Dividend payment
This query is : Resolved
ifla almaas
(Querist)
07 September 2012
If a shareholder directs a company to credit his dividend to XYZ Bank,and company credits the amount within 30 days.. my query is, should the company send an intimation letter to the shareholder.. is it mandatory?
Ajay Mishra
(Expert)
07 September 2012
Hi
If the shareholder request to company to credit the dividend in such account then you should credit the same. After credit no need to intimate the same to the shareholder.
If the shareholder request to company to credit the dividend in such account then you should credit the same. After credit no need to intimate the same to the shareholder.
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Durgesh Joglekar
(Expert)
07 September 2012
Agree with Expert..
But mostly Companies send email regarding such credit of dividend .
But mostly Companies send email regarding such credit of dividend .
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CA Ayush Agarwal
(Expert)
07 September 2012
No Intimation Required.
Only a Dividend Warrent & Advice Sent by Companies to ShareHolder Address.
Only a Dividend Warrent & Advice Sent by Companies to ShareHolder Address.
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ifla almaas
(Querist)
07 September 2012
Respected experts, Thank you for your guidance.
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