RATE OF DIVIDEND
This query is : Resolved
26 March 2009
MY COMPANY WANTS TO DELARE INTERIM DIVIDEND @ 2.5%. SHOULD IT BE PROPORTIONATE IF PERIOD OF DIVIDEND IS 9 MONTHS.
WHETHER IT IS COMPULSORY TO OPEN DIVIDEND ACCOUNT IN BANK EITHER IF COMPANY WANTS TO PAY DIVIDEND IMMEDIATELY WHEN DECLARED. PLEASE REPLY AS IT IS URGENT.
WHETHER IT IS COMPULSORY TO OPEN DIVIDEND ACCOUNT IN BANK EITHER IF COMPANY WANTS TO PAY DIVIDEND IMMEDIATELY WHEN DECLARED. PLEASE REPLY AS IT IS URGENT.
CS Mukesh Arora
(Expert)
26 March 2009
It must be on proportionate basis.
Yes, it is mandatory to open a dividend account
Yes, it is mandatory to open a dividend account
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