Unclaimed Money Lying With Companies

The Ministry of Corporate Affairs has decided to analyse the data uploaded on the MCA 21 portal by companies regarding unpaid and unclaimed money lying with such companies. Giving this information in written reply to a question in the Lok Sabha, Shri Sachin Pilot, Minister of Corporate Affairs, said that it has also been decided to provide a search facility on the system to enable investors to obtain details of prosecution pending against a company or its directors.

KKP/sg

(Release ID :95355)