Question
As per Companies Act, 2013, if the dividend remains
unclaimed, a company should transfer the dividend to Unpaid Dividend Account within 7 days of expiry of ______Solution
Section 124 of the Companies Act, 2013 states that In case where dividend remained unpaid or unclaimed within 30 days from the date of declaration, the amount is to be transferred to ‘Unpaid Dividend Account’ within 7 days from expiry of such 30 day period.
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