Use of information technology in cash transaction of listed companies for payment of dividends

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.... dividends 1. Under section 205(5)(6) of the Companies Act, 1956, a company may remit dividend in cash or by cheque or by warrant. It is, however, well- known that the amount of dividend can also be transmitted electronically to the shareholders after obtaining their consent in this regard and asking them to nominate the specific bank account number to which the dividend due to them should be r....