Transfer of unpaid dividend Scope of the section explained in the context of expressions “has not been paid” and “warrant in respect thereof has not been posted” used therein.

Transfer of unpaid dividend Scope of the section explained in the context of expressions “has not been paid” and “warrant in respect thereof has not been posted” used therein. https://www.taxtmi.com/circulars?id=10912 The Department clarifies that the expressions "has not been paid" and "warrant in respect thereof has not been posted" denote separate contingencies; therefore, where a company has posted the dividend warrant within the prescribed posting period, the transfer provision does not apply merely because the warrant was not encashed within the subsequent presentation period. en-us Wed, 01 Sep 1976 00:00:00 +0530 Fri, 17 Jun 2011 17:03:00 +0530 TaxTMI RSS Generator Transfer of unpaid dividend Scope of the section explained in the context of expressions “has not been paid” and “warrant in respect thereof has not been posted” used therein. https://www.taxtmi.com/circulars?id=10912 The Department clarifies that the expressions "has not been paid" and "warrant in respect thereof has not been posted" denote separate contingencies; therefore, where a company has posted the dividend warrant within the prescribed posting period, the transfer provision does not apply merely because the warrant was not encashed within the subsequent presentation period. Circulars Companies Law Wed, 01 Sep 1976 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10912