Dividend warrants encashable at par at all branches of companies’ bankers Desirability of.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....epresentations have been received by the Company Law Board that the present practice adopted by some companies of issuing dividend warrants encashable only at particular branches of the bankers of the companies has caused some hardships to small investors, who, normally reside outside the registered offices of the companies concerned, in obtaining payment. it has also been represented to the Compa....