https://www.taxtmi.com/acts?id=15562 Where a company declares a dividend but does not pay it or post the warrant within thirty days, directors knowingly party to the default face criminal penalties and minimum daily fines, and the company is liable to pay simple interest for the period of default. en-us Tue, 20 Dec 2011 17:41:25 +0530 Tue, 20 Dec 2011 17:41:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=15562 Where a company declares a dividend but does not pay it or post the warrant within thirty days, directors knowingly party to the default face criminal penalties and minimum daily fines, and the company is liable to pay simple interest for the period of default. Act-Rules Bills Tue, 20 Dec 2011 17:41:25 +0530 https://www.taxtmi.com/acts?id=15562