Any money transferred to the unpaid dividend account which remains unpaid for from the date of such ...........

Companies Act-Phase (I & II) Paymentofdividends

Any money transferred to the unpaid dividend account which remains unpaid for _____ from the date of such transfer shall be transferred by company along with interest accrued if any, to the Investors Education and Protection Fund.

3 years

5 years

7 years

10 years

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Explanation:

Company has to transfer unpaid dividend amount to Investor Education and Protection Fund after the expiry of 7 years from the date of transfer to unpaid dividend account. The company while effecting credit to the Fund, should separately furnish a statement with the authority constituted to administer the fund in Form DIV-5 of Companies (Declaration and Payment of Dividend) Rules, 2014.