P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 27 May 2016
Refer following link:
/forum/waiver-of-entitlement-to-receive-dividend-359739.asp
Mandar
(Associate)
(561 Points)
Replied 30 May 2016
The Articles of Association may provide the option to waive of dividend.
SUN PHARMACEUTICAL INDUSTRIES LTD has followed the pratice of waiving of dividend in year 2012.
vijayasri
(cs Trainee)
(35 Points)
Replied 30 May 2016
Yes Sir! I read One Blog where it mentioned about Sun Pharfamaceutical done this.But what my doubt without any legislation on part of waiving how did they practice the same
Mandar
(Associate)
(561 Points)
Replied 30 May 2016
Kindly refer to Section 5(2) of Companies Act 2013 wherein the Company shall include additional matters in its articles which may be considered ncessary for its management.
vijayasri
(cs Trainee)
(35 Points)
Replied 30 May 2016
Tyhank you for your Reply sir.I have following Doubt.As per Section 20 of Companies act 2013 in regard to service of documents,the provisions says the Documents may serve through registered post or Speed post or by courier service.But one of our shareholders asks for Speed post and some of them advising to pass special resolution on part of serving documents through speed post.i dont agree with this point.can you suggest me regarding this
Mandar
(Associate)
(561 Points)
Replied 30 May 2016
If the Act has specified the modes of service of documents than the Company can follow the same,
Thus as per Section 20(2) if the member insists on delivery of document through a particular mode than he shall pay such fees as determined by the company
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