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2015 (8) TMI 622 - SECURITIES APPELLATE TRIBUNAL MUMBAIDeclaration of interim dividends – Violation of time gap to be maintained in between closure of books and record date – Held that:- Fact that as per clause 16 of listing agreement word ‘and’ used between words ‘two book closures’ and ‘record dates’, cannot be inferred as gap between book closure and record date – In fact time gap was intended between two book closures and two record dates – BSE & NSE directed to announce record date for interim dividend declared by appellant enabling him to make payment to investors –Appeal disposed of – Decided in favour of Appellant.
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