Sebi considers allowing only electronic payment of dividend, interest ...Middle East

Business Standard - Economy

Markets regulator Sebi on Friday proposed that listed entities should make all payments, such as dividends, interests and redemptions, through electronic mode only. The proposal is aimed at streamlining payment processes and enhance security, convenience and efficiency for all investors. Current Sebi's LODR (Listing Obligations and Disclosure Requirements) rules allows electronic payments but permits cheques or warrants if electronic transfers fail, especially for amounts over Rs 1,500. Failures occur when a securityholder's bank details are incorrect or unavailable, requiring companies to send cheques. According to recent data, 1.29 per cent of electronic dividend payments fail for the top

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Last updated : 20 September 2024 clock 05:41 PM

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Sebi considers allowing only electronic payment of dividend, interest ...Middle East

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