APR Constructions Limited - Saffron Capital

the Company or be invested in such investments (other than Shares of the Company) as the Directors may from
time to time think fit.
Dividend to be paid within time required by law
The Company shall pay the dividend, or send the warrant in respect thereof to the shareholders entitled to the
payment of dividend, within such time as may be required by law from the date of the declaration unless: -
(a) where the dividend could not be paid by reason of the operation on any law; or
(b) where a shareholder has given directions regarding the payment of the dividend and those directions
cannot be complied with; or
(c) where there is dispute regarding the right to receive the dividend; or
(d) where the dividend has been lawfully adjusted by the Company against any sum due to it from
shareholder; or
(e) where for any other reason, the failure to pay the dividend or to post the warrant within the period
aforesaid was not due to any default on the part of the Company.
Dividends in cash
No dividends shall be payable except in cash, provided that nothing in this Article shall be deemed to prohibit the
capitalisation of the profits or reserves of the Company for the purpose of issuing fully paid up bonus Shares or
paying up any amount for the time being unpaid on any Shares held by Members of the Company.
126. UNCLAIMED DIVIDEND
(a) Where the company has declared a dividend but which has not been paid or the dividend warrant in respect
thereof has not been posted within 30 days from the date of declaration to any shareholder entitled to the payment
of the dividend, the company shall within 7 days from the date of expiry of the said period of 30 days, open a
special account in that behalf in any scheduled bank called“Unpaid Dividend ________(year) Account of APR
Constructions Limited” and transfer to the said account, the total amount of dividend which remains unpaid or in
relation to which no dividend warrant has been posted.
Any money transferred to the unpaid dividend account of the Company which remains unpaid or unclaimed for a
period of Seven years from the date of such transfer, shall be transferred by the company to the Investor
Education & Protection Fund. Claim to any money so transferred to the said fund be preferred the shareholders.
(b) No unclaimed or unpaid dividend shall be forfeited by the Board unless the claim thereto becomes barred by law.
127. DIVIDENDS AND CALL TOGETHER
Any General Meeting declaring a dividend may on the call on the member of such amounts the meeting fixes, but so
that the call on each member shall not exceed the dividend payable to him and so that the call be made payable at the
dividend may, if so arranged between the company and the member, be set off again the calls.
140. WINDING UP
(a) If the company shall be wound up, the liquidator may, with the sanction of Special Resolution of the company
and such other sanction as may be required by law, divide amongst the members, in specie or kind the whole or
any part of the assets of the company whether they shall consist of property of the same kind or not.
(b) For the purpose aforesaid the liquidator may set such value as he deems fair upon any property to be divided as
aforesaid and may determine how such division shall be carried out as between the members or different classes
of members.
(c) The liquidator may, with the like sanction vest the whole or any part of such assets in trustees upon such trusts
for the benefit of the contributors, as the liquidator shall think fit, but so that no member shall be compelled to
accept any share or other securities whereon there is any liability.
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