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Unclaimed Dividends

Pursuant to section 125 of the Companies Act, 2013, the Central Government has established a fund called the “Investor Education and Protection Fund” (IEPF) which is credited inter- alia with the amount of dividends remaining unclaimed and unpaid for a period of 7 years from the date they are transferred to the unpaid Account.

The Ministry of Corporate Affairs (MCA) has notified the Investor Education and Protection Fund (Uploading of information regarding unpaid and unclaimed amounts lying with companies) Rules, 2012, whereby companies are required to identify and upload information regarding unclaimed amounts due to be transferred to the IEPF on MCA`s website and also on the Company’s own website.

Accordingly, the details of such unpaid / unclaimed amounts along with their respective due dates for transfer to the IEPF are provided for the benefit of the Shareholders. Those Shareholders who have not claimed their dividend are hereby advised to claim their unclaimed / unpaid amount due to them by making a request to the Company giving their particulars before the same are transferred to the IEPF.

Once unclaimed dividend is transferred to the IEPF, no claim shall lie in respect thereof with the Company. However, shareholders can claim the unclaimed dividend transferred to the IEPF from the IEPF authority after following the procedure prescribed in the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016.

Download details of unclaimed dividends -