📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

  • google app store apple app store

    • Question

      A company has to transfer the unclaimed dividend to

      which account?
      A Unpaid Dividend account Correct Answer Incorrect Answer
      B Accrued Dividend Account Correct Answer Incorrect Answer
      C Investor Education and Protection Fund Correct Answer Incorrect Answer
      D Capital Redemption Reserve Correct Answer Incorrect Answer
      E Capital Reserve Correct Answer Incorrect Answer

      Solution

      In case where such dividend remained unpaid or unclaimed within 30 days from the date of declaration, the amount is transferred to ‘ Unpaid Dividend Account ’ within 7 days from expiry of such 30 day period  

      Practice Next
      ask-question