New Delhi, March 17, 2017
As much as Rs.857 crore including unclaimed dividend is lying with companies and such amount needs to be transferred to the Investor Education and Protection Fund, Parliament was informed today.
The unclaimed and unpaid amounts lying with companies were on account of dividends, matured deposits, debentures, among others.
In 2013-14, Rs.190 crore was lying with various firms; Rs.261.56 crore in 2014-15; Rs.223.42 crore in 2015-16 and about Rs.182 crore in the first seven months of the current fiscal, Minister of State for Corporate Affairs Arjun Ram Meghwal said in a written reply to the Lok Sabha.
[The Hindu Business Line]