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High Court Quashes Proceedings for Delay in Interim Dividend Payment u/ss 205 & 205A, Companies Act 1956.

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....Violation of the provisions of Section 205/205A of the Companies Act, 1956 - Delay in payment of interim dividend - petitioners have been able to make a strong case for quashing of proceedings due to delay in filing of complaint and on account of delay of 12 years even the charges have not been framed - HC....

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High Court Quashes Proceedings for Delay in Interim Dividend Payment u/ss 205 & 205A, Companies Act 1956.