235-Day Delay in Unpaid Dividend Transfer Costs Company and Its Directors: ROC:
ROC imposed a Rs 3.14 lakh penalty on the company and its directors for a 235-day delay in transferring unpaid dividends, violating Section 124 of the Companies Act, 2013.
Company and Directors Face Rs 3.14 Lakh Penalty
Saloni Kumari
Apr 5, 2026
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235-Day Delay in Unpaid Dividend Transfer Costs Company and Its Directors: ROC
ROC imposed a Rs 3.14 lakh penalty on the company and its directors for a 235-day delay in transferring unpaid dividends, violating Section 124 of the Companies Act, 2013.
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Saloni Kumari
Content Writer
Saloni is a Content Writer with 2+ years of experience at studycafe.in. She writes legal, taxation, and finance related content including GST, Income Tax etc. Skilled in translating complex judicial pronouncements and regulatory developments into clear, and reader-friendly articles. Experienced in covering judgements of ITAT, High Court, GSTAT, and news related to Income Tax, GST, and corporate law. She can be reached at [email protected].
Saloni is a Content Writer with 2+ years of experience at studycafe.in. She writes legal, taxation, and finance related content including GST, Income Tax etc. Skilled in translating complex judicial pronouncements and regulatory developments into clear, and reader-friendly articles. Experienced in covering judgements of ITAT, High Court, GSTAT, and news related to Income Tax, GST, and corporate law. She can be reached at [email protected].
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