Transfer of dividend to unpaid dividend account
Querist : Anonymous
now, if a shareholder receives a cheque but submits in bank for clearing on 40th day of receiving it will face bouncing due to change in account?
how to deal
You send bounce check with company and request for re issue of DD in lieu of such cheque.
Querist : Anonymous
will bouncing of cheques and reissue will not increase the work of the company and the shareholders?
After 30 days of declaration of the Dividend the nomenclature of the dividend account is being changed to Unpaid Dividend account. So the warrants / cheques presented to the bank beaing the account number will get passed and the shareholder get his dividend.
Because only the name of the account will change and not the account number.
Querist : Anonymous
sir, is it a practice in listed companies also of changing the nomenclature?
because my company has declared for the first time and act says 'company has to transfer to a special account opened by the company'
pls guide
Querist : Anonymous
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