Use of Unclaimed Funds Lying With Companies

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..... Use of Unclaimed Funds Lying With Companies
News and Press Release
Dated:- 9-12-2013

As specified in Section 205C of the Companies Act, 1956, companies are required to transfer such amou .....

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..... nts as have remained unclaimed and unpaid on account of dividends, matured deposits and debentures with companies for a period of seven years from the date that they become due for payment to Investor .....

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..... Education and Protection Fund (IEPF). Giving this information in written reply to a question in the Rajya Sabha today, Shri Sachin Pilot, Minister of Corporate Affairs, said that an amount of Rs. 693 .....

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..... .37 crore has been credited to the IEPF, which forms part of the Consolidated Fund of India (CFI), for the period 2001-02 up to 2012-13.
News - Press release - PIB .....

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