gayatri projects limited - Edelweiss

GAYATRI PROJECTS LIMITEDInterest out of capitalDividend in specieJoint holders receiptRight to dividend on transfer of shareMode of PaymentUnclaimed dividendSubject to the provisions of the Section 208 of the Act, the Company may payinterest on so much of the share capital as is for the time being paid up, for theperiod and subject to the conditions and restriction mentioned in Section 208 andcharge the sum so paid by way of interest, to capital as part of the cost ofconstruction of the work or building or the provision of the plant.No dividend shall be payable except in cash provided that nothing shall be deemedto prohibit the capitalisation of profits or reserves of the company for the purposeof issuing fully paid up bonus shares or paying up any amount for the time beingunpaid on any shares held by the members of the company.In case two or more persons are registered as the joint holders of any share, anyof such persons may give effectual receipts for all dividends and payment’s onaccount of dividends in respect of such share.Any Annual General Meeting declaring dividend, may make a call on the membersof such amount as the meeting fixes but so that the call on each member shall notexceed the dividend payable to him and so that the call be made payable at thesame time as the dividend and the dividend may, if so arranged between thecompany and the member be set off against the call. The making of call under thisArticle shall be deemed ordinary business of an ordinary meeting which declaresa dividend.A transfer of shares shall not pass the rights to any dividend declared thereofbefore the registration of the transfer.Unless otherwise directed in accordance with Section 206 of the Act, any dividend,interest or other moneys payable in cash in respect of a share may be paid byway of transfer to the bank account of the holder/joint holder or by cheque orwarrant sent through the post to the registered address of the holder or, in thecase of joint-holders, to the registered address of that one of the joint-holders whois the first named in the Register in respect of the joint holding or to such personand such address as the holder or joint-holders, as the case may be, may direct,and every cheque or warrant so sent shall be made payable to the order of theperson to whom it is sent.Where the company has declared a dividend but which has not been paid or thedividend warrant in respect thereof has not been posted within 30 days from thedate of declaration to any shareholder entitled to the payment of the dividend, thecompany shall within 7 days from the date of expiry of the said period of 30 days,open a special account in that behalf in any scheduled bank called “UnpaidDividend Account of Gayatri Projects Limited” and transfer to the said account,the total amount of dividend which remains unpaid or in relation to which nodividend warrant has been posted.Any money transferred to the unpaid dividendaccount of the Company which remains unpaid or unclaimed for a period of Sevenyears from the date of such transfer, shall be transferred by the company to theInvestor Education & Protection Fund. Claim to any money so transferred to thesaid fund be preferred the shareholders.SERVICE OF DOCUMENTS AND NOTICEHow notice and documents to beserved on membersA document may be served by the company to members either personally or bysending it by post to him to his registered address or if he has no registered addressin India to the address, if any, within India supplied by him to the company for thegiving of notices to him.222