SEBI
Circular Date
12 MAY 2020
Regulation And Associated Filing
Requirement of dividend warrants/cheques
Regulatory Provision
Regulation 12 of the LODR prescribes issuance of payable at par warrants or cheques in case it is not possible to use electronic mode of payment. In case the amount payable exceeds 1500 it shall be sent by speed post.
Relaxation W.R.T Quarter Of Financial Year
The requirement of this regulation shall apply upon normalization of postal services. In case email id of the shareholders are available, listed entities shall obtain their bank account details and use of electronic modes of payment specified in Schedule I
