Dividend
This query is : Resolved
Querist : Anonymous
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.
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.
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