in the event oMembers can, at the AGM, declare a final dividend at a rate ___ that recommended by the BoDividend warrants must be posted to shareholders within thirty days of:The recommendation of the rate of final dividend is made by the:A company cannot declare dividend out of:Unclaimed shares whose dividend has not been paid for seven consecutive years are also traThe shares on which dividend is declared but the dividend remains unpaid are tracked in thInterim dividend is declared by the: