Q.Write a letter to the member for the payment of the Interim dividend electronically.
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Start your 14-day free trial to unlock the full solution →This is a correspondence question. The answer is a specimen letter from the company secretary to a member, intimating the payment of interim dividend through electronic mode (direct bank credit), with all the usual parts of a business letter — sender, date, reference, subject, salutation, body and signature.
An interim dividend is a dividend declared by the Board of Directors between two annual general meetings, out of the current year's profits. Since companies now pay dividend electronically to the member's registered bank account, the secretary writes to the member intimating the credit.
Specimen Letter:
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