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Dividends that have not been claimed
For shareholders who are entitled to receive dividends, and holders of certificates who have not received their dues result of their visit to the banks of their own or as a result of an error in their addresses or account numbers, or as a result of lack of lead, depositing their testimony in their portfolios do not drop their rights the company and they can submit a request to recover these dues
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Share-based Payment ReserveShare-based payment reserve includes premiums on shares issued, credits resulting from redemption or conversion of shares, fair value of stock options issued to employees and directors, unclaimed dividends, and any other contribution by shareholders in excess of amounts allocated t share capital.
It’s not uncommon for questions to arise about whether a financial liability, such as an account payable, can be removed from the balance sheet, for example because the entity has lost track of the creditor, and no longer expects ever to have to pay the amount. Although this might seem intuitively reasonable, it’s difficult to square with IAS39.AG37, which says a financial liability is extinguished when the debtor either discharges it by paying the creditor, or is legally released from primary responsibility for it, either by process of law or by the creditor. If the creditor hasn’t given a release, and the process of law hasn’t yet intervened (for example, to define unclaimed liabilities above a certain age as being extinguished just by the passage of time), then it seems the liability has to keep on sitting there, however unlikely it might seem it'll ever be settled.
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