Declaration of dividend requires notice to entitled persons and payment only upon production of that notice. Advertisement requires publication of the declared dividend (first, second, or final), the payable period at the office of the Official Liquidator, and ... Summary
Declaration of dividend requires notice to entitled persons and payment only upon production of that notice.
Advertisement requires publication of the declared dividend (first, second, or final), the payable period at the office of the Official Liquidator, and the rate per rupee. It mandates that each entitled person will receive a notice and that payment will be made only on production of such notice, establishing an entitlement verification procedure and a limited payment window administered by the Official Liquidator.
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