https://www.taxtmi.com/caselaws?id=262705 Clause 16 of the Model Equity Listing Agreement was interpreted to mean that the 30-day interval applies between two successive book closures and record dates, not between a book closure and a single record date. On that reading, fixing the interim dividend record date shortly before payment did not create investor prejudice or practical inconsistency with dividend payment timelines. The stock exchanges were therefore directed, on a prima facie basis, to announce 25 September 2014 as the record date for interim dividend, while the regulator remained free to examine the issue on merits in appropriate proceedings. en-us Tue, 23 Sep 2014 00:00:00 +0530 Tue, 18 Aug 2015 06:49:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262705 Clause 16 of the Model Equity Listing Agreement was interpreted to mean that the 30-day interval applies between two successive book closures and record dates, not between a book closure and a single record date. On that reading, fixing the interim dividend record date shortly before payment did not create investor prejudice or practical inconsistency with dividend payment timelines. The stock exchanges were therefore directed, on a prima facie basis, to announce 25 September 2014 as the record date for interim dividend, while the regulator remained free to examine the issue on merits in appropriate proceedings. Case-Laws Companies Law Tue, 23 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262705