Under section 124(5) of the Companies Act, 2013, money in a company's Unpaid Dividend Account that remains unpaid or unclaimed for how long from the date of its transfer to that account must be…

Section 124(5) of the Companies Act, 2013 requires money in the Unpaid Dividend Account that remains unpaid or unclaimed for seven years from the date of transfer to be moved, with any interest accrued, to the Investor Education and Protection Fund under section 125. The dividend itself reaches the Unpaid Dividend Account earlier, within seven days after the thirty days allowed for payment under section 124(1), and section 124(6) also sends the related shares to the Fund.