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Section 21: Dividend

The Rajasthan State Warehousing Corporation Rules, 1975State Rules of Rajasthan · 1999

(1)* Dividend may be declared at the discretion of the Board out of the net profits of the Corporation.

(2)* The dividends shall be payable in proportion to the amount paid up by each shareholder before the expiry of the year for which the dividend is declared :

9 * Renumbered Vide Rajasthan Gazette Notification dated 22-04-2010.

** Substituted Vide Rajasthan Gazette Notification dated 22-04-2010.

Provided that in case shares have been alloted or calls made in the course of the year for which the dividend is declared, the dividend shall be payable only in proportion to the period of the year remaining after the date of receipt of the share money.

(3)* Dividents shall not bear any interest.

* Renumbered Vide Rajasthan Gazette Notification dated 22-04-2010.

10

CHAPTER -IV MISCELLANEOUS

Where this provision sits

ActThe Rajasthan State Warehousing Corporation Rules, 1975
Section21
Marginal noteDividend
JurisdictionState of Rajasthan
StatusIn force as published by the source

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