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CA Govind lohar (Querist)
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09 August 2011 a public company redeme preference share in year1984-85.
As on current period this redeem preference share has been unclaimed.
So, what will be treatment in books regarding unclaimed redemption of preference share.

CA Manish Agrawal

CA Manish Agrawal (Expert)
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10 August 2011 It will be taken in Current Liability as the Shareholder/Legal Heir of Those Preference Shares has a Right to Claim at any point of Time during The Year.
They will Claim as and when it will come to their Knowledge It will be a Liability for The Company in a current Nature.
Nowhere in the Companies Act 1956 written that it should be Deposited With Govt. as Old unclaimed dividend. Further it may be a matter of litigation is the Person go for Interest Claim for un-redeemed Capital Investment. However, he may not be allowed for the same, as no correspondence pertaining to said claim was made with the Company.
Manish J. Agrawal {CA SAP DISA DIRM}

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CA Govind lohar

CA Govind lohar (Querist)
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10 August 2011 Thanks sir.

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