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of <h1>Dividend Notice Issued: Collect in Paise Per Rupee; Use Form 139 for Authorized Collection. Section 555(1) Applies.</h1> Notice of dividend under the Companies Law and Company Court Rules, 1959, informs recipients of a declared dividend payable in paise per rupee. The notice specifies the amount due, payment location, and time frame. Recipients must present the notice with any negotiable securities for payment. To authorize another person to collect the dividend, a prescribed form (Form No. 139) must be lodged with the Official Liquidator. Unclaimed dividends after six months are transferred to the Companies Liquidation Account at the Reserve Bank of India, per section 555(1) of the Companies Act, 1956. Enclosures include a receipt and authority for delivery.
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