Unclaimed dividends and corporate payments: transfer to Investor Education and Protection Fund after prescribed unclaimed period. Section 205C mandates transfer of specified unclaimed corporate monies to the Investor Education and Protection Fund when they remain unclaimed for the statutory unclaimed period. This covers unpaid dividends (including interest), application moneys due for refund, matured deposits, matured debentures and interest thereon, subject to transitional rules for amounts previously transferred to government accounts and a limited grace period following the Fund's operational commencement.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Unclaimed dividends and corporate payments: transfer to Investor Education and Protection Fund after prescribed unclaimed period.
Section 205C mandates transfer of specified unclaimed corporate monies to the Investor Education and Protection Fund when they remain unclaimed for the statutory unclaimed period. This covers unpaid dividends (including interest), application moneys due for refund, matured deposits, matured debentures and interest thereon, subject to transitional rules for amounts previously transferred to government accounts and a limited grace period following the Fund's operational commencement.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
