Dividend
Querist : Anonymous
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?
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”
Regards
Querist : Anonymous
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