Statement of amounts credited to investor education and protection fund Read More
SECTION 127. PUNISHMENT FOR FAILURE TO DISTRIBUTE DIVIDENDS [Effective from 12th September, 2013] Where a dividend has been declared by a company but has not been paid or the warrant in respect thereof has not been posted within thirty days from the date of declaration to any shareholder entitled to the payment of the dividend,… Read More
SECTION 126. RIGHT TO DIVIDEND, RIGHTS SHARES AND BONUS SHARES TO BE HELD IN ABEYANCE PENDING REGISTRATION OF TRANSFER OF SHARES [Effective from 1st April, 2014] Where any instrument of transfer of shares has been delivered to any company for registration and the transfer of such shares has not been registered by the company, it… Read More
SECTION 125. INVESTOR EDUCATION AND PROTECTION FUND [Sub-section(5), (6) [except with respect to the manner of administration of the Investor Education and Protection Fund which is effective from 7th September, 2016] & (7) effective from 13th January, 2016 , Sub Section (1) to (4) and (8) to (11) effective from 7th September, 2016] (1) The Central Government shall… Read More
SECTION 124. UNPAID DIVIDEND ACCOUNT [Effective from 7th September, 2016 ] (1) Where a dividend has been declared by a company but has not been paid or claimed within thirty days from the date of the declaration to any shareholder entitled to the payment of the dividend, the company shall, within seven days from the date… Read More
SECTION 123. DECLARATION OF DIVIDEND [Effective from 1st April, 2014] (1) No dividend shall be declared or paid by a company for any financial year except— (a) out of the profits of the company for that year arrived at after providing for depreciation in accordance with the provisions of sub-section (2), or out of the… Read More