State Act
11
Section 11. Payment of undisbursed dividend.
THE S.K.V.A. CO-OPERATIVE PHARMACY AND STORES (ACQUISITION AND TRANSFER OF UNDERTAKING) ACT, 1976
Act no. 29 of 19761976In forceKerala (State Act)
11. 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.