Registrars to return all Unclaimed Dividends of 15mths and Above to the Paying firms

Proshare

 

Tuesday, June 02, 2015 5.36 AM / SEC

 

The Securities and Exchange Commission (SEC) yesterday directed all Registrars of Public Companies to return all unclaimed dividends, which have been in their custody for fifteen (15) months and above, to the paying companies.

 

Registrars are required to file evidence of remittance with the Commission not later than June 30, 2015.

 

The SEC also hinted that ‘failure to comply’ with this directive shall attract appropriate sanctions without further recourse.
 

 

Related News

1.    Shareholders want plow back of unclaimed dividends ...

2.    How to halt unclaimed dividend saga, by s/holders - Proshare

3.    Strategy against unclaimed dividend proposed - Proshare

4.    The Capital Market and the Issue of Unclaimed Dividends ...

5.    Capital market investors vow to stop Bill on unclaimed ...

6.    SEC Proposes New Rules; Plans Return of Unclaimed Dividend – Jan 29, 2015

READ MORE:
Related News
SCROLL TO TOP