CDC’s eServices – introduction of eDividend facility

CDC’s eServices – introduction of eDividend facility

With the promulgation of the Companies Act 2017, it has become mandatory for all listed companies to process their dividends electronically and under SECP’s recently promulgated ‘The Companies (Distribution of Dividends) Regulations 2017’, every listed company is required to provide the details of cash dividends including calculation of dividend amount, tax and zakat deductions etc. to the Central Depository. A certificate will also be made available to the shareholders in electronic form through the Central Depository.

In this regard, the Central Depository Company of Pakistan Limited (CDC) has introduced eDividend facility through its eServices portal. Through this portal, investors can easily track their dividend entitlements from a single source. Moreover, in case the dividends have not been credited, the reason for non-disbursement of dividend will also be available through the portal.

Please find the details about the procedures for the provision of the required data to CDC in our User Manual. All the issuers/Registrars of listed companies are required to comply with these procedures.

Visit CDC’s eService portal at https://eservices.cdcaccess.com.pk. For more information call our Customer Support Services at 0800-CDCPL (23275).