Clause 20 & 20A of the Listing Agreement for Equity Shares
Clause 20 of the Listing Agreement for Equity Shares is as under:
The company will, immediately on the date of the meeting of its Board of Directors held to consider or decide the same, intimate to the Exchange within 15 minutes of the closure of the Board Meetings by Letter/fax, (or, if the meeting be held outside the City of Mumbai, by fax/ telegram) —
a. all dividends and/or cash bonuses recommended or declared or the decision to pass any dividend or interest payment;
b. the total turnover, gross profit/loss, provision for depreciation, tax provisions and net profits for the year (with comparison with the previous year) and the amounts appropriated from reserves, capital profits, accumulated profits of past years or other special source to provide wholly or partly for the dividend, even if this calls for qualification that such information is provisional or subject to audit.
c. The decision on Buyback of Securities.
Provided that an intimation made to stock exchanges under sub-clause (a) shall also contain the date on which dividend shall be paid/dispatched.
Clause 20A of the Listing Agreement for Equity Shares is as under:
The Issuer agrees to declare and disclose the dividend on per share basis only.
Post Last Updated On: 28th August 2015
Labels: Listing Agreement for Equity