Question

What must a company do with the amount of the dividend, including interim dividend, once it is declared?

Q: Answer-What must a company do with the amount of the dividend, including interim dividend, once it is decla...

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.

A Deposit the amount of the dividend in the company's general account within five days from the date of declaration

B Transfer the dividend amount to the shareholders' accounts within five days from the date of declaration

C Deposit the amount of the dividend in a scheduled bank in a separate account within five days from the date of declaration

D Allocate the dividend amount for future investments within five days from the date of declaration

E Distribute the dividend amount to all eligible shareholders within five days from the date of declaration

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What must a company do with the amount of the dividend, including interim dividend, once it is declared?

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