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Final Dividend

CS Pooja (Company Secretary) (305 Points)

05 May 2011

Dear All, Please provide me Board Resolution Final Dividend for Unlisted Public Ltd Co. Regards, Pooja

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5 Replies

Priyanka (Assistant Company Secretary) (905 Points)
Replied 05 May 2011

HOPE THIS WOULD HELP!

Declaration of Dividend

The following motion was proposed by Mr ………………. and seconded by Mr……………………:

“Pursuant to the recommendation of the Board of Directors of the Company, the dividend in respect of the year ended 31st March, 2011 on equity shares of the Company at the rate of Rs. (Rupees only) per share (50%), be paid to those shareholders whose names appear on the Company’s Register of Members on……………………………… or their mandate.”

Several members welcomed the proposal and requested the Chairman to increase the Quantum of dividend at least from the next year. The Chairman put the motion to show hands and declared the same to have carried unanimously.

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RG - A Helping Hand (Company Secretary) (13867 Points)
Replied 05 May 2011

Recommendation of Final Dividend

“RESOLVED THAT the dividend for the year ended March 31, 2008 at the rate of 10% per share on the amount paid up on the equity capital of the company subject to the approval of the shareholders be and is hereby declared for payment to those whose names appeared on the Register of Members as on the date of Annual General Meeting.”

CS Shivi Reddy (COMPANY SECRETARY) (175 Points)
Replied 06 May 2011

RECOMMENDATION FOR PAYMENT OF DIVIDEND

" RESOLVED THAT the recommendation of the Board of Directors of the Company for payment of ......%dividend on the paid-up equity share capital and ....%dividend on the preference share capital of the Company be and is hereby approved and the dividend be so declared."

HOPE THIS WOULD HELP.......

CS Pooja (Company Secretary) (305 Points)
Replied 06 May 2011

Thank you all. Now please provide me Board Resolution for Account Opening for Dividend.

My company is unlisted public com. How to work out dividend warrants in this case.

Regards,

Pooja

Priyanka (Assistant Company Secretary) (905 Points)
Replied 06 May 2011

HOPE THIS WOULD ALSO WORK
The Board considered and passed the following resolution unanimously:

“RESLOVED THAT a current account of the company in the name of (Company)DIVIDEND A/C 20… be opened with ……………BANK, ……………….Branch, (Address) and that the said Bank be and is hereby authorized to honour cheques for dividend to the shareholders of the company drawn severally either by ………………….OR …………………………..AUTHORISED SIGNATORY of the company and to act on any instruction so given relating to the above account.”

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THANKS