The periodic closure of the Register of Members and Transfer Books of the company, to take a record of the shareholders to determine their entitlement to dividends or to bonus or right shares or any other related corporate benefits.
Dates between which a company keeps its register of members closed for updating prior to payment of dividends or issue of new shares or debentures.
Dates between which a company keeps its register of members closed for updating prior to payment of corporate benefits.
Before a company declares a dividend or issues bonus or right shares, it closes its register of members for a certain period, from one week or a month, during which no transfer of shares is registered. Only the shareholders whose names are on the register after the book closure are eligible to receive dividends and bonus shares and entitlement to right shares.
A company closes its register of members for updating the records to facilitate payment of dividends or issue of rights of bonus shares. Book closure is the period during which this process is done and deliveries are not effected in the clearing house.
The closure of books of a company for specific period in a year to determine the list of registered members, who are eligible for the benefits of bonus, rights, dividend etc declared by the company.
