Unclaimed Dividend Fund

In accordance with section 205C of Companies Act, 1956 and the current Section 125 of Companies Act, 2013 specified categories of unclaimed and unpaid amounts, including the unclaimed dividends are required to be credited to Investor Education and Protection Fund (IEPF).  The details of amounts credited to the IEPF, including unclaimed dividends, in last three years and current year are as under:

     (Rs. in Crore)

 Amount credited to IEPF forms a part of the Consolidated Fund of India, from which the Ministry receives a separate budgetary allocation specifically for making refunds to eligible investors whose amounts have been credited to IEPF, as well as for creating investor awareness as per the mandate of the Companies Act. 

This was stated by Shri Arjun Ram Meghwal, Minister of State in the Ministry of Corporate Affairs in written reply to a question in Lok Sabha today.