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[Cites 0, Cited by 0] [Section 28C] [Entire Act]

Union of India - Subsection

Section 28C(5) in THE FINANCE ACT, 2021

(5)The amount remaining unclaimed and unpaid for a period of seven year from the date it became due for payment in the Unpaid Dividend Account shall be transferred to the Investor Education and Protection Fund established under sub-section (1) of section 125 of the Companies Act and shall be deemed to be an amount credited to the said Fund under sub-section (2) of the said section.”.