Could anyone please help me to find out whether the unclaimed dividend can be claimed after seven years and if so what is the procedure?
Menu
Unclaimed dividend
Replies (3)
The language of companies act specifically states that company no longer remain liables for unclaimed dividend, once its deposited wid CG... So it can't b claimed from company atleast... And on completion of seven years, such amount is utilised for INVESTOR'S EDUCATION & PROTECTION only., so i think yes such dividend can b claimed from central govt... But let some expert answer on this...
agree with dhiraj ........its deposited into the fund after 7 years....but i dont think that now the shareholder can claim it coz its gone to the fund and can be utilised only for that purpose...coz CG cant keep record of each and every shareholder of different companies....thats what i think...let others answer..
Agreed with Mr. Dheeraj...
It was possible before 1999 amendment. Now, no claim shall lie against unclaimed fund.
Recent Threads
- How Salaried Individuals Can Reduce Capital Gains
- NSTPI registration
- GST PAID IN DELHI
- How to Trade Forex in India?
- TDS - requirement of TDS by individual under presu
- Normal Register in GST in delhi in gujarat no rece
- ITC availment relationship
- Challan confusion in ITR B block return
- U/s 23 (2)(a) and 23 (2)(b)
- Building a Strong Financial Foundation: Key Accoun
Related Threads
CAclubindia
