Dividends - 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.

Dividends - 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=10921 The circular clarifies that the statutory regime governing unpaid dividend applies to amounts payable to non resident shareholders even when Reserve Bank approval is required; companies, after obtaining such approval, may draw from unpaid dividend accounts to pay non resident shareholders, and only after the statutory limitation period expires must amounts be transferred to the general revenue account of the Central Government. en-us Thu, 28 Oct 1976 00:00:00 +0530 Fri, 17 Jun 2011 17:17:00 +0530 TaxTMI RSS Generator Dividends - 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=10921 The circular clarifies that the statutory regime governing unpaid dividend applies to amounts payable to non resident shareholders even when Reserve Bank approval is required; companies, after obtaining such approval, may draw from unpaid dividend accounts to pay non resident shareholders, and only after the statutory limitation period expires must amounts be transferred to the general revenue account of the Central Government. Circulars Companies Law Thu, 28 Oct 1976 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10921