Infringements of some listed companies on the rights of real shareholders / Depositing shareholders ‘dividends in companies’ accounts

According to the economic correspondent of Fars News Agency, every year, by holding meetings of listed companies and determining the dividends paid to shareholders, a large number of small shareholders receive their dividends. Bazmilike the. ImportantMost The reason that prevents shareholders from receiving dividends is the complex process of dividend payment by listed companies. This complex process has effectively prevented shareholders from receiving dividends. In this report, first, each of the methods of payment of dividends is described, then the current situation is examined.

Dividend payment methods

Exchange companies use the following methods to pay dividends to shareholders. In the first method, after holding the shareholders’ meeting, according to the announcement in system Kadal [1] Uploaded, a specific time period is specified for shareholders to go to the bank to receive their dividends.

If the shareholder does not have an account in the bank in question, he will be forced to open an account in the mentioned bank in order to receive profit. This process imposes cost overrunsوآمد And the account is opened to the shareholders. On the other hand, dividends paid by small shareholders, because it is a small amount, practically do not cover the mentioned expenses; As a result, many small shareholders are reluctant to receive dividends.

In the last two years, the phenomenon has also caused more real small shareholders to exceed their dividends. Other shareholders must also be in the long line of banks that are likely to get sick coronavirus Increases in these people.

In the second method of paying dividends, shareholders send their information (identity, bank information and stock code) to the dividend distribution company. Sending documents is usually by email and mail or uploading documents on the company’s website. In this way the shareholder Confirmed‌ does not receive the document from the stock exchange company, and consequently can not find out the time of deposit and whether any funds have been credited to his account. In this method of payment, the shareholder is confused and undecided, and usually a small number of people can go to the company and find out about their dividend payment.

In the third method, deposit through system سجام Takes place; In this way the central depository company through system سجام Dividends determined by the Assembly to the number شبا Registered shareholders in system سجام Deposit. Unlike previous methods, this method does not require going to a bank or anywhere else.

Current status of dividend payments to shareholders

In 1399, out of 490 listed companies that have published profit sharing announcements [2], 123 companies distribute profits through system سجام Have; This statistic [3]By 1400, the report had grown to 218 companies Found Is; But there is a long way to go, because 3 years since its inception system سجام goes on; But few companies have used this system to pay dividends. The current situation is in no way in accordance with the rules of the stock exchange organization.

Pursuant to Note 3 of Article 5 of the Disciplinary Instruction of Publishers Listed on the Tehran Stock Exchange, listed companies are required to pay dividends to shareholders through the Central Depository Company. According to the announcements of listed companies in system Kadal More than half of the listed companies have not used this system to distribute dividends.

The need for special supervision of the stock exchange organization over companies

It seems that the implementation of this law by companies will solve a large part of the problems of real and even legal shareholders and the shareholders will get their legal rights without any trouble or confusion. To achieve this goal, the need for special supervision of the stock exchange organization over listed companies is strongly felt.

To do this it is necessary to the organization of the stock exchange. Obliges listed companies to pay dividends to shareholders through system سجام N. The issue is that despite the existing legal and technical context, there is no excuse for not doing so.

According to Fars, the news agency’s audience in various subjects such as “dividends to account سجام Deposit, dividend payment through the system سجام»,« Demand for payment of arrears of dividends through shareholders سجامCompanies are required to pay dividends through سجام “, ‌” The profits of all listed companies are taken into account سجام Be deposited “and” the negligence of listed companies to the announcement Kadal And non-payment of interest by سجامThey wanted to follow up on this issue.

PS:

1-Website Kadal Where the announcements of listed companies are uploaded.

2- According to the interview conducted by Hossein Qeshmi, Director of Payments Affairs سیسم Settlements of Central Depository Company (Samat) with Fars News Agency

3. This statistic by examining the announcements listed in system Kadal Is obtained.

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