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English Release 5-March 2015
Date Month Year
  • President's Secretariat
  • Closure of Mughal Gardens on account of Holi
  • President’s Holi greetings
  • Vice President's Secretariat
  • Vice President greets citizens on Holi
  • Prime Minister's Office
  • Leander Paes and Martina Hingis call on PM
  • PM's remarks on the occasion of dedication to the nation of Stage 1 of Shree Singaji Thermal Power Plant at Khandwa
  • PM greets the people on the festival of Holi
  • Department of Space
  • Launch of PSLV-C27 with IRNSS-1D postponed
  • Election Commission
  • Biennial Election to Elect 5 Members to the Andhra Pradesh Legislative Council by the Members of the Legislative Assembly
  • Min of Agriculture
  • Sowing Area Under Rabi Rice and Summer Pulses And Oilseeds
  • Min of Chemicals and Fertilizers
  • Sh. Hansraj Gangaram Ahir, Union Minister of State for Chemicals and Fertilizers meets Sh. Radha Mohan Singh, Union Minister for Agriculture to discuss imbalanced use of Urea by Fertilizers
  • Min of Comm. & Information Technology
  • The Auction of Spectrum in 2015 in 2100 MHz, 1800 MHz, 900 MHz and 800 MHz Bands Continues
  • Min of Consumer Affairs, Food & Public Distribution
  • There will be no cut in the coverage of National Food Security Act –Shri Ram Vilas Paswan
  • Min of Defence
  • India Reaches out to Nepal to Help Clear Blocked Runway
  • Ministry of Finance
  • Gross Direct Tax Collection during April-February of the Financial Year 2014-15 is up by 10.67 Percent
  • Min of Health and Family Welfare
  • Health Secretary launches Public Service Advertisement and Poster on Tobacco Control featuring Shri Rahul Dravid
  • Health Ministry to celebrate International Women’s Day as ‘Safe Motherhood Day’: Shri J P Nadda
  • Min of Home Affairs
  • Shri Amarnathji Yatra from 2nd July to 29th August, 2015
  • Min of Human Resource Development
  • Swachh Vidyalaya Abhiyan
  • History of North East in NCERT Curriculum
  • Education to Minorities
  • Min of Law & Justice
  • Press Communique on Appointment of a Judge of the J&K High Court
  • Min of Petroleum & Natural Gas
  • Global crude oil price of Indian Basket was US$ 58.51 per bbl on 04.03.2015
  • Min of Science & Technology
  • Signing of MOA Between NRDC and CCRAS
  • Min of Women and Child Development
  • Railways to implement SOPs for restoration/rehabilitation of helpless children in contact with Railways

Previous Date

 
Ministry of Corporate Affairs30-November, 2012 18:48 IST
Quantum of UN-Claimed/Unpaid Dividends Lying with the Companies
“7”

           

            The provisions of sections 205, 205A, 205C and 207 of the
Companies  Act, 1956 (Act), read with relevant rules, require the companies to pay/distribute the dividend declared by them within 30 days of declaration and keep the unpaid/unclaimed dividend, if any, in a Special Bank Accounts for a period up to seven years (for subsequent payment to relevant shareholders claimants).  Giving this information in written reply to a question in the Lok Sabha, Shri Sachin Pilot, Minister of Corporate Affairs, said that after the expiry of the said period of seven years, the amount is required to be transferred to the Investor Education and Protection Fund (IEPF) set up under section 205C of the Act.  The procedural requirements/mechanism with regard to manner of such transfer has been provided under relevant rules.  Non-compliance with these provisions is a punishable offence and necessary action is taken against the companies in appropriate cases.  Further, in order to protect the interests of the investors and create awareness among them about the amounts of un-claimed and unpaid dividend, deposits and debentures lying in Special Bank Accounts of the companies, a web-site based disclosure framework has been notified by the Government. The Companies Bill, 2011 retains these provisions. Further, the said Bill allows refund of these amounts to the claimants even after such amounts have been transferred to IEPF.

            The quantum of un-claimed and unpaid dividend, deposits and debentures lying with the companies transferred to the Government during the last three years, year-wise is given below:

 

Financial year

     Amount (in Lakh Rs.)

2009-10

1079.88

2010-11

1218.16

2011-12

2090.27

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KKP


(Release ID :89788)

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