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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Unclaimed dividend
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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.
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