TMI BlogUnclaimed Investment Fund with CompaniesX X X X Extracts X X X X X X X X Extracts X X X X ..... Unclaimed Investment Fund with Companies - News and Press Release Dated:- 1-8-2014 - News - The Ministry of Corporate Affairs does not collect any information regarding unclaimed investment funds . ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... However, under section 205C of the Companies Act, 1956 , Companies are required to upload data on the Ministry s website about unclaimed and unpaid amounts on account of dividends, matured deposit ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s, debentures etc. lying with them. Based on data uploaded by Companies, ₹ 3454.29 crore representing such amounts was with the Companies as on 31.03.2014. These amounts would be transferred to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Investor Education and Protection Fund (IEPF) after expiry of seven years, if these remain unpaid and unclaimed on expiry of that period. Based on statutory filings Companies reporting unclaimed/u ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... npaid dividends in their Balance Sheets but not reporting the details in the relevant forms have been identified. Records of such Companies are required to be scrutinized and a Show Cause Notice issue ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d before a final list can be prepared. No instance of a Company transferring unclaimed dividends to its balance sheet has so far come to the notice of the Government. This information was given ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... by MoS in the Ministry of corporate Affairs, Smt. Nirmala Sitharaman in a written reply in LokSabha today. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... axmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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