Necessity to transfer dividend to separate account in pvt lt

This query is : Resolved 

24 September 2012 Is it necessary to transfer the amount of divident declared in ace of a PRIVATE LIMITED COMPANY to a separate bank account within time


24 September 2012 Yes, applicable for both private and public companies.

24 September 2012 Is it compulsory to open a new bank account by the company for this purpose only

24 September 2012 yes it is mandatory.....


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