https://www.taxtmi.com/caselaws?id=101606 The court held that unclaimed dividends deposited in the Companies Liquidation Account do not become assets of the company post-reconstruction. The company cannot claim these amounts as its assets under Section 555(7)(a) of the Companies Act, 1956. The appeal was dismissed, confirming that the unclaimed dividends belong to the contributories and must be handled in accordance with the statutory provisions of Section 555. en-us Mon, 13 Jul 1987 00:00:00 +0530 Fri, 10 Feb 2012 13:16:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101606 The court held that unclaimed dividends deposited in the Companies Liquidation Account do not become assets of the company post-reconstruction. The company cannot claim these amounts as its assets under Section 555(7)(a) of the Companies Act, 1956. The appeal was dismissed, confirming that the unclaimed dividends belong to the contributories and must be handled in accordance with the statutory provisions of Section 555. Case-Laws Companies Law Mon, 13 Jul 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101606