Question
Any money transferred to the Unpaid Dividend Account of
a company and which remains unpaid or unclaimed for a period of ___________ from the date of such transfer shall be transferred by the company along with interest accrued, if any, thereon to the Investors Education and Protection FundSolution
Section 124.Unpaid Dividend Account -(5)Any money transferred to the Unpaid Dividend Account of a company in pursuance of this section which remains unpaid or unclaimed for a period of seven years from the date of such transfer shall be transferred by the company along with interest accrued, if any, thereon to the Fund established under sub-section (1) of section 125 and the company shall send a statement in the prescribed form of the details of such transfer to the authority which administers the said Fund and that authority shall issue a receipt to the company as evidence of such transfer.
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