alleryStart learning →Money in the Unpaid Dividend Account moves to the IEPF after
Aseven years
Bfive years
Cten years
Dthree years
Answer & Solution
Correct answer: A. seven years
Section 124(5) moves money unpaid for seven years from the date of transfer, with accrued interest, to the Investor Education and Protection Fund.
Keep practising Declaration and Payment of Dividend
Browse all Declaration and Payment of Dividend questions for CA Inter, or explore more Law topics.
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