Hi
A and B are joint share holders in a private Limited company. this company declared dividend on this AGM. as per rule dividend should be paid to Mr. A, as his name list first in the register.
Company received a letter from Mr. b, to pay his share of 50% dividend. can company issue 2 dividend cheques.
if yes what is the procedure
thanks
No, the company cannot do so....if a request letter signed by both the holders then divided warrant can be issued in the name of second holder but company cannot issue two dividend cheques .....
others view solicited...
CA Suraj Garg & Associates
New Delhi
CA Final
View Details
CCI
Pro
CAclubindia
