Question

A listed company declared a final dividend at its Annual General Meeting (AG

Q: Answer-A listed company declared a final dividend at its Annual General Meeting (AGM) held on September 1,...

Section 1234 Dividend must be paiddispatched within 30 days of declaration. Section 1241 Any amount remaining unpaid or unclaimed after these 30 days must be transferred to the Unpaid Dividend Account within 7 days after the expiry of the said 30 days. Total 30 7 37 days

M held on September 1, 2025. According to Section 124, by which date must the company transfer the unpaid or unclaimed portion of this dividend to a special account titled Unpaid Dividend Account?

A Within 7 days from the date of the AGM.

B Within 30 days from the date of the AGM.

C Within 37 days from the date of declaration of the dividend.

D Within 45 days from the date of declaration of the dividend.

E Within 90 days from the end of the financial year.

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