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?

Answer rating: 100% (QA)

The detailed answer for the above question is provided below Section 127 of the Companies ... View the full answer