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    <title>Dealing with unclaimed non-convertible securities and benefits accrued thereon</title>
    <link>https://www.taxtmi.com/acts?id=40238</link>
    <description>Listed entities shall not forfeit unclaimed interest, dividend or redemption amounts on non convertible securities. If unpaid thirty days after the due date, such amounts must be moved to an escrow account within seven days (with transitional treatment for amounts outstanding for under seven years). Any escrowed amount unclaimed for seven years must be transferred to an Investor Protection and Education Fund (via Companies Act procedures for companies or the Board&#039;s fund for non company entities) and such transferred amounts shall not bear interest; the Board will specify claim procedures.</description>
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    <pubDate>Thu, 09 Sep 2021 13:08:43 +0530</pubDate>
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      <title>Dealing with unclaimed non-convertible securities and benefits accrued thereon</title>
      <link>https://www.taxtmi.com/acts?id=40238</link>
      <description>Listed entities shall not forfeit unclaimed interest, dividend or redemption amounts on non convertible securities. If unpaid thirty days after the due date, such amounts must be moved to an escrow account within seven days (with transitional treatment for amounts outstanding for under seven years). Any escrowed amount unclaimed for seven years must be transferred to an Investor Protection and Education Fund (via Companies Act procedures for companies or the Board&#039;s fund for non company entities) and such transferred amounts shall not bear interest; the Board will specify claim procedures.</description>
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      <pubDate>Thu, 09 Sep 2021 13:08:43 +0530</pubDate>
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