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. - Companies Law - Letter: No. 8/2 (Misc.)/75‑CL‑V,

Letter: No. 8/2 (Misc.)/75 ‑ CL ‑ V, dated 5 ‑ 6 ‑ 1975. Subject:- 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. Query: Whether payments cannot be made to the persons claiming dividends from the unpaid dividends lying with the company on 1‑2-1975 within a period of six months until which time the company has an option to transfer such amount to the unpaid dividend account . Answer: There is no option for transferring the unpaid dividend to the unpaid dividend account as at the commencement of the Act. There is no obligation to comply within six months from the 1st February, 1975.