dividend transfer to Investor Edu. Prot. Fund can be claim
This query is : Resolved
Anoop kumar Modi
(Querist)
22 February 2008
I had recd. div. warrant in the year of 1994 but but i could not deposited within the time, now as per the provisions of the companies act this amt.had been transferred to the Investor Education and Protection Fund (U/s 205C).
Can I claim it from that fund if yes than please tell me the procedure for the same.
Thank You
Can I claim it from that fund if yes than please tell me the procedure for the same.
Thank You
22 February 2008
THERE IS NO WAY TO CLAIM MONEY BACK FROM INV. EDUCATION AND PROTECTION FUND .
EXPLANATION UNDER SUB SECTION 2 OF SEC 205 C OF THE COMPANY'S ACT MAKES ABSOLUTELY CLEAR THAT NO CLAIM SHALL LIE AGAIST THE FUND OR THE COMPANY FOR ANY INDIVIDUAL AMOUNT UNCLAIMED OR UN PAID FOR A PERIOD OF SEVEN YEARS FROM THE DATE THEY FIRST BECAME DUE.
SORRY.
R.V.RAO
EXPLANATION UNDER SUB SECTION 2 OF SEC 205 C OF THE COMPANY'S ACT MAKES ABSOLUTELY CLEAR THAT NO CLAIM SHALL LIE AGAIST THE FUND OR THE COMPANY FOR ANY INDIVIDUAL AMOUNT UNCLAIMED OR UN PAID FOR A PERIOD OF SEVEN YEARS FROM THE DATE THEY FIRST BECAME DUE.
SORRY.
R.V.RAO
22 February 2008
THERE IS NO WAY TO CLAIM MONEY BACK FROM INV. EDUCATION AND PROTECTION FUND .
EXPLANATION UNDER SUB SECTION 2 OF SEC 205 C OF THE COMPANY'S ACT MAKES ABSOLUTELY CLEAR THAT NO CLAIM SHALL LIE AGAIST THE FUND OR THE COMPANY FOR ANY INDIVIDUAL AMOUNT UNCLAIMED OR UN PAID FOR A PERIOD OF SEVEN YEARS FROM THE DATE THEY FIRST BECAME DUE.
SORRY.
R.V.RAO
EXPLANATION UNDER SUB SECTION 2 OF SEC 205 C OF THE COMPANY'S ACT MAKES ABSOLUTELY CLEAR THAT NO CLAIM SHALL LIE AGAIST THE FUND OR THE COMPANY FOR ANY INDIVIDUAL AMOUNT UNCLAIMED OR UN PAID FOR A PERIOD OF SEVEN YEARS FROM THE DATE THEY FIRST BECAME DUE.
SORRY.
R.V.RAO
22 February 2008
THE AMOUNT UNCLAIMED UPTO SEVEN YEAR FROM THE FUND IS NON CLAIMABLE AFTER SEVEN YEARS
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