Question asked in interview

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CA. Kirti S. Ganatra (Querist)
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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

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

CA. Kirti S. Ganatra

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

R.V.RAO

R.V.RAO (Expert)
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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