Title: Yalda Dividend: National Push to Ensure Timely Justice Shares Payout
Introduction
A significant administrative effort is underway to facilitate the distribution of dividend payments for Iran’s Justice Shares program. With the Yalda festival approaching, officials are emphasizing coordinated action to ensure shareholders receive their dues, addressing procedural delays to uphold the financial rights of citizens.
Official Confirms Payment Schedule
Askar Tokali, Head of the National Justice Shares Union, has confirmed that, based on a directive from the Supreme Council, the first phase of dividend distribution is targeted for the Iranian month of Azar. He acknowledged that while corporate assemblies have been held, some companies have not yet transferred the approved dividends for the current year.
Addressing Procedural Hurdles
Tokali explained that the Commercial Code allows companies an eight-month window after their general assembly to disburse dividends. Despite this provision, delays persist. He noted that serious follow-ups by the Head of the Securities and Exchange Organization and other officials are being conducted to urge these companies to comply, ensuring the schedule is met for the benefit of shareholders.
Resolving Outstanding Payments
The official also addressed dividends remaining from the previous year, stating that a portion has been paid following persistent efforts. However, payments for deceased individuals and those who have not registered bank account details remain pending and are a focus of ongoing administrative attention.
Collaborative Oversight for Accountability
Tokali highlighted the proactive role of parliamentary social and economic commissions in this period, noting their serious cooperation and follow-up to ensure timely dividend receipt. He emphasized that the right of the people is paramount and must be respected, underscoring the government’s commitment to resolving these financial matters.
Streamlining Management and Response
Discussing management structures, Tokali pointed to potential efficiency gains if provinces were to regain a greater role in the payment process. He suggested that local management, as historically practiced before 2012, could simplify accountability and public responsiveness compared to the current centralized system.
