Dividend

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
29 June 2013 what is the mode of payment for dividends?is it by cash or through dividend bank account

29 June 2013 The amount of Dividend after deducting tax at source,if applicable,should be deposited with in a
separate bank account with in 5 days from the date of
of declaration of Dividend.

Dividend should be paid out of such bank account within 30 days of declaration.

Dividend payable in cash may be paid by cheque or warrant or DD or PO or many be credited to the bank account of the member in terms of a mandate given by the member.

Courtesy: SS-3 of ICSI.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Follow us


Answer Query