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Unpaid dividend amount

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(Querist)
27 August 2012 Dear All,

there is some unpaid dividend amount lying in the bank, after 7 years it will be transfered to IEPF account.

Is there any provision to get that amount back from IEPF by writting an application or by filling a case.

Please suggest
Thanks in Advance.
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sunil rao malla

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sunil rao malla (Expert)
27 August 2012 There is no such provision to get back the amount which is transferred to IEPF.
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K Srinivas, CMA CS

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K Srinivas, CMA CS (Expert)
27 August 2012 I second Mr Sunil's reply. There aren't any provision to get back the funds transferred to IEPF.
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CS Ankur Srivastava

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CS Ankur Srivastava (Expert)
27 August 2012 Once the amount is transferred to IEPF Account, there is no provision to get it back.

It is a clear provision after seven years you have to transfer the money to the IEPF account and there is no question to get it back.
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CS Shivatanu Mitra

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CS Shivatanu Mitra (Querist)
29 August 2012 Thank You to all of you.
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