Can a shareholder order company to pay his dividend to some other person
This query is : Resolved
22 February 2025
As per law, can a shareholder order company to pay his dividend to some other person
22 February 2025
No.
22 February 2025
yes. the dividend can be paid to another person if the shareholder has given to the company a mandate in favor of that person. section 123(5) of the companies act provide for "to the order of the shareholder" as an option for payment of dividend.
you may also refer to page 21 of the ICSI Guidance note on Dividend
Dividend payment to the mandatee
If a Member has given a mandate, Dividend should be paid to the person in
whose favour the mandate has been given.
you may also refer to page 21 of the ICSI Guidance note on Dividend
Dividend payment to the mandatee
If a Member has given a mandate, Dividend should be paid to the person in
whose favour the mandate has been given.
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