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Fraction coupon

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Querist : Anonymous

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Querist : Anonymous (Querist)
19 March 2012 can someone guide me regarding amount payable to shareholders towards Fraction Coupon for more than 7 years needs to be transferred to Investors Protection Fund A/c or company can retain the same in books....
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Rajnikant Vadigoppula

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Rajnikant Vadigoppula (Expert)
19 March 2012 No, company cannot retain the amount. it has to deposit the balance after 7 years in investor protection fund.
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Querist : Anonymous

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Querist : Anonymous (Querist)
19 March 2012 can u pls provide me with the relevant provision of the companies act,1956 or circular, if any...




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