Dividend payment restrictions: dividends payable only to registered shareholders, their order, or their bankers under company law. A company must not pay any dividend in respect of a share except to the registered holder, to the registered holder's order, or to the registered holder's bankers; if a share warrant has been issued, payment may be made to the bearer of the warrant or to the bearer's bankers. Bankers collecting payment for a registered shareholder need not make a separate application to the company.
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Provisions expressly mentioned in the judgment/order text.
Dividend payment restrictions: dividends payable only to registered shareholders, their order, or their bankers under company law.
A company must not pay any dividend in respect of a share except to the registered holder, to the registered holder's order, or to the registered holder's bankers; if a share warrant has been issued, payment may be made to the bearer of the warrant or to the bearer's bankers. Bankers collecting payment for a registered shareholder need not make a separate application to the company.
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