Claim Dividend Or Lose Shares
  • Elizabeth George
  • Oct 08 2013

October 8: The devil always lies in the detail and the new Companies Act is just living up to this adage. According to the new Act, a shareholder could lose his shares if he fails to claim the dividend for more than 7 years. In such a situation, both the dividend amount and the shares would get transferred to the investor protection fund. We present exclusive information on the Act and how this clarification can affect you as an investor.