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of <h1>Directors Face Jail & Fines for Unpaid Dividends Under Companies Act Section 127; 18% Interest Imposed on Defaults.</h1> Under Section 127 of the Companies Act, 2013, if a company declares a dividend but fails to pay it or post the related warrant within thirty days, every director knowingly involved in the default faces up to two years of imprisonment and a daily fine of at least one thousand rupees. The company must also pay 18% simple interest annually for the default period. Exceptions apply if non-payment is due to legal restrictions, shareholder instructions, disputes over entitlement, lawful adjustments, or reasons beyond the company's control.
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