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Final Dividend (S.123)

Board recommends, members approve at AGM, pay within 30 days, transfer unpaid to IEPF after 7 years

5 steps~111 days start to finish

The steps, in order

1

Board Recommends Dividend

Board recommends final dividend per share at a Board Meeting.

within 7 days · document made for you
2

Members Approve at AGM

Members approve the dividend at AGM. Cannot exceed Board recommendation.

within 30 days
3

Fix Record Date

Fix record date to determine eligible shareholders.

within 7 days
4

Pay Dividend

Pay dividend within 30 days of declaration. Deduct TDS u/s 194/194K.

within 30 days
5

Transfer Unpaid to Special Account

Transfer unpaid dividend to Unpaid Dividend Account within 7 days after the 30-day period.

within 37 days

Every guide runs like this in OnCompliance: steps in order, dates in view, paperwork made for you at each step.

Run these steps in OnCompliance →
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