Transfer of unpaid dividend
This query is : Resolved
26 February 2010
If a final dividend is declared at 22.08.2003 (AGM),
1) What is the date of transfering to Unpaid Dividend Account
2) When should the Company sen the notice to shareholders.
3) What is the last date of transferring amount to IEPF.
Its urgent, please
1) What is the date of transfering to Unpaid Dividend Account
2) When should the Company sen the notice to shareholders.
3) What is the last date of transferring amount to IEPF.
Its urgent, please
26 February 2010
Date of Transferring to Unpaid Dividend Account: 30 days from the date of payment of dividend which would be 15 days from the date of declaration. approx 7.10.2003
When Should company send notice to shareholders: I am not able to understand this query.
Last date of transferring amount to IEPF: 7.10.2010
When Should company send notice to shareholders: I am not able to understand this query.
Last date of transferring amount to IEPF: 7.10.2010
26 February 2010
It is required to send notice to the shareholders, who have not claimed their dividends, for claiming the same before transferring the amount to IEPF.
When should the company send such notice.
When should the company send such notice.
26 February 2010
It is not mandatory under law to send notice to shareholders who have not claimed their dividend. However, as a matter of good corporate practice, companies send such notices voluntarily about three months in advance to such shareholders.
However, I reiterate, it is not mandatory.
However, I reiterate, it is not mandatory.
26 February 2010
As per Section 205A,
1) Dividend which remains unpaid after the expiry of 30 days from the date of declaration should be transferred to “Unpaid Dividend Account” within seven days from the date of expiry of 30 days from the date of declaration.
And as per Section 205A(5)
2)Amount lying in unpaid dividend account which remains unpaid for a period of 7 years from the date of transfer of amount to Unpaid Dividend Account should be transferred to IEPF within 30 days of the expiry of 7 years.
Thefefore, as per my views:
1) Date of transfer to Unpaid dividend account : 28.09.2003
2) Date of transfer to Investor Education Protection Fund: 27th October, 2010.
Please inform me that the above date is correct.
1) Dividend which remains unpaid after the expiry of 30 days from the date of declaration should be transferred to “Unpaid Dividend Account” within seven days from the date of expiry of 30 days from the date of declaration.
And as per Section 205A(5)
2)Amount lying in unpaid dividend account which remains unpaid for a period of 7 years from the date of transfer of amount to Unpaid Dividend Account should be transferred to IEPF within 30 days of the expiry of 7 years.
Thefefore, as per my views:
1) Date of transfer to Unpaid dividend account : 28.09.2003
2) Date of transfer to Investor Education Protection Fund: 27th October, 2010.
Please inform me that the above date is correct.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- TAN for Partnership
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- E way bill for tractors
- Is it compulsory to File 10E if Income including Pension Arrears is below 12 Lakh for the F Y 25 26
- GST Registration Horse racing
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- Loan by Partnership Firm
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
