It is something like record date for entitlement of bonus, dividend, rights, share split etc. Holding the shares on the record date is most important for the entitlement irrespective of the years of holding.
This hairsplitting is what Industry aided by their Lawyers routinely indulge in. To me there is a simple rule: in social/welfare legislation, the legislative intent of grant of any benefit to the target group should be accepted when in doubt. In other words, the benefit of doubt should always go to the beneficiary. Thanks
It is something like record date for entitlement of bonus, dividend, rights, share split etc. Holding the shares on the record date is most important for the entitlement irrespective of the years of holding.
Thank you, Ranga.
This hairsplitting is what Industry aided by their Lawyers routinely indulge in. To me there is a simple rule: in social/welfare legislation, the legislative intent of grant of any benefit to the target group should be accepted when in doubt. In other words, the benefit of doubt should always go to the beneficiary. Thanks