धारा 364

Section 364 of the Companies Act, 2013, states that 'any dividend which remains unpaid or unclaimed for a period of seven years from the date of declaration shall be transferred by the company to the Investor Education and Protection Fund.' The section further provides that 'all dividends which are unclaimed or unpaid for a period of seven years shall be deemed to be the property of the company and shall be transferred to the credit of the Investor Education and Protection Fund.' The section aims to ensure that unclaimed dividends are transferred to the Investor Education and Protection Fund, which is used for the purpose of promoting investor education and protection.