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Question asked in interview

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(Querist)
27 February 2008 Hi all,

in a interview a question was asked from me that if let a public company limited declared a dividend and also approved by share holder but did not pay the same to share holder than what is the consequence

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Jitender

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Jitender (Expert)
27 February 2008 div is to be paid within 30 days . if not paid consequences are given in sec 205A
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CA. Kirti S. Ganatra

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CA. Kirti S. Ganatra (Querist)
28 February 2008 What are consequences can you tell me
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R.V.RAO

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R.V.RAO (Expert)
07 March 2008 SEC.205 A CONSEQUENCES FOR NON COMPLIANCE ARE THE COMPANY AND EVERY OFFICER IS LIABLE TO PAY FINE OF UPTO RS. 5000 PER DAY OF DEFAULT.
R.V.RAO
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