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of <h1>Shareholders Beware: Unclaimed Dividends Trigger Share Transfer After 7 Years Under New Section 124 Amendment</h1> The amendment modifies section 124 of the principal Act, specifically addressing dividend transfer provisions. It changes the criteria for transferring unclaimed dividends to the Investor Education and Protection Fund, stipulating that shares will be transferred if dividends remain unpaid or unclaimed for seven consecutive years. An explanatory clause clarifies that if any dividend is paid or claimed during this period, the shares will not be transferred.
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