The Dividend declared by the Company to its shareholders which remains unclaimed gets accumulated with the Company. The Ministry of Corporate Affairs (MCA) addressed the issue by introducing Section 125 of the Companies Act, 2013, thereby making it compulsory to deposit unclaimed dividend lying with the Companies for a period of seven years to the Investor Education and Protection Fund (IEPF), administered by the Central Government.
In terms of “Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016”, companies have to identify and upload details of unclaimed dividend on their website.
Accordingly, information is provided for the benefit of our shareholders.
|Unclaimed dividends as on 30th July 2013|