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      Question

      According to the provisions of the Companies Act 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 Thirty days from the date of declaration of such dividend Correct Answer Incorrect Answer
      D Ninety days from the date of declaration of such dividend Correct Answer Incorrect Answer
      E Such period as the Central Government may specifically provide for 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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