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Answer in one sentence.What is meant by payment of dividend electronically?

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Question

Answer in one sentence.
What is meant by payment of dividend electronically?

Short/Brief Note
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Solution

A company can use an online payment facility to make payments of dividends to their shareholders i.e. electronically through ECS, NEFT, etc. It is known as the payment of dividends electronically.

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Precautions to Be Taken by the Secretary While Corresponding with Members
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Chapter 6: Correspondence with Members - Exercises [Page 103]

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Balbharati Secretarial Practice [English] Standard 12 Maharashtra State Board
Chapter 6 Correspondence with Members
Exercises | Q 1. H) 6. | Page 103

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Select the correct answer from the options given below and rewrite the statement.

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(Germany, Bonus shares, Secondary market, Dividend, ECS)


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