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Payment of dividend

Corporate & Other Laws

Example 10 and 11 .In both the examples name of transferree was registered before declaration of dividend. Then why in 10 th example dividend is paid to transferor is ok and why in 11 th example it is paid to transferree (Mr Raj)

Gauri Shete

CA Final

★ 4K+

15-Nov-21 14:21

222

Answers (2)

Best Answer

The shareholder whose name appears in register on record date will be entitled. So if Mohan is a registered shareholder on record date, he would be entitled.