ForumCategory: Shares Dividend RecoveryDo dividends expire?

Do dividends expire?Shares Recovery India Staff asked 2 years ago

1 Answers

Best Answer

Do dividends expire?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.