CAF-4 · Chapter 23 · Question 2 of 7
What is the maximum penalty for the Chief Executive Officer of a company if there is an unjustified delay in the payment of a declared dividend?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) Imprisonment for a term not exceeding two years and a fine.
Explanation
In case of a delay in the payment of a declared dividend, the Chief Executive of the company may be imprisoned for a term not exceeding two years and may also be fined.
More Distribution of profits MCQs
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