All such shares in respect of which dividend has not been paid or claimed for shall be transferred b...........

Companies Act-Phase (I & II) Paymentofdividends

All such shares in respect of which dividend has not been paid or claimed for __________ shall be transferred by the company in the name of Investor Education and Protection fund.

Any 7 Years

7 consecutive years

Any 5 Years

5 consecutive years

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Explanation:

Further, the provisions of section 124 (6) of the Act, 2013 states, “All shares in respect of which dividend has not been paid or claimed for seven consecutive years or more under sub-section (5) shall also be transferred by the company in the name of Investor Education and Protection Fund along with a statement containing such details as may be prescribed”.