The dividend shall be paid within days from the date of of dividend ........

Companies Act-Phase (I & II) Paymentofdividends

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The dividend shall be paid within _________ days from the date of _________ of dividend.

30; declaration

7; declaration

30; recommendation

7; recommendation

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Explanation:

Payment of dividend must be made within 30 days of its declaration and penalty for failure to pay dividend within prescribed time limit. Meaning of Final dividend: Dividend is said to be a final dividend if it is declared at the annual general meeting of the company.