Dividend exceeding rs 1500 has to be paid by registered post. Where is this requirement given??
Ankur Garg
(Company Secretary and Compliance Officer)
(114773 Points)
Replied 16 September 2009
Hi Rajiv,
You are under wrong impression. There is no need to use regd. post for div exceeding Rs. 1500.
However any director or mgt. person may ask to send div. warrant by regd. post to his address. But law doesn't require the same.
Regards
Ajay Mishra
(Company Secretary)
(74337 Points)
Replied 17 September 2009
Dear Mr. Rajiv
As per Article 91 of Schedule I of Table A of the Companies Act, 1956, it says that any dividend, interest or other moneys payable in cash in respect of shares may be paid by cheque or warrant sent through the post directed to the registered address of the shareholder or to such person and to such address as the holder may in writing direct.
There is no such provisions regarding dividend exceeding Rs. 1500 is required to paid by registered post.
Regards
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
CAclubindia
