In case of joint holders of shares the dividend shall be paid to ........

Companies Act-Phase (I & II) Paymentofdividends

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In case of joint holders of shares, the dividend shall be paid to:

The joint holder, who is authorized by the joint holders in this regard

All the joint holders, equally

The joint holders who is first named in the register

All the joint holder in proportion of money invested by them.

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Explanation:

As per Companies Act, 2013, All the dividend, interest or other payments payable in cash may be paid by cheque or warrant sent through the post directed to the registered address of the one of the joint holders who is first named in the register of members.