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    Question

    The amount of the dividend, including interim dividend, shall be deposited in a scheduled bank in a separate account within____________________

    A Five days from the date of declaration of such dividend Correct Answer Incorrect Answer
    B Seven days from the date of declaration of such dividend Correct Answer Incorrect Answer
    C Fifteen days from the date of declaration of such dividend Correct Answer Incorrect Answer
    D Thirty days from the date of declaration of such dividend Correct Answer Incorrect Answer
    E Six months from the date of declaration of such dividend Correct Answer Incorrect Answer

    Solution

    Section 123: Declaration of dividend: (4) The amount of the dividend, including interim dividend, shall be deposited in a scheduled bank in a separate account within five days from the date of declaration of such dividend.

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