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??
Menu
Unclaimed dividend
Replies (8)
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
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..
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.
Is the same provision applicable to interest on bonds that cumulates and received as maturity value?
No claim shall be made with respect to amount transferred to such fund...
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
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
Any sum once transferred to IEP fund , can not be claimed by any person either from company or such fund.
Recent Topics :
- GSTR 9 LATE FEE
- Best Online Mock Test Series for CA Inter January
- COST OF IMPROVEMENT
- Pillows and Mattresses
- GST Applicability for Reg. / Un-Reg. Indian custom
- Amended GST Act & Rules
- FAST DS 2026 MAIL QUERY
- Does Anyone need CA Foundation books of May2026 at
- Last day for ITR-U for AY 2023-2024 (FY 2022-2023)
- Sale of shares in indian company by a non resident
Related Topics :
CAclubindia
