Before the enactment of IEPF, such unclaimed dividends and shares were transferred to the public funds which were then used by the Central and State governments in the public welfare schemes offered by them and also, other developmental works. Statement containing details of ISINs as on March 31, 2021, Statement of Investor Complaints for the quarter ended March 31, 2021, Reconciliation of Share Capital Audit Report for the quarter ended March 31, 2021, Compliance Certificate pursuant to Regulation 7(3) of SEBI (LODR) Regulations, 2015 for the half year ended March 31, 2021, Monitoring Agency Report _ December 31, 2020, Statement of Investor Complaints for the quarter ended December 31, 2020, Reconciliation of Share Capital Audit Report for the quarter ended December 31, 2020, Related Party Disclosure for the half-year ended September 30, 2020, Certificate from Debenture Trustees under Regulation 52 (5) for the half year ended September 30, 2020, Monitoring Agency Report _ September 30, 2020, Certificate pursuant to Regulation 40(9) of SEBI (LODR) for the half year ended September 30, 2020, Reconciliation of Share Capital Audit Report for the quarter ended September 30, 2020, Statement of Investor Complaints for the quarter ended September 30, 2020, Compliance Certificate pursuant to Regulation 7(3) of SEBI (LODR) Regulations, 2015 for the half year ended September 30, 2020, Corporate Governance Report for the quarter and half year ended September 30, 2020, Statement containing details of ISINs as on September 30, 2020, Reconciliation of share capital audit report for the quarter ended June 30, 2020, Statement of investor complaints for the quarter ended June 30, 2020, Proceedings of 43rd Annual General Meeting (Post-IPO) held on July 15, 2020, Annual Secretarial Compliance Report for the year ended March 31, 2020, Related Party Disclosure for the half-year ended March 31, 2020, Certificate pursuant to Regulation 40(9) of SEBI (LODR) for the half year ended March 31, 2020, Reconciliation of share capital audit report for the quarter ended March 31, 2020, Statement of investor complaints for the quarter ended March 31, 2020, Certificate pursuant to Regulation 7(3) of SEBI (LODR) Regulations, 2015 for the half year ended March 31, 2020, Statement of investor complaints for the quarter ended December 31, 2019, Reconciliation of share capital audit report for the quarter ended December 31, 2019, Certificate pursuant to Regulation 40(9) of SEBI (LODR) for the half year ended September 30, 2019, Certificate pursuant to Regulation 7(3) of SEBI (LODR) Regulations, 2015 for the half year ended September 30, 2019, Reconciliation of share capital audit report for the quarter ended September 30, 2019, Statement of investor complaints for the quarter ended September 30, 2019, Certificate pursuant to Regulation 57(1) of SEBI (LODR) Regulations, 2015 - Payment of interest - PPD Series C, Certificate pursuant to Regulation 57(1) of SEBI (LODR) Regulations, 2015 - Payment of interest - PPD Series B, Certificate pursuant to Regulation 57(1) of SEBI (LODR) Regulations, 2015 - Payment of interest - PPD Series A, Statement of investor complaints for the quarter ended June 30, 2019, Reconciliation of share capital audit report for the quarter ended June 30, 2019, Certificate pursuant to Regulation 57(1) of SEBI (LODR) Regulations, 2015 - Payment of interest - PPD 180 - Tranche – 1, Undertaking under Regulation 57(2) of SEBI (LODR) Regulations, 2015 for the year ended March 31, 2019, Certificate pursuant to Regulation 40(9) of SEBI (LODR) for the half year ended March 31, 2019, Reconciliation of share capital audit report for the quarter ended March 31, 2019, Certificate pursuant to Regulation 7(3) of SEBI (LODR) for the half year ended March 31, 2019, Statement of investors complaints for the quarter ended March 31, 2019, Reconciliation of share capital audit report for the quarter ended December 31, 2018, Statement of investors complaints for the quarter ended December 31, 2018, Allotment of equity shares pursuant to Employees Stock Option Scheme on January 02, 2019, Certificate pursuant to Regulation 57(1) of SEBI (LODR) Regulations, 2015 - Payment of interest - PPD Series F, Certificate pursuant to Regulation 57(1) of SEBI (LODR) Regulations, 2015 - Payment of interest - PPD Series E, Certificate pursuant to Regulation 57(1) of SEBI (LODR) Regulations, 2015 - Payment of interest - PPD Series D, Certificate pursuant to Regulation 40(9) of SEBI (LODR) Regulations, 2015 for the half year ended September 30, 2018, Certificate pursuant to Regulation 7(3) of SEBI (LODR) for the half year ended September 30, 2018, Reconciliation of share capital audit report for the quarter ended September 30, 2018, Statement of investor complaints for the quarter ended September 30, 2018, Certificate pursuant to Regulation 57(1) of SEBI Listing Regulations, 2015 – Payment of Interest - PPD Series C, Certificate pursuant to Regulation 57(1) of SEBI Listing Regulations, 2015 – Payment of Interest - PPD Series B, Certificate pursuant to Regulation 57(1) of SEBI Listing Regulations, 2015 – Payment of Interest - PPD Series A, Statement of investor complaints for the quarter ended June 30, 2018, Reconciliation of share capital for the quarter ended June 30, 2018, Certificate pursuant to Regulation 57 (1) of SEBI (LODR) Regulations, 2015, Certificate pursuant to Regulation 7(3) of SEBI LODR for the half year ended March 31, 2018, Certificate pursuant to Regulation 40 (9) of SEBI LODR for the half year ended March 31, 2018, Certificate pursuant to Regulation 52(5) of SEBI LODR for the half year ended March 31, 2018, Reconciliation od Share Capital for the Quarter ended March 31, 2018, Statement of Investor Complaints for the quarter ended March 31, 2018, Undertaking under Regulation 57(2) of SEBI LODR for the year ended March 31, 2018, Reconciliation of Share Capital for the quarter ended December 31, 2017, Statement of Investor Complaints for the quarter ended December 31, 2017, Disclosure of events or information under Regulation 30 of SEBI (LODR) Regulations, 2015 – Uruguay, Certificate pursuant to Regulation 57(1) of SEBI Listing Regulations, 2015, Reconciliation of Share Capital Audit Report for quarter ended September 30, 2017, Statement of Investor Complaints for quarter ended September 30, 2017, Certificate Pursuant to Regulation 40(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, for the half year ended September 30, 2017, Certificate pursuant to Regulation 7(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for half year ended September 30, 2017, Certificate pursuant to Regulation 52(5) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for half year ended September 30, 2017, Statement of Investor Complaints for quarter ended June 30, 2017, Reconciliation of Share Capital Audit Report for quarter ended June 30, 2017, Disclosure of events or information under Regulation 30 of SEBI (LODR) Regulations, 2015 - BLT, Disclosure of events or information under Regulation 30 of SEBI (LODR) Regulations, 2015 - JII, Certificate pursuant to Regulation 52(5) of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, Reconciliation of Share Capital Audit Report for quarter ended March 31, 2017, Certificate Pursuant to Regulation 40(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, for the half year ended March 31, 2017, Certificate pursuant to Regulation 7(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for half year ended March 31, 2017, Statement of Investor Complaints for quarter ended March 31, 2017, Undertaking pursuant to Regulation 57(2) of SEBI (Listing Regulations), 2015, Statement of Investor Complaints for quarter ended December 31, 2016, Reconciliation of Share Capital Audit Report for quarter ended December 31, 2016, Certificate Pursuant to Regulation 40(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, for the half year ended September 30, 2016, Compliance under Regulation 52(5) of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015, Statement of Investor Complaints for quarter ended September 30, 2016, Reconciliation of Share Capital Audit Report for quarter ended September 30, 2016, Certificate Pursuant to Regulation 7(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for half year ended September 30, 2016, Proceedings of 39th Annual General Meeting (Post-IPO) held on September 1, 2016, Statement of Investor Complaints for quarter ended June 30, 2016, Reconciliation of Share Capital Audit Report for quarter ended June 30, 2016, Undertaking pursuant to Regulation 57(2) of SEBI Listing Regulations, 2015, Certificate Pursuant to Regulation 40(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, for the half year ended March 31, 2016, Certificate Pursuant to Regulation 7(3) of SEBI (Listing Obligation and Disclosures Regulations), 2015 for the half year ended March 31, 2016, Reconciliation of Share Capital Audit Report for quarter ended March 31, 2016, Statement of Investor Complaints for the quarter ended March 31, 2016, Reconciliation of Share Capital Audit Report for quarter ended December 31, 2015, Statement of Investor Complaints for the quarter ended December 31, 2015, Standard list of documents required to be submitted with Form IEPF-5. Unclaimed Dividends Recovery of Bajaj Finance Ltd. from IEPF, Provisions for Deposits under Companies Act, 2013 & Rules, Company Law Ready Reckoner to Various Limits & Applicability, Sources of Loans for LLP, Private Company & Public Company- A brief Comparison, Oppression/Mismanagement under Companies Act of 2013 – Understanding through Case Laws, Procedure of accepting deposits from Members under Companies Act, 2013 in brief, Forex Gain in Personal Loan repayment are not taxable – ITAT, Refundable security deposit shown as a liability in books cannot be added to Income, Audited books cannot be rejected in a casual manner, ‘C’ Forms cannot be rejected for Mismatch without providing the Opportunity, DGFT introducing online e- EPCG Committee module, No addition against wife merely based on statement of husband, Consumer Protection (E-Commerce) (Amendment) Rules, 2021, FAQs on Direct Tax Vivad Se Vishwas Act, 2020, FAQs in respect of filling-up of ITR forms for AY 2021-22, Rates of Depreciation as Per Income Tax Act, 1961, Carry Forward and Set Off of Losses with FAQs, Income Tax audit under section 44AB: FAQs, Tax Benefits Available to Senior Citizens, Authority for Advance Ruling under Income Tax, Advance Tax Provisions, Challan, e-payment Utility & Examples, Income Tax Offences liable to prosecution, Unclaimed Dividend up to financial year 1994‑ 95, Unclaimed Dividend for financial years 1995‑96 to 2011‑ 12, Unclaimed Dividend for financial years 2012‑13 and after. For the year ending March 2021 Reliance Industries has declared an equity dividend of 70.00% amounting to Rs 7 per share. In recently released reports by RIL, it has the largest no. Unclaimed Dividend Recovery of Reliance from IEPF: Why Is It a Good Option? Unclaimed Dividend Database Over a period of time we have painstakingly collected information on companies and shareholders, we now have details of millions of Investors who have not claimed their dividend and they risk their shares been transferred to Government. This is where legal assistance can play a major role as they can help to get the will of the elderly to resolve the claim issue among family members. Note that any unclaimed dividend payments unclaimed after 12 years will be lost. 10000 invested in Reliance Industries Limited in 1977 during its IPO would have made the shareholder a Crorepati today.’ No! At the current share price of Rs 1913.15 this results in a dividend … The obvious issue would be how to claim these shares as you cannot simply claim them from the company as too much time has passed since the investment was made. DP Id/ Client Id / Folio Number: Details of Equity Shares liable for transfer to Investor Education and Protection Fund (IEPF) Authority pursuant to the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 (“the Rules”), Details of Equity Shares transferred to Investor Education and Protection Fund (IEPF) Authority pursuant to Section 124(6) of the Companies Act, 2013 read with the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 (“the Rules”), (to be used by shareholders/claimants whose shares and/or dividend/other amounts have been transferred by the Company to Investor Education and Protection Fund), India at the Center of Two New Subsea Cable Systems to Support Exponential [...], Jio Ensures that Jiophone Users will Remain Connected During the Pandemic, Reliance Industries Rallies its Resources on a War Footing to Become India’ [...]. With Rs 113 crore, Reliance Industries Ltd (RIL) tops the list of companies that have unpaid and/or unclaimed dividends lying with them, Parliament was informed today. Note: all investors whose name(s) appear, are advised to URGENTLY download and fill their respective Registrar's e-mandate form and submit same at the nearest branch of their Bank or Registrar to register for the collection of their unclaimed dividends and subsequent dividends electronically; as well as for the proceeds from their secondary market transactions, to be … What bank account money is held by ASIC ASIC holds money from bank, credit union and building society accounts that have not been used in 7 years and contain a balance of $500 or more. Maintained by V2Technosys.com, Taxguru Consultancy & Online Publication LLP, 509, Swapna Siddhi, Akurli Road, Near Railway Station, Kandivali (East), https://www.ril.com/DownloadFiles/IRForms/Shareholders-Referencer.pdf, Importance of NBFC Collaboration with the Financial Entities. The investor must file a special request to the Nodal Officer of the company to get the money from this fund. Therefore, recovery of lost shares of Reliance is the right thing to do especially in tough times like these when the economy is under severe stress due to the Pandemic. The company releases a list of names of investors within 90 days of transferring the amount to the “Unpaid Dividend Fund” on its website. However, during the process, some people might forget about the small investments made by them in penny shares and do not claim the dividends for them. Till 2016 when IEPF was introduced, RIL had almost 113 crores worth of recorded unclaimed dividends of its investors. Its Organized Retail segment is spread across India and includes organized retail outlets of groceries and other household products. IEPF Claim helps you recover unclaimed shares & dividends. These rules mandate that after the declaration of dividend by the company, investors will get 30 days to apply to the company and get their dividend directly from the company. The main thing one can interpret is that if by chance anyone has got a few invested stocks from 1977 or early 80s then they could get rich today by claiming dividends for them. If you have any unclaimed dividend from your physical shares, follow the below steps to claim the dividend: Download the form IEPF-5 from the IEPF's official website (Click here for the direct link). All rights reserved. WHAT AMOUNT GOES TO IEPF? Note: all investors whose name(s) appear, are advised to URGENTLY download and fill their respective Registrar's e-mandate form and submit same at the nearest branch of their Bank or Registrar to register for the collection of their unclaimed dividends and subsequent dividends electronically; as well as for the proceeds from their secondary market transactions, to be … Now, what does it mean? In 2017, RIL again issued bonus shares at a ratio of 1:1. 16,48,800 (Sixteen Lakh Forty Eight Thousand Eight Hundred). 25.48. This happens because penny shares take a lot of time to grow to a significant amount especially when the invested amount is small. Site best viewed in IExplorer 9+ | Chrome 40+ | Firefox 35+, DP Id / Client Id / Folio Number required, Please enter valid DP Id / Client Id / Folio Number, Notice Inviting Offer - Sale of gas from Block KG-DWN-98/3, Notice Inviting Offer - Sale of gas from CBM Block SP (West) - CBM-2001/1, Update on the proceedings of the meeting of Equity Shareholders of the Company; Voting Results; and Scrutinizer’s Report on e-voting (remote e-voting and e-voting at the Meeting), Update on the proceedings of the meeting of Unsecured Creditors of the Company and Scrutinizer’s Report on e-voting (remote e-voting and e-voting at the Meeting), Update on the proceedings of the meeting of Secured Creditors of the Company and Scrutinizer’s Report on e-voting (remote e-voting and e-voting at the Meeting), Newspaper Advt of Notice of NCLT Convened Meetings of - Equity Shareholders / Secured Creditors / Unsecured Creditors of the Company, Notice of NCLT convened Meeting of Equity Shareholders on Wednesday, March 31, 2021 at 2.00 p.m. (IST) through VC / OAVM, Notice of NCLT convened Meeting of Secured Creditors on Wednesday, March 31, 2021 at 10.30 a.m. (IST) through VC / OAVM, Notice of NCLT convened Meeting of Unsecured Creditors on Wednesday, March 31, 2021 at 12.00 noon (IST) through VC / OAVM, Certificate issued by JM Financial Limited, SEBI Registered Merchant Banker, certifying the accuracy and adequacy of disclosures made in the Disclosure Document of Reliance O2C Limited, Presentation on the Proposed Reorganisation of O2C Business of the Company, Scheme of Arrangement between Reliance Industries Ltd and Reliance O2C Ltd, Pre and Post shareholding patterns of Reliance O2C Ltd, Undertaking and Auditors certificate for non-applicability of Para I(A)(9)(b) of Annexure I of SEBI Circular dated March 10, 2017, Memorandum of Association and Articles of Association of Reliance Industries Limited, Audited Standalone and Consolidated Financial Statements Reliance Industries Limited for the financial year ended March 31, 2020, Audited Standalone Financial Statements of Reliance O2C Limited for the financial year ended March 31, 2020, Memorandum of Association and Articles of Association of Reliance O2C Limited, Shareholding Pattern as on March 31, 2021, Shareholding Pattern as on December 31, 2020, Shareholding Pattern as on September 30, 2020, Shareholding Pattern as on March 31, 2020, Shareholding Pattern as on December 31, 2019, Shareholding Pattern as on September 30, 2019, Shareholding Pattern as on March 31, 2019, Shareholding Pattern as on December 31, 2018, Shareholding Pattern as on September 30, 2018, Shareholding Pattern as on March 31, 2018, Shareholding Pattern as on December 31, 2017, Shareholding Pattern as on September 30, 2017, Shareholding Pattern as on March 31, 2017, Shareholding Pattern as on December 31, 2016, Shareholding Pattern as on September 30, 2016, Shareholding pattern as on March 31, 2016, Shareholding Pattern as on December 31, 2015, Share Holding Pattern as on September 30, 2015, Share Holding Pattern as on June 30, 2015, Corporate Governance Report for the quarter and year ended March 31, 2021, Corporate Governance Report for the quarter ended December 31, 2020, Corporate Governance Report for the quarter and half-year ended September 30, 2020, Corporate Governance Report for the quarter ended June 30, 2020, Corporate Governance Report for the quarter and year ended March 31, 2020, Corporate Governance Report for the quarter ended December 31, 2019, Corporate Governance Report for the quarter and half year ended September 30, 2019, Corporate Governance Report for the quarter ended June 30, 2019, Corporate Governance Report for the quarter and year ended March 31, 2019, Corporate Governance Report for the quarter ended December 31, 2018, Corporate Governance Report for the quarter and half year ended September 30, 2018, Corporate Governance Report for the quarter ended June 30, 2018, Corporate Governance Report for the quarter and year ended March 31, 2018, Corporate Governance Report for the quarter ended December 31, 2017, Corporate Governance Report for the half year ended September 30, 2017, Corporate Governance Report for the quarter ended June 30, 2017, Corporate Governance Report for year ended March 31, 2017, Corporate Governance Report for the quarter ended March 31, 2017, Corporate Governance Report for quarter ended December 31, 2016, Corporate Governance Report for half year ended September 30, 2016, Corporate Governance Report for quarter ended September 30, 2016, Corporate Governance Report for quarter ended June 30, 2016, Corporate Governance Report for quarter ended March 31, 2016, Corporate Governance Report for year ended March 31, 2016, Corporate Governance Report for quarter ended December 31, 2015, Initial Disclosure by Large Corporate _ March 31, 2021, Annual Disclosure by Large Corporate _ March 31, 2021, Undertaking under Regulation 57(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Certificate from Axis Trustee Services Limited under Regulation 52(5) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Statement of deviation or variation in the use of proceeds raised through issue of Non-Convertible Debentures _ March 31, 2021, Monitoring Agency Report _ March 31, 2021. Unpaid-Unclaimed Dividend Holders Statement of unclaimed and unpaid amounts to be transferred to IEPF Statement of unclaimed and unpaid amounts as on September 30, 2019. Disclaimer: The contents of this article are for information purposes only and do not constitute an advice or a legal opinion and are personal views of the author. “Rs. It became a medium to handle the claims for lost or forgotten shares and dividends. The Refining segment of the company generates the bulk of profit and includes production and marketing related operations of its petroleum products. The Digital Services segment comprises a range of digital services and investment in telecom infrastructure with the development of new technologies like the 5G network. The latest released RIL data also gives the transfer status of IEPF unclaimed funds for different financial years in the following chart. It is based upon relevant law and/or facts available at that point of time and prepared with due accuracy & reliability. What is important to note is that after seven years are over, shareholders’ still holding unclaimed dividend / redemptions can make no claim against the IEPF under any rule whatsoever to claim such an amount. All the grandchildren/relatives might start asking for a share in the huge amount. Payments are required to be made to investors within 30 days of the dividend being declared. All Rights Reserved. 700000 Crores. The investor has to make claims to the IEPF authority to get his dividends after that period. My account no. Statement of unclaimed and unpaid amounts to be transferred to IEPF. Reliance Industries Limited abbreviated as RIL is an India-based corporate, operating in the Petroleum Refining sector and manufactures Petrochemicals products, Oil, and Gas. Dividend payments of a little over Rs 1,101 crore are lying unclaimed with 1,406 companies, Corporate Affairs Minister Sachin Pilot said in a written reply to Lok Sabha. Binani Industries > Investor Relations > Binani Industries Ltd > Unclaimed Dividend Name and E-mail id of Nodal Officer Name and E-mail id of Nodal Officer under Rule 7 (2A) of Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Second Amendment Rules, 2017. Reliance Industries Limited is one of the largest companies in India and according to a recent report released by MCA, it also has the highest amount in unclaimed dividends. With Rs 113 crore, Reliance Industries Ltd (RIL) tops the list of companies that have unpaid and/or unclaimed dividends lying with them, Parliament was informed today. This is an approximate increase of 64709%. This means that if you had bought 100 shares in 1995, then they would have become 100 + 100 = 200 shares. the claim. Details of Unpaid & Unclaimed Dividend as on March 31, 2020 (IEPF- 2) Details of Equity Shares Liable For Credit to IEPF Authority Details of … Suppose you bought 100 shares of Reliance India Limited in 1995 at the price of Rs. At the current share price of … / / [protected] rs 1 4 2 8 / / [protected] rs1 5 9 6 / / [protected] rs1 7 0 0 But, if you fail to claim this money after three years, then you will receive only the unclaimed money with the interest earned on it for initial three years. In 1997, the company issued bonus shares in the ratio of 1:1. List of unclaimed dividend (Final Dividend) for the F.Y 2018-19 List of unclaimed dividend (Final Dividend) for F.Y 2019-20 Amount of Unclaimed and Unpaid 6th Dividend … Unclaimed Dividend Recovery of Reliance from IEPF: Why Is It a Good Option? Though the original shares will be transferred to IEPF in case the dividends are not claimed for the past 7 years, the bonus ‘Rs. Best IEPF Expert Consultants to help you with transfer of shares & transmission. This is how you would claim money or shares listed in our unclaimed money search as 'Company Gazette'. whatsup 9819746178, Your email address will not be published. Dividend payments of a little over Rs 1,101 crore are lying unclaimed with 1,406 companies, Corporate Affairs Minister Sachin Pilot said in a written reply to Lok Sabha. With crores of investors’ money remaining unclaimed … As mentioned above, IEPF was set up by the Govt. One can access the documents from the link mentioned under the table to get an in-depth understanding of the information. Copyright © TaxGuru. With Rs 113 crore, Reliance Industries Ltd (RIL) tops the list of companies that have unpaid and/or unclaimed dividends lying with them, Parliament was informed today. This information was revealed by Reliance group’s Managing Director and One of the Richest Person in the world Mr Mukesh Ambani in the AGM (Annual General Meeting) of the company in 2017. MCA has issued Investor Education and Protection Fund Authority Rules, 2017. Is [protected] central bank parsudih jamshedpur 8 3 1 0 0 2. Best IEPF Expert Consultants to help you with transfer of shares & transmission. ‘Rs. Required fields are marked *, Notice: It seems you have Javascript disabled in your Browser. 2548 to Rs. The detailed analysis of the data associated with unclaimed IEPF shares is shared in the upcoming sections of this blog. However, the obvious question that arises now is how would you get the said money even if you find an old share certificate of Reliance in the name of your Grandpa? Transferred to General Revenue Account of the Central Govt. Memorandum of Association and Articles of Association of Reliance Industries Limited Audited Standalone and Consolidated Financial Statements Reliance Industries Limited for the financial year ended March 31, 2020 If remain unclaimed for seven consecutive years, then the dividends along with its related shares transferred to Investor Education and Protection Fund (IEPF) Authority. 1000 invested in Reliance Industries shares in 1977 are worth Rs 16,54,503 – over 1,600 times valuable. FAQs on IEPF Claim Process 1. Statement of unclaimed and unpaid amounts to be transferred to IEPF : Statement of unclaimed and unpaid amounts as on. The possibility of other views on the subject matter cannot be ruled out. In the upcoming sections, we will find answers to questions like. Join our newsletter to stay updated on Taxation and Corporate Law. This is not any kind of advertisement or solicitation of work by a professional. The Petrochemicals segment deals with the production and marketing of petrochemical products. Bonus Shares means that the company is rewarding its shareholders fully paid up shares without any cost for staying loyal to the company and showing their faith in its growth. / FOLIO NO. This happens especially with senior citizens who might buy shares from their retirement money and forget to nominate an heir to shares thinking that the investment is too insignificant. 1648800. The authority works under the regulations of the Companies Act, 2013 read with Investor Education and Protection Fund Rules, 2016. Reliance Industries Limited (RIL) is one of the largest conglomerates of India. If the dividend declared by the company remains unpaid/unclaimed for a period of seven years, the company is required to transfer the same to IEPF. RIL has released all the data associated with unclaimed dividends on its website. It was enacted in 2016 and is ruled by IEPF authority to oversee the claims related to old and forgotten investment which dates to more than 7 years from the date of raising a claim. Once your claim is approved by the bank and they have contacted ASIC, it usually takes 28 days to release the funds to the bank so they can pay you. To understand the value of Reliance shares bought long ago in today’s scenario let’s understand it through the following calculation. As per the rules stated by Government regarding dormant shares, these older shares will now be owned by the Investor Education and Protection Fund (“IEPF”) formed by the Government of India.
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