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of <h1>India Amends Investor Education and Protection Fund Rules: New Requirements for Unclaimed Dividends by Companies and Banks</h1> The Government of India has amended the Investor Education and Protection Fund Rules, 2012, effective from March 31, 2014. These amendments require companies and corresponding new banks, as defined by the Banking Companies Acts of 1970 and 1980, to identify unpaid or unclaimed dividends transferred to the Unpaid Dividend Account. This must occur within 90 days following their Annual General Meeting each year, especially for amounts unclaimed for seven years. The term 'company' in Form 5INV is now replaced with 'company and corresponding new bank' to reflect this change.
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