Tag Archives: unclaimed

Govt proposes law for unclaimed funds

In respect of unclaimed funds in Fixed Deposits with Scheduled Commercial Banks, the Government of India has introduced the Banking Laws (Amendment) Bill, 2011 wherein provision has been made for the establishment of a “Depositor Education and Awareness Fund” to … Continue reading

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Companies to file eForm 5INV containing the information of unclaimed and unpaid amounts: MCA

The Ministry of Corporate Affairs has notified that Investor Education and Protection Fund (Uploading of information regarding unpaid and unclaimed amounts lying with companies) Rules, 2012, has mandated every company to file eForm 5INV containing the information of unclaimed and … Continue reading

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