What happens to dividend, which remains unpaid/unclaimed for more than 7 years?

In case of dividend amount remaining unpaid/unclaimed for a period more than 7 years then the said amount is necessarily transferred to the “Investor Education and Protection Fund” (IEPF), constituted by the Central Government and members would not be able to claim any amount of dividend so transferred to the IEPF.

P.S. However in respect of the unclaimed dividend(s) declared for the period(s) upto 1994, the same have already been transferred by Brawn Pharmaceuticals Limited to the General Revenue Account of the Central Government. Member(s) may claim the same by writing to the Registrar of Companies, NCT of Delhi & Haryana, Paryavaran Bhawan, CGO Complex, Lodhi Road, New Delhi, 110 003 by quoting the Company’s Identification No. L35911DL1984PLC017354