Record date
This query is : Resolved
amit trivedi
(Querist)
08 November 2011
Respected Sir,
Is it compalsory for every Limited company to close their Register of Members and announce Record date
for declaring Dividend in AGM?
Even closelyheld Limited Company - (Not Listed) have to close their Register of Members?
Thanking you
Amit Trivedi
Is it compalsory for every Limited company to close their Register of Members and announce Record date
for declaring Dividend in AGM?
Even closelyheld Limited Company - (Not Listed) have to close their Register of Members?
Thanking you
Amit Trivedi
CS Priyanka Jaiswal
(Expert)
09 November 2011
Amit,
The section starts as " A company MAY....." which means that it is solely at the discretion of the company whether to close its Register of members or not....
But if dividend is being declared then a RECORD DATE has to be compulsorily decided as per which the company will give dividend to its shareholders.....
For this purpose fix the record date and mention the same in the NOTICE for AGM and no separate newspaper notice is not required to be given....
For more detail visit this link...https://www.caclubindia.com/forum/declaration-of-dividend-by-unlisted-public-company-93185.asp
The section starts as " A company MAY....." which means that it is solely at the discretion of the company whether to close its Register of members or not....
But if dividend is being declared then a RECORD DATE has to be compulsorily decided as per which the company will give dividend to its shareholders.....
For this purpose fix the record date and mention the same in the NOTICE for AGM and no separate newspaper notice is not required to be given....
For more detail visit this link...https://www.caclubindia.com/forum/declaration-of-dividend-by-unlisted-public-company-93185.asp
amit trivedi
(Querist)
23 December 2011
For How many days it is closed? AGM Date 30.09.2011
20 July 2025
How many days is the Register of Members usually closed?
When companies do close the register, it is commonly closed for 5 to 10 working days.
For your AGM date of 30.09.2011, if the company decides to close the register, it should announce the closure dates clearly in the notice.
The Record Date itself may or may not fall within the closure period, but it should be clearly fixed.
When companies do close the register, it is commonly closed for 5 to 10 working days.
For your AGM date of 30.09.2011, if the company decides to close the register, it should announce the closure dates clearly in the notice.
The Record Date itself may or may not fall within the closure period, but it should be clearly fixed.
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