Dividend declared but not claimed for more then 7 years - the ...

Court Rules No Property Deprivation Over Unclaimed Dividends Transferred to IEPF; Article 300-A Not Applicable.

September 4, 2020

Case Laws Companies Law HC

Dividend declared but not claimed for more then 7 years - the petitioner is an 81 year old woman who was not aware even about the existence of the shares until recently on 2019 - the shares were acquired by her son who died on 1993 - transfer of such amount to Investor Education and Protection Fund (IEPF) - No deprivation of property is taking place, under the Impugned Provisions, and as such Article 300-A is not attracted in this case. - HC

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Dividend declared but not claimed for more then 7 years - the ...

Court Rules No Property Deprivation Over Unclaimed Dividends Transferred to IEPF; Article 300-A Not Applicable.

September 4, 2020

Case Laws Companies Law HC

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