Dividend warrant encashability at par increases accessibility for small investors and may encourage share uptake. Dividend warrants encashable only at particular banker branches have caused hardships to small and outstation investors; making dividend warrants encashable at par at all branches of the companies' bankers would reduce collection costs for small holdings, improve accessibility to dividend payments, and may encourage small investors to take up shares, a practice recommended by stock exchanges and already adopted by some companies.
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Provisions expressly mentioned in the judgment/order text.
Dividend warrant encashability at par increases accessibility for small investors and may encourage share uptake.
Dividend warrants encashable only at particular banker branches have caused hardships to small and outstation investors; making dividend warrants encashable at par at all branches of the companies' bankers would reduce collection costs for small holdings, improve accessibility to dividend payments, and may encourage small investors to take up shares, a practice recommended by stock exchanges and already adopted by some companies.
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