1

XP Ltd declared 12% dividend to its Equity Shareholders. However, Company missed to transfer unpaid dividend to bank account even after 40 days from declaration of Dividend. In such case how much interest will be payable?

  • A

    8% p.a.

  • B

    16% p.a.

  • C

    10% p.a.

  • D

    12% p.a.