login-icon
mahindra-finance-logo
login-icon
  • English
  • Hindi
  • Bengali
  • Marathi
  • Telugu
  • Tamil
  • Gujarati
  • Kannada
  • Odia
  • Malayalam
  • Punjabi
|

When is the unclaimed/ unpaid amount transferred to the IEPF Fund?

mahindra-finance-author

by Mahindra Finance

|

July 21, 2023

|

1 mins read

Pursuant to section 124(5) of Act, 2013, a company shall transfer any amount lying in the Unpaid Dividend Account for 7 years along with interest accrued, if any, thereon to the Fund.

Related articles

Business Cash Flow Management – How SMEs Can Ace It

Cash flow management is critical for every organization; it holds even greater significance for startups and MSMEs due to their often limited financial resources. For these entities, effective cash fl...

KNOW MORE

April 17, 2024

What Is The Effective Yield In Fixed Deposits?

If you’re considering investing in a fixed deposit (FD), you’ve probably come across terms like “effective yield” and “annualised yield.” While the interest rate mentioned by banks...

KNOW MORE

March 1, 2024

How To Improve Your Credit Score For A Business Loan?

Whether you’re an entrepreneur looking to expand your business or a small business owner in need of funds, having a good credit score plays a vital role in securing a business loan. Your credit ...

KNOW MORE

April 11, 2024