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.

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..... fer 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. This Department has received some enquiries regarding the application of the provisions of section 205A to the amount of dividend as might be payable to non‑resident shareholders since permission of the Reser .....

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..... ee years such money is to be transferred to the general revenue account of the Central Government.1 The concerned companies, after obtaining the necessary approval of the Reserve Bank, can draw the amount from the unpaid dividend account for the payment to the non‑resident shareholders. - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxmana .....

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