Bare ActsThe S.K.V.A. CO-OPERATIVE PHARMACY AND STORES (ACQUISITION AND TRANSFER OF UNDERTAKING) ACT, 1976

Section 11

Payment of undisbursed dividend

Amendment status not verified — confirm the current text below against the official source.

Payment of undisbursed dividend.—The District Collector, Trichur, shall pay to every shareholder of the Society any amount due to him as dividend immediately before the appointed day, within a period of three months from that day: Provided that if such amount is not paid within the period aforesaid, the District Collector shall pay interest on the amount at the rate of four per cent per annum from the date of expiry of the said period.

Section 11 – The S.K.V.A. CO-OPERATIVE PHARMACY AND STORES (ACQUISITION AND TRANSFER OF UNDERTAKING) ACT, 1976 | DailyLaw.ai