Dividend notice and payment procedure requires producing the notice and negotiable instruments; unclaimed dividends go to liquidation account. Procedure for declaring and paying a dividend in liquidation under FORM WIN 90: specify dividend type and rate, payable amount and payment dates; beneficiaries must produce the entire notice and any negotiable securities to claim payment; payment to another person requires lodging an authority (see FORM WIN 91); standard Receipt and Authority for Delivery forms govern signatures and bearer or postal cheque delivery; unclaimed dividends not claimed within six months must be paid into the Company Liquidation Dividend and Undistributed Assets Account under section 352(2) of the Companies Act, 2013.
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.
Dividend notice and payment procedure requires producing the notice and negotiable instruments; unclaimed dividends go to liquidation account.
Procedure for declaring and paying a dividend in liquidation under FORM WIN 90: specify dividend type and rate, payable amount and payment dates; beneficiaries must produce the entire notice and any negotiable securities to claim payment; payment to another person requires lodging an authority (see FORM WIN 91); standard Receipt and Authority for Delivery forms govern signatures and bearer or postal cheque delivery; unclaimed dividends not claimed within six months must be paid into the Company Liquidation Dividend and Undistributed Assets Account under section 352(2) of the Companies Act, 2013.
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