Your SlideShare is downloading. ×
Zee Biz Apr 24, 2009 Sebi Asks Companies To Declare Dividend On Per Share Basis
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×
Saving this for later? Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime – even offline.
Text the download link to your phone
Standard text messaging rates apply

Zee Biz Apr 24, 2009 Sebi Asks Companies To Declare Dividend On Per Share Basis

108

Published on

"SEBI's initiative clears the confusion of shareholders who get confused whether the dividend is a percentage of face value or market price," Jagannadham Thunguntla, equity head of SMC Capital, said. …

"SEBI's initiative clears the confusion of shareholders who get confused whether the dividend is a percentage of face value or market price," Jagannadham Thunguntla, equity head of SMC Capital, said.
Thuguntula further said that the amendments introduced by SEBI in the Equity Listing Agreement would ensure better corporate governance and help avoid misallocation of unclaimed shares.

Published in: Economy & Finance, Business
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
108
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
0
Comments
0
Likes
0
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide

Transcript

  • 1. SEBI asks companies to declare dividend on per share basis 24 Apr 2009, 1942 hrs IST, PTI MUMBAI: Clearing shareholders' confusion over returns they get from equities, market regulator SEBI on Friday made it mandatory for companies to declare dividend on per share basis, besides prescribing a uniform procedure for dealing with unclaimed shares. quot;It has been decided to mandate that listed companies shall declare their dividend on per share basis only,quot; SEBI said while issuing an amendment to the Equity Listing Agreement. The step, the regulator said, is expected to bring uniformity in the manner of declaring dividend amongst listed companies. At present, a company can declare dividend as a percentage of face value of the share or in rupee per share, independent of the face value. quot;SEBI's initiative clears the confusion of shareholders who get confused whether the dividend is a percentage of face value or market price,quot; Jagannadham Thunguntla, equity head of SMC Capital, said. To deal with the unclaimed shares, SEBI said, all companies will have to maintain a separate suspense account for such shares and deposits, bonus shares etc into the account. These initiatives come into force with immediate effect, SEBI said. Thuguntula further said that the amendments introduced by SEBI in the Equity Listing Agreement would ensure better corporate governance and help avoid misallocation of unclaimed shares.

×