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        Case ID :
        SEBI

        FITTC Circular No.3 dated October 15, 2001

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        Mandatory electronic dividend distribution via ECS required where available; companies must use warrants only if ECS unavailable. Companies must adopt ECS for payment of dividends and other cash benefits wherever available, with warrants to be used only when ECS is not available; depositories and stock exchanges are to instruct companies to comply with this mandatory distribution practice.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Mandatory electronic dividend distribution via ECS required where available; companies must use warrants only if ECS unavailable.

                                Companies must adopt ECS for payment of dividends and other cash benefits wherever available, with warrants to be used only when ECS is not available; depositories and stock exchanges are to instruct companies to comply with this mandatory distribution practice.


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