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Dividend and return of allotment

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Querist : Anonymous

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Querist : Anonymous (Querist)
09 March 2012 Dear All,
Please guide me …
Our company has received application money in oct 2011..company has passed spel resolution for preferential allotment in oct 2011. Filed form 23 but has not file form 2 ..now company want to take the shield of provision that spl resoltuon shall be act within 12 months ..so is it correct to do this…there is no problem arise for dividend…if we file form 2 in current date then can we give dividend from oct to mar


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Ajay Mishra

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Ajay Mishra (Expert)
10 March 2012 Hi

In simple way, if at the time of declaration of dividend, if the name of the shareholder is registered as a member in the Register of Members of the company, then he/she will be entitled to receive dividend.

If you have allotted the shares on Board Meeting and made entry in the Register of members, but you have not filed Form-2 with ROC, in that case, he will also entitled to received dividend of the company.


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