Use of information technology in cash transaction of listed companies for payment of dividends

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..... ction 205(5)(6) of the Companies Act, 1956, a company may remit dividend in cash or by cheque or by warrant. It is, however, well- known that the amount of dividend can also be transmitted electronically to the shareholders after obtaining their consent in this regard and asking them to nominate the specific bank account number to which the dividend due to them should be remitted. 2. The share .....

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..... n to remit dividend to their designated bank accounts by means of electronic transfer as this will result in avoiding delay in remittance of dividends, etc. 5. An immediate action in this regard may please be initiated by you in the interest of investors. - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxmanagementindia - taxmanagement - taxm .....

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