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Best Answer
Pravin Poloju Staff answered 2 years ago Yes, dividends expire if the dividend received form the company in the form of cheques are not deposited. Earlier the extended period of depositing the dividend cheques was 6 months, but now the period of depositing dividend cheques is only 3 months.
If the dividends are not deposited in 3 months, the dividend cheques expire. If the dividend cheques are not deposited continuously for 7 years or more, those dividends are called as unclaimed dividends and are transferred to IEPF. Later they be claimed from IEPF following some procedures.
If the dividends are not deposited in 3 months, the dividend cheques expire. If the dividend cheques are not deposited continuously for 7 years or more, those dividends are called as unclaimed dividends and are transferred to IEPF. Later they be claimed from IEPF following some procedures.
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