Under
Section 205C of the Companies Act, 1956, companies are required to transfer
such amounts as have remained unclaimed and unpaid with them on account of
dividends, matured deposits and debentures, for a period of seven years from
the date that they became due for payment, to Investor Education and Protection
Fund (IEPF).
Giving
this information in written reply to a question in the Lok Sabha today, Shri
Sachin Pilot, Minister for Corporate Affairs, said that an amount of Rs. 693.37
crore has been credited to the IEPF, which forms part of the Consolidated Fund
of India (CFI), for the period 2001-02 to 2012-13.
No
instance of a company transferring such unclaimed funds to its balance sheet has
so far come to the notice of the Government.
0 comments:
Post a Comment