Which type if company may credit the amount of dividend to the account of shareholder if the dividen...........

Companies Act-Phase (I & II) Paymentofdividends

Which type if company may credit the amount of dividend to the account of shareholder, if the dividend is not claimed within 30 days by shareholder from the date of declaration of the dividend?

Foreign company

Nidhi company

Government company

None of the above

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Explanation:

Nidhi company is a type of company in the Indian non-banking financial sector, recognized under 406 of Companies Act, 2013. The core business is lending and borrowing money between members. Nidhi companies may credit the amount of dividend to the account of shareholder, if the dividend is not claimed by shareholder within 30 days from the date of declaration of the dividend