**Non-receipt of dividend
**
I offer my professional service to receive the dividend warrant which is still pending or not received by any SHARE HOLDER.
I charged fee 15% of dividend amount or Rs.500 ( charge which ever is higher from client – per case ). Assured to get dividend at earliest if you have no spare time to chase or follow up pending dividend warrants.
In this regard I need selected information enable to forward your complain to concern authority.
What is a pending dividend warrant? Do you charge flat processing fee if you are not able to procure the pending dividend?
Thanks in advance.
I believe he is catering to Karachi Stock Exchange investors, who have held stock, and have not collected dividend from the stock for some reason. Dividend warrants (or payments) used to be sent out by companies via registered mail, in the form of a check, to the investor's registered address. In some cases, if the investor had moved, the warrant would lay unclaimed, and would expire after 6 months. However, you could go back to the company and get the warrant (check) revalidated. I guess this is what this guy is offering. Getting the check revalidated in return for a 15% fee.
But from what I understand, the CDS (central depository system) now mandates that all shares are held in a CDC account under the investor's name, which means that all dividends are electronically transferred to that account, unless the investor has specified a separate bank account. So not sure if this guy would get a huge market for his services.
I believe he is catering to Karachi Stock Exchange investors, who have held stock, and have not collected dividend from the stock for some reason. Dividend warrants (or payments) used to be sent out by companies via registered mail, in the form of a check, to the investor's registered address. In some cases, if the investor had moved, the warrant would lay unclaimed, and would expire after 6 months. However, you could go back to the company and get the warrant (check) revalidated. I guess this is what this guy is offering. Getting the check revalidated in return for a 15% fee.
But from what I understand, the CDS (central depository system) now mandates that all shares are held in a CDC account under the investor's name, which means that all dividends are electronically transferred to that account, unless the investor has specified a separate bank account. So not sure if this guy would get a huge market for his services.
replied to SOUTHIE : I assured you to get back your dividend warrant as soon as possible, if you have trust and believe give me some jobs as TEST my ability.