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    skparab4u's Avatar
    skparab4u Posts: 1, Reputation: 1
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    #1

    Aug 11, 2010, 10:31 PM
    Co act 1956 dividend
    The amount of dividend has to deposit in a separate bank a/c within 5 days of agm date.Is that 5 days includes holidays and sundays
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    Aug 11, 2010, 11:24 PM

    I don't know where you're at or what your rules/laws may be on this -- but as a general rule, things related to what businesses are doing are usually meaning "business days."
    rehmanvohra's Avatar
    rehmanvohra Posts: 739, Reputation: 27
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    #3

    Aug 12, 2010, 06:07 AM

    The question relates to Indian Companies Act, 1956. I would attach the same meaning as morgaine300 with a slight change. The 5 days as stipulated are 5 business(working) days. If a holiday or Sunday falls in these 5 days they are excluded. Again, the 5 days start the day following the date of annual general meeting
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