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Unclaimed dividend

Darshan Reddy (Article assistant) (210 Points)

28 May 2015

Can any one tell me how to claim the dividend which has been tranfered to Investor education and protection fund?Dividends are unclaimed by my father since 2000 on wards...Please help me??

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8 Replies

(Guest)

dividend transferred to investor education and protection fund can not be claimed by shareholder...as far as i know..

let me know what is opinion of others

Sourabh Jain (Credit Manager) (62 Points)
Replied 28 May 2015

Can't be claim after transfer, as act give 7 years to claim to shareholder after trf. To unclaimed dividend account of the company its enough..but after trf. No claims possible it will utilities for investor protection..

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satyendra nishad (student) (28 Points)
Replied 28 May 2015

As per both comapanies act i.e. old & new, if unpaid dividend unclaimed for 7 years as they due shall transfer to Fund i.e. Investor Education & Protection Fund. Once such dividend transferred to fund, shareholder has no right to recover it.

Abhishek Upadhyay (Student) (41 Points)
Replied 28 May 2015

Is the same provision applicable to interest on bonds that cumulates and received as maturity value?

earnest xavier (student final) (57 Points)
Replied 28 May 2015

No claim shall be made with respect to amount transferred to such fund...

hitesh banshilal porwal (article) (49 Points)
Replied 28 May 2015

As per companies act 2013 ' no any shareholder can be claimed any unclaimed dividend which transfer to investor education & protection fund. These fund are used by central governments to awareness of investor

sumaid (student) (21 Points)
Replied 28 May 2015

unclaimed dividend is not claimed by shareholder within 7 years then it will be transferd to investor education protection fund(maintained by SEBI)which cannt be claim by shareholder