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of <h1>Clarification on Dividend Payments: Distinct Scenarios for 'Unpaid' and 'Unposted' u/s 205A Explained.</h1> The circular addresses the interpretation of the expressions 'has not been paid' and 'warrant in respect thereof has not been posted' in the context of dividend payments under section 205A. It clarifies that these expressions represent separate scenarios. If a company posts a dividend warrant within 42 days of declaration but it remains uncashed for 7 days, the company complies with section 205A. Circular No. 7/77 further clarifies that if warrants remain uncashed, the funds should be transferred to a special unpaid dividend account, not back to the company's general account, ensuring no contradiction between the circulars.
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