15 July 2010
Book closure means a period in which no trnasfers are recorded. The begining and closing dates are difference dates
The record date is a specific date considered for deciding entitlement of shareholders as on that date. There is no book closure in case of record date.
15 July 2010
Book Closure means the date from which the transactions for the transfer in the share of the company will not be considered in the register of members of the company. It means the transfer of shares between the Book Closure period will be recorded only after the end of the closure period. It consist of a period like 15-05-10 to 25-05-10. It means any tranfer between the period from 15-05-10 to 25-05-10 will be given effect after 25-05-10.
Record date is the date which is used for distribution of dividends to the shareholders of the co. The shareholders registered on the Record date are eligible to get the dividends declared by the co. It represents a particular date for eg. 20-05-10. Generally it falls during the Book Closure Period.
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