Secretarial practice

Bibliographic data

Monograph

Identifikator:: 1828236004

URN:: urn:nbn:de:zbw-retromon-249926

Document type:: Monograph

Title:: Secretarial practice

Edition:: fourth edition

Place of publication:: Cambridge

Publisher:: W. Heffer & Sons Ltd

Year of publication:: 1930

Scope:: viii, 987 Seiten

Digitisation:: 2022

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Chapter XVII. Dividents

Collection:: Economics Books

192 SECRETARIAL PRACTICE the general meeting at which the dividend is formally declared. They can then be posted after the meeting. In the case of large companies the use of machines greatly facilitates the work of preparing the warrants. But if there is any likelihood of the company in general meeting declaring a dividend less in amount than that recommended by the directors, this cannot, of course, be done. The resolution of the meeting is, however, in almost all cases merely a formal sanctioning of the previous recommendation of the board. The methods of the preparation and despatch of dividend warrants and the arrangements for their payment are dealt with fully in Chapter XV. Forms of Dividend Warrant will be found in Appendix F (Forms 33 and 34), and also a form of Dividend Request by a shareholder, requiring the company to pay dividends in a particular way (Form 35). A similar form, attached to a request by the company for a specimen signature, which request is often sent out with share or stock certificates in the case of new holdings, is also given (Form 36). When forms of Dividend Request are received by the company, they must be carefully preserved. At the same time as the dividend warrants are sent out, a cheque should be sent to the com- pany’s bankers to cover the total amount to be disbursed by the bank. In the case of coupons, arrangements may be made for their presentation and payment at the company’s bank, or, if thought fit, at the registered office of the company. The articles of a company commonly provide that divie dends may be sent through the post. As regards joint holders, it is usually provided that the warrants shall, unless otherwise directed (i.e. by a Dividend Request), be sent to the registered address of the one whose name stands first on the register in respect of the joint holding, and that any one joint holder may give effectual receipts for dividends. In the event of a dividend warrant being lost or mislaid, a fresh one should not be issued without a satisfactory in- demnity. A form of Indemnity and Request for a Duplicate Dividend Warrant is given in Form 32. Except in cases where the amount of the dividend is very large, this indemnity will probably be considered sufficient, but the guarantee of a third party in addition may occasionally be required. The payment of dividends to a shareholder may be pre- vented by notice in lieu of distringas. As to dividends to infants see p. 106.

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