A company may wish to return its profits in the form of dividends to its shareholders. To declare dividends, the following documents should be prepared.
- A directors’ resolution
There should be meeting minutes or a form of written declaration where the directors of the company had voted for and approved that dividends are to be paid to the shareholders. - Dividend vouchers
This is essentially a dividend receipt. It records the details of the dividend payment and the declaration by the company directors agreeing to issue the dividend.
Information that should be on the dividend voucher:
- Name of the shareholder receiving the dividend
- Address of the shareholder receiving the dividend
- Name of the company issuing the dividend
- The registered address of the company issuing the dividend
- Date of issue
- Number of shares held by the shareholder
- Payment per share
- Total dividend paid
- Signature of representative (typically the company director)
If you need assistance with matters relating to dividends, you may contact us at [email protected].
When in doubt, seek legal advice or consult an experienced ACRA Filing Agent.
Yours Sincerely,
The editorial team at Singapore Secretary Services
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