Attempt the following.
1. Write a letter to the shareholder regarding issue of Bonus Shares.
Ans:
YASH INDUSTRIES LIMITED
Registered office: 102, New MIDC, Usha Tower, Shahu Chowk
Mumbai – 400 031,
CIN: L40407 MH 20050PLC710007
Phone: 022-23252323 Website : www.yashindustrieslimited.com
Fax : 022-23600445 E-mail : yash30@gmail.com
Ref. No. Y/MR-B/5/19-20 Date: 16th October, 2019
Ms. Yukta Shroff
715, Narayan Peth, Laxmi Road,
Pune – 411 038.
Sub . : Issue of Share Certificate
Dear Madam,
I am directed by
the Board of Directors to inform you that in accordance with the resolution passed in the Extra-ordinary General Meeting of the company held on 14th October, 2019 Shareholders have unanimously approved the recommendation of Board of Directors to issue Bonus Shares. Bonus Shares are issued in the ratio of 1:1, i.e. one additional equity share for every equity share held as on record date 13th October,
2019.
The Details of issue of Bonus Shares are as follows :
1 | 2 | 3 | 4 | 5 |
No. of Shares held on record date | No. of Bonus Shares Issued / Allotted | D.P. ID No. | Client ID No. | Date of Credit to Demat A/c |
Credited to Demat Account No. | ||||
25 | 25 | IN 300100 | 10116061 | 31-10-2019 |
The Company has complied with the provisions for the i ssue of Bonus Shares. The Bonus Shares issued will rank pari passu with the existing equity shares. Thanking you,
Yours faithfully,
For Yash Industries Limited
Sign
(Mr. S. R. Naik)
Company Secretary
2. Write a letter to the member for the issue of Share Certificate.
Ans:
YASH INDUSTRIES LIMITED
Registered office: 102, New MIDC, Usha Tower, Shahu Chowk
Mumbai – 400 031,
CIN: L40407 MH 20050PLC710007
Phone: 022-23252323 Website: www.yashindustrieslimited.com
Fax : 022-23600445 E-mail : yash30@gmail.com
Ref. No. Y/MR-B/5/19-20 Date: 16th October, 2019
Ms. Yukta Shroff
715, Narayan Peth, Laxmi Road,
Pune – 411 038.
Sub . : Issue of Share Certificate
Dear Sir,
This is to inform you that as per your Request Application No. 50, I am hereby authorised to issue you a Share Certificate. The said Share Certificate will be delivered to you within 15 days from the date of this letter by registered post to your registered address as mentioned in the Register of Members.
Details of issue of Share Certificate are as follows :
1 | 2 | 3 | 4 | |
Folio No. | Share Certificate Numbers | Distinctive Numbers | Total Number of Shares | |
From | To | |||
1006 | 9630 | 301 | 400 | 100 |
It shall always be our endeavour to provide best of our services to you at all time.
Thanking you,
Yours faithfully,
For Yash Industries Limited
Sign
(Mr. S. R. Naik)
Company Secretary
3. Write a letter to the member for the payment of dividend through Dividend Warrant.
Ans:
YASH INDUSTRIES LIMITED
Registered office: 102, New MIDC, Usha Tower, Shahu Chowk
Mumbai – 400 031,
CIN: L40407 MH 20050PLC710007
Phone: 022-23252323 Website: www.yashindustrieslimited.com
Fax : 022-23600445 E-mail : yash30@gmail.com
Ref. No. Y/MR-B/5/19-20 Date: 16th October, 2019
Ms. Yukta Shroff
715, Narayan Peth, Laxmi Road,
Pune – 411 038.
Sub . :Payment of Dividend on Equity Shares
(Equity Shares of Rs 10 each at par)
Dear Madam,
I am instructed by the Board of Directors to convey to you that in the 31st Annual General Meeting held on 20th April, 2019, Final Dividend @ ` 2.5 per equity share of Rs 10/- each has been approved by the members for the year ending 31st March, 2019.
Your company has complied with all the statutory provisions (Sec. 123 of the Companies Act. 2013) relating to declaration of dividend.
Details of dividend payable to you are as follows :
1 | 2 | 3 | 4 | 5 | 6 | 7 | |
Register Folio No. | No. of Shares held | Distinctive Nos. | Dividend Warrant No. | Gross Dividend | Income Tax Deducted (TDS) | Net Dividend | |
From | To | ||||||
A-30 | 100 | 301 | 400 | B-9931 | ` 250/- | NIL | ` 250/- |
The ‘Dividend Warrant’ is attached herewith. Please detach the ‘Dividend Warrant’ along the perforated line.
Thanking you,
Yours faithfully,
For Yash Industries Limited
Sign
(Mr. S. R. Naik)
Company Secretary
4. Write a letter to the member for the payment of Interim dividend electronically.
Ans:
YASH INDUSTRIES LIMITED
Registered office: 102, New MIDC, Usha Tower, Shahu Chowk
Mumbai – 400 031,
CIN: L40407 MH 20050PLC710007
Phone: 022-23252323 Website: www.yashindustrieslimited.com
Fax : 022-23600445 E-mail : yash30@gmail.com
Ref. No. Y/MR-B/5/19-20 Date: 16th October, 2019
Ms. Yukta Shroff
715, Narayan Peth, Laxmi Road,
Pune – 411 038.
Sub . :Payment of Interim Dividend through Electronic Clearing Service (ECS), Direct Credit / NEFT
Dear Sir,
We are pleased to inform you that the Board of Directors of Gurusai Auto Limited in its meeting held on Thursday, 28th May 2019 has declared Interim Dividend @ Re. 1/- (i.e. 10%) per equity share of face value of Rs. 10/- each.
As per the instructions given by you (either in person or through Depository Participant), we have remitted the amount of aforesaid Interim Dividend to your Banker for crediting your Bank Account, i.e. Dividend will be payable by electronic transfer. Your company has complied with all the provisions relating to declaration and payment of dividend.
Details of Dividend payable to you are given below
1 | 2 | 3 | 4 | 5 | 6 |
No. of Equity Shares held on Record Date (May 31st, 2019) | Dividend Per Share Rs | Dividend Amount (Rs) | DPID and Client ID No. | Date of Remittance | Bank A/c. (BOB) |
500 | 1 | 500 | 12033 200074 79005 | 6th June, 2019 | 5656000 22105 Bank of Baroda |
Please verify the credit of amount in your Pass Book / Statement of accounts.
As per the provisions of the Income Tax Act, 1961 no tax is required to be deducted at source in respect of Dividend payment, but dividend Distribution Tax has been paid by the Company.
Yours faithfully,
For Yash Industries Limited
Sign
(Mr. S. R. Naik)
Company Secretary
5. Draft a reply letter resolving the query of the member on low rate of dividend.
Ans:
YASH INDUSTRIES LIMITED
Registered office: 102, New MIDC, Usha Tower, Shahu Chowk
Mumbai – 400 031,
CIN: L40407 MH 20050PLC710007
Phone: 022-23252323 Website: www.yashindustrieslimited.com
Fax : 022-23600445 E-mail : yash30@gmail.com
Ref. No. Y/MR-B/5/19-20 Date: 16th October, 2019
Ms. Yukta Shroff
715, Narayan Peth, Laxmi Road,
Pune – 411 038.
Sub . :Resolving Query on Low Rate of Dividend made by the Company
Dear Sir,
This is to inform you that as per your letter dated 15th April, 2019 I am hereby authorised to resolve your query regarding the low rate of dividend paid by the company to their faithful members. The reasons for low rate of dividend are mentioned below :
- That during the last year, due to the floods, company’s factory situated at Mahim (E) was not in a condition to operate in a full fledge
- That due to such unavoidable circumstances of natural disaster company faced huge financial
- That due to such circumstances Board of Directors has decided to transfer Rupees 12.5 crores to General Reserves which is 50% more than the amount transferred to Reserves last year.
Hope you will be satisfied by the above information as provided by the company. We assure you that company will easily come over from such unavoidable circumstances and will deliver much better dividend in the coming years.
Thanking you,
For Yash Industries Limited
Sign
(Mr. S. R. Naik)
Company Secretary