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=10936 Unclaimed dividends, even when the dividend warrant has been posted within the statutory posting period but remains uncashed, must be deposited into a special unpaid dividend account. This segregation treats declared dividends as debts owed to shareholders, prevents company use of those funds for day-to-day business, allows payment to shareholders on demand within the statutory claim period, and requires subsequent deposit with the Central Government if not claimed within that period. en-us Sat, 04 Jun 1977 00:00:00 +0530 Fri, 17 Jun 2011 18:00:00 +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=10936 Unclaimed dividends, even when the dividend warrant has been posted within the statutory posting period but remains uncashed, must be deposited into a special unpaid dividend account. This segregation treats declared dividends as debts owed to shareholders, prevents company use of those funds for day-to-day business, allows payment to shareholders on demand within the statutory claim period, and requires subsequent deposit with the Central Government if not claimed within that period. Circulars Companies Law Sat, 04 Jun 1977 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10936