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Despatch of dividend warrant..

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 asked

Dispatch of dividend warrant for amount exceeding 1500/-should be sent by registered post and below that amount must be dispatched under certificate of posting. whers it is wriiten

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

Certificate of posting was a proof of having sent a cover/letter through that particular post office. Postal stamp was to be affixed on a separate paper duly written the from and to address of the letter. The postal authorities use to put their seal on the paper and give us as a certificate for having posted the cover or letter submitted to them.

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Open uri20170510 32134 1ue0f38?1494421710 answered

Hi, As far as your question is concerned that Dispatch of dividend warrant for amount exceeding 1500/-should be sent by registered post and below that amount must be dispatched under certificate of posting - where it is wriiten? Before answering your question let us understand that what is certificate of posting ? Certificate of posting was a proof of having sent a cover/letter through that particular post office. Postal stamp was to be affixed on a separate paper duly written the from and to address of the letter. The postal authorities use to put their seal on the paper and give us as a certificate for having posted the cover or letter submitted to them. It was useful to trace the letter/cover in case of missing. However, vide letter number 2-4/2008-PO dated 23.02.2011 - postal department has discontinued the Certificate of Posting service. Now, as far as your question is concerned I have gone through Companies Act 2013 and 1956 and rules thereon and no where I have found such written. Regards

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