BANK SEBI Grade A Phase 1 & Phase 2 Mock Test 2024 Legal Aspects of Business The Companies Act, 2013
What happens to the unclaimed dividends after 7 years?
1
They are returned to the shareholders
2
They are transferred to the Investor Education and Protection Fund (IEPF)
3
They remain in the Unpaid Dividend Account
4
The government appropriates them
5
They are used for company reserves