Baku, Azerbaijan, Aug. 16
By Fikret Dolukhanov – Trend:
The procedure for payment of dividends to the shareholders of companies, has been optimized in Kazakhstan, the National Bank of the Republic of Kazakhstan said in a statement.
The report did not reveal the names of the companies.
The law of the Republic of Kazakhstan "On changes and amendments to some legislative acts of the Republic of Kazakhstan on insurance and insurance activities, securities market" was passed on July 2, 2018.
In accordance with the document, beginning from July 1, 2019, the procedure for payment of dividends on the company's shares by the joint-stock company has been optimized. This procedure stipulates that information on the details contained in the system of registers of security holders and available to the issuer itself may be used to pay dividends on the company's shares.
In the absence of information about the current details of the shareholder, the dividends are transferred to a shareholder's special account for the record of unclaimed money opened in the accounting system of "Central Securities Depository" JSC.
This measure will solve the problem of accrual and payment of dividends on the company's shares to the shareholders, the current information about which is not available. Currently, the amount of accrued dividends for such shareholders is listed as the accounts payable of a joint-stock company.
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