Dividend


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Querist : Anonymous

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Querist : Anonymous (Querist)
20 February 2012 Q: transfer of unpaid dividend{ remaining unpaid since 7 years} shall be trsfd to Investor education and protection fund as per sec (205A to 205C)
in this sec 7 years will be calculated from which date?date of transfer into unpaid div account co limited or due date when dividend was due in co?

Ajay Mishra (Expert)
20 February 2012 Hi


Under section 205A, if a dividend declared by the company has not been paid or claimed within 30 days of the declaration, the same shall within 7 days thereafter (i.e. 7 days after the expiry of 30 days from the date of declaration) have to be transferred to a special account to be opened by the company in that behalf in any scheduled bank to be called Unpaid Dividend Account of……….Company Limited”


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Querist : Anonymous

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Querist : Anonymous (Querist)
21 February 2012 what about calculation of 7 years for transfer to investor protectioon fund?

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