unclaim dividend
This query is : Resolved
24 May 2016
can shareholder get unclaimed dividend after expire of period 7 yrs in which com. transfr unclaimed dividend to investor edu. prot. fund ?
25 May 2016
The person can claim this amount from the Company only within 7 years of his transfer to Unpaid dividend account. After expiry of 7 year , not only dividend amount but also shares shall be transferred to Investor Education Protection Fund.
Message likes :
1 times
25 May 2016
it mean shareholder cannot sell his share after trnsfr to IEPF
26 May 2016
NO, According to section 124 (6), proviso, the Claimant of shares transferred to the Investtor Education Protection Fund shall be entitled to claim the transfer of shares from IEPF in accordance with such procedure and on submission of such documents as may be prescribed.
Shareholder can sell his share freely after transfer to IEPF
Shareholder can sell his share freely after transfer to IEPF
Message likes :
1 times
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
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
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
