Final Dividend (S.123)
Board recommends, members approve at AGM, pay within 30 days, transfer unpaid to IEPF after 7 years. Final Dividend (S.123) takes 5 steps over about 111 days.
Last updated: 10 August 2026
What is the timeline for Final Dividend (S.123)?
5 steps over about 111 days. Each deadline below runs from the step before it.
| # | Step | Form filed | Deadline |
|---|---|---|---|
| 1 | Board Recommends Dividend | None | within 7 days |
| 2 | Members Approve at AGM | None | within 30 days |
| 3 | Fix Record Date | None | within 7 days |
| 4 | Pay Dividend | None | within 30 days |
| 5 | Transfer Unpaid to Special Account | None | within 37 days |
What are the steps, in order?
The 5 steps below run in order; the day counts show how long each one allows.
Board Recommends Dividend
Board recommends final dividend per share at a Board Meeting.
Members Approve at AGM
Members approve the dividend at AGM. Cannot exceed Board recommendation.
Fix Record Date
Fix record date to determine eligible shareholders.
Pay Dividend
Pay dividend within 30 days of declaration. Deduct TDS u/s 194/194K.
Transfer Unpaid to Special Account
Transfer unpaid dividend to Unpaid Dividend Account within 7 days after the 30-day period.
Every guide runs like this in OnCompliance: steps in order, dates in view, paperwork made for you at each step.
Common questions
How long does Final Dividend (S.123) take?
About 111 days across 5 steps. The first step is: Board Recommends Dividend.
Can OnCompliance run Final Dividend (S.123) for me?
Yes. OnCompliance runs the same steps in order, dates in view, with the paperwork made for you at each step.