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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 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 deposits, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 In ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... vestor 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/unpaid ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 issued bef ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ore 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 by MoS in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the Ministry of corporate Affairs, Smt. Nirmala Sitharaman in a written reply in LokSabha today. X X X X Extracts X X X X X X X X Extracts X X X X
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