Dividends paid register requires segregation of preferential and ordinary dividends and reporting of unclaimed amounts to Reserve Bank.

Form WIN 38P establishes a dividends paid register for companies in liquidation, requiring contemporaneous recording of petition details, dividend payment date and total payable, creditor numbering from the final list, and receipts and payments entries; unpaid sums must be re-entered as receipts. Separate pages must be used for preferential and ordinary dividends and the register must record totals of unclaimed dividends and dates/amounts paid into the Reserve Bank of India; a similar account is required for share capital returned to contributories.

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