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    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 тАШ Unpaid Dividend Account тАЩ within 7 days from expiry of such 30 day period ┬а

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