24 February 2018
If a company fails to transfer the unpaid or unclaimed dividend to Unpaid Dividend Account within the time stipulated therein then the consequences under both 124(3)and 124(7) will apply or only 124(3) applies?
24 February 2018
Both will apply, because the former is a compensatory payment(interest) whereas the the latter is fine for punishment for the non compliance of the requirements of section 124.