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Unclaimed dividend of Rs 857 crore lying with companies: Government

Unclaimed dividend of Rs 857 crore lying with companies: Government

Friday, March 17, 2017, 6:17 PM

As much as Rs 857 crore including unclaimed dividend is lying with companies and such amount needs to be transferred to the Investor Education and Protection Fund, Parliament was informed today. The unclaimed and unpaid amounts lying with companies were on account of dividends, matured deposits, debentures, among others. These funds are required to be credited to Investor Education and Protection Fund (IEPF).
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