In a company with Share capital, Share holder get Dividend and other benefits but what the Members get, if they do not have any shares?
Somaas Kandan (CA Final) (385 Points)
09 December 2010In a company with Share capital, Share holder get Dividend and other benefits but what the Members get, if they do not have any shares?
Jayashree S Iyer
(Company Secretary)
(3224 Points)
Replied 10 December 2010
As per Section 206 dividend shall be paid to the registered shareholders.
Registered shareholder means a shareholder whose name is entered in the register of members. So the shareholders whose name appear in the register of members get the dividend.
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