WebFor anyone overseas, trying to trace an unclaimed bank account or shares in India will be virtually impossible. There is no centralised database, and nothing can be done online. That unfortunately only leaves one option, which is to use an India-based company to try and locate money. It’s something that shouldn’t be undertaken idly. Web16 Dec 2024 · In another case in the Delhi high court, in India Awake for Transparency vs Union of India, the court clarified that Section 124(6) of the Companies Act, 2013 which mandates the transfer of shares to the Investor Education and Protection Fund, does not essentially result in statutory vesting of the property. The IEPF merely enforces a transfer …
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WebCS Sachin Saluja. Company Secretary & Compliance Officer. Email: cs (at)isgec (dot)co (dot)in. Telephone: 0120-4085408 / 8800705810. WebAny person, whose unclaimed or unpaid amount has been transferred by the company to IEPF may claim their refunds to the IEPF authority. For claiming such amount, claimant needs to file form IEPF-5 alongwith requisite documents. Procedure to claim Refund 1. Please access the IEPF-5 webform for filing the claim for refund. have been attracted
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WebUpload the filled form on the IEPF portal After the Form 5- INV is filled and uploaded on the MCA21 portal, you are required to provide the investor wise details of unclaimed and … Web10 Apr 2024 · More than 100,000 shareholders have unclaimed shares worth billions of rupees in some of India’s largest companies.. A Business Standard analysis of the shareholding records of the S&P BSE 100 firms shows that shares worth at least Rs 13.02 billion are lying unclaimed with companies.. Shares are unclaimed because of various … Web13 Dec 2024 · The definition of an unclaimed share was one on which the investor did not encash or otherwise claim a declared dividend for seven years. Illustration: Binay Sinha. The number of unclaimed shares in government custody has crossed over a billion, with new additions every year. TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 … boring types