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Pankaj Malhotra

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Declaration and Payment of Dividend

June 4, 2020 32748 Views 2 comments Print

A company which fails to comply with the provisions of Section 73 ( Prohibition on acceptance of deposits from Public) and 74 (Repayment of Deposits, etc. accepted before commencement of this Act) shall not, so long as such failure continues, declare any dividend on its equity shares.

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