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    Question

    The penalty for non-payment of dividend within the

    prescribed period is triggered after:
    A 7 days Correct Answer Incorrect Answer
    B 15 days Correct Answer Incorrect Answer
    C 30 days Correct Answer Incorrect Answer
    D 45 days Correct Answer Incorrect Answer
    E 60 days Correct Answer Incorrect Answer

    Solution

    As per Companies Act, 2013 (Section 127): Dividend declared must be paid within 30 days. Failure attracts penalty: • Company: fine. • Officers: imprisonment up to 2 years + fine ₹1,000/day.  Exceptions: disputes, legal orders, shareholder instructions, etc.

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