Record date
This query is : Open
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
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
09 November 2011
Amit,
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
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
23 December 2011
For How many days it is closed? AGM Date 30.09.2011
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