IT is regrettable that the shareholders who have invested their savings in the shares of public limited companies are the worst sufferers.

It has been observed that after the announcement of profit at the annual general meeting of these companies, they take too long to despatch dividend warrants to shareholders.

It seems that they hold the profit amount to be used for their own purpose. The SECP should direct all public limited companies to despatch the dividend warrants within 30 days after the annual general meeting of the company.

I would request the SECP to intervene in the matter with a view to safeguarding the interest of shareholders. It should direct the companies to despatch dividend warrants to the shareholders within 30 days of the annual general meeting.

S. W. A. Maulai
Karachi

Published in Dawn, May 4th, 2015

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