Use of Information Technology in cash transaction of listed companies for payment of dividends.

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..... Commerce & Industry (As per standard list) Subject:- Use of Information Technology in cash transaction of listed companies for payment of dividends. ----- Sir, In continuation of this Department's General Circular No.5/99 dated 13.5.1999 on the above cited subject, I am directed to say that Reserve Bank of India has sent us the following list of Centres where Electronic Clearing Service (Cre .....

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..... where Electronic Clearing Service (Credit Clearing) is available may be brought to the notice of your constituent listed companies to encourage their shareholders to send them authorisation to remit dividend to their designated bank accounts by means of electronic transfer as this will result in avoiding delay in remittance of dividends etc. 3. An immediate action in this regard may please be ini .....

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