Unpaid dividend claim procedures require entitlement verification and may mandate an indemnity bond before payment is ordered. Applicants must submit Form II to the Registrar of Companies, who verifies entitlement; where title is established the Registrar may require the claimant (except certain government entities) to execute an indemnity bond in Form III before payment. On receipt of a duly executed bond the Registrar issues a payment order in Part B of Form II directing the Pay and Accounts Officer to draw and send a cheque to the Registrar. For small claims the Registrar may waive the bond requirement. Claimants must supply a stamped pre-receipt and the Registrar must record payments as 'Deduct Refunds' under the unpaid dividends accounts head.
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Unpaid dividend claim procedures require entitlement verification and may mandate an indemnity bond before payment is ordered.
Applicants must submit Form II to the Registrar of Companies, who verifies entitlement; where title is established the Registrar may require the claimant (except certain government entities) to execute an indemnity bond in Form III before payment. On receipt of a duly executed bond the Registrar issues a payment order in Part B of Form II directing the Pay and Accounts Officer to draw and send a cheque to the Registrar. For small claims the Registrar may waive the bond requirement. Claimants must supply a stamped pre-receipt and the Registrar must record payments as "Deduct Refunds" under the unpaid dividends accounts head.
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