Listed Company has to follow additional guidelines on dividend matters.

Question 1

Justify the following statement.

Question 2

Notify stock exchange where company’* securities are listed at least 2 (two) days in advance of the date of the meeting of the Board at which recommendation of final dividend is to be considered.
Intimate Stock Exchange immediately about the declaration of the dividend after the Board Meeting.
Give notice of Book closure to the stock exchange at least 7(seven) working days before the closure.
Close the Register of members and the Transfer Register.
It must use an electronic mode of payment such as Electronic Clearing Services (ECS) or National Electronic Fund Transfer (NEFT); as approved by the Reserve Bank of India (RBI)
The listed company has to express the dividend on a per-share basis only.

kratos · Answer 1 · 2021-01-04T22:31:53+0000

Notify stock exchange where company’* securities are listed at least 2 (two) days in advance of the date of the meeting of the Board at which recommendation of final dividend is to be considered.
Intimate Stock Exchange immediately about the declaration of the dividend after the Board Meeting.
Give notice of Book closure to the stock exchange at least 7(seven) working days before the closure.
Close the Register of members and the Transfer Register.
It must use an electronic mode of payment such as Electronic Clearing Services (ECS) or National Electronic Fund Transfer (NEFT); as approved by the Reserve Bank of India (RBI)
The listed company has to express the dividend on a per-share basis only.

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