Question
ASR Limited declared a dividend at its Annual General Meeting held on 31-12-2020. The dividend warrant to Mr. A, a shareholder was posted on 22nd
ASR Limited declared a dividend at its Annual General Meeting held on 31-12-2020. The dividend warrant to Mr. A, a shareholder was posted on 22nd January 2021. Due to a postal delay, Mr. A received the warrant on 5th February 2021 and encased it subsequently. Can Mr. a initiate action against the company for failure to distribute the dividend within 30 days of declaration under the provisions of the Companies Act, 2013?
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Financial Accounting and Reporting
Authors: Barry Elliott, Jamie Elliott
18th edition
1292162406, 978-1292162409
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