https://www.taxtmi.com/article/detailed?id=7907 The Investor Education and Protection Fund collects specified unclaimed company receipts-including unpaid dividends, matured deposits and debentures, application money for allotment, fractional share proceeds and certain transferred sums-and income on investments. Companies must transfer such unclaimed amounts after the prescribed dormancy period and file prescribed statements to the administering Authority, which issues receipts. The Fund may be used for refunds of unclaimed amounts, investor education and awareness, distribution of disgorged sums to eligible victims, and incidental purposes; noncompliance attracts statutory penalties for companies and defaulting officers. en-us Wed, 07 Mar 2018 07:56:04 +0530 Wed, 07 Mar 2018 07:56:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7907 The Investor Education and Protection Fund collects specified unclaimed company receipts-including unpaid dividends, matured deposits and debentures, application money for allotment, fractional share proceeds and certain transferred sums-and income on investments. Companies must transfer such unclaimed amounts after the prescribed dormancy period and file prescribed statements to the administering Authority, which issues receipts. The Fund may be used for refunds of unclaimed amounts, investor education and awareness, distribution of disgorged sums to eligible victims, and incidental purposes; noncompliance attracts statutory penalties for companies and defaulting officers. Articles Corporate Laws / IBC / SEBI Wed, 07 Mar 2018 07:56:04 +0530 https://www.taxtmi.com/article/detailed?id=7907