GK
ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The amount in unpaid dividend accounts of companies shall be transferred to the
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Investor Protection Fund
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Investor Education and Protection fund
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Dividend Equalisation Reserve of the company
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General Revenue Account of the Central Government
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Explanation:
Detailed explanation-1: -The amount remaining unpaid or unclaimed along with interest accrued thereon for seven years shall be transferred to Investor Education and Protection Fund. A statement of such amount is required to be sent to the Authority administrating the Fund.
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