Start learning →

The special bank account for unpaid dividends is called the

ADividend Reserve Account
BDividend Equalisation Account
CInvestor Protection Account
DUnpaid Dividend Account
Answer & Solution
Correct answer: D. Unpaid Dividend Account
Section 124(1) names the special scheduled bank account the Unpaid Dividend Account.
Practise this question with Quill — CA Inter →

Keep practising Declaration and Payment of Dividend

Browse all Declaration and Payment of Dividend questions for CA Inter, or explore more Law topics.

Start a Declaration and Payment of Dividend lesson →
Related questions
Dividends on preferred shares must be paid before those onThe most common form of dividend payment isSince Budget 2020-21, what has happened to India's DDT?A payout ratio above 100% means the company paidDeclaring a dividend creates what in the company's books?Only holders registered on which date receive the dividend?On and after the ex-dividend date, a buyer of the shareDividends paid before the AGM and final accounts are