Regulation 12 - Payment of dividend or interest or redemption or repayment. - Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

Payment of dividend or interest or redemption or repayment 12. The listed entity shall use any of the electronic mode of payment facility approved by the Reserve Bank of India, in the manner specified in Schedule I, for the payment of the following: (a) dividends; (b) interest; (c) redemption or repayment amounts: Provided that where it is not possible to use electronic mode of payment, payable-at-par warrants or cheques may be issued: Provided further that where the amount payable as dividend exceeds one thousand and five hundred rupees, the payable-at-par warrants or cheques shall be sent by speed post.