08 November 2011
Respected Sir, Is it compalsory for every Limited company to close their Register of Members and announce Record date for declaring Dividend in AGM? Even closelyheld Limited Company - (Not Listed) have to close their Register of Members? Thanking you Amit Trivedi
The section starts as " A company MAY....." which means that it is solely at the discretion of the company whether to close its Register of members or not....
But if dividend is being declared then a RECORD DATE has to be compulsorily decided as per which the company will give dividend to its shareholders.....
For this purpose fix the record date and mention the same in the NOTICE for AGM and no separate newspaper notice is not required to be given....
For more detail visit this link...https://www.caclubindia.com/forum/declaration-of-dividend-by-unlisted-public-company-93185.asp
CAclubindia
