New Delhi: Dividends form the percentage of a company’s profits and are paid to investors/shareholders in respect of their share of the profits.
What happens to long-unclaimed dividends?
As per the rules of the Investor Education and Protection Fund (IEPF) in terms of the provisions of Section 205A of the Companies Act, 1956, dividends not collected or claimed within seven years from the date of issue will be transferred to the .
What is the Investor Education and Protection Fund Authority (IEPFA)?
Established by the Central Government, the IEPFA Authority is entrusted with the responsibility of managing the Investor Education Protection Fund (IEPF), making refunds of shares, unclaimed dividends, matured deposits/debentures, etc. to investors, promoting awareness among investors and protecting the interests of investors.
What is the procedure to claim unclaimed dividend amount from LIC?
In order to claim the unclaimed dividend, the shareholders of the Corporation may update their bank account details in the Demat account with their Depository Participants and send the following document from their registered email address to the RTA i.e. KFin Technologies Ltd. [email protected] or to the Corporation at [email protected]:
Unclaimed LIC Dividend: Following documents are required
•Updated Client Master List (CML) reports of Depositary Participants.
•Self-certified copy of the PAN card
•Scanned copy of the cancelled check.
LIC Unclaimed Dividend for FY 2021-22 and FY 2022-23
Here is the direct link to the list of unclaimed dividends for the financial year 2021-22 up to 31.03.2024 and the list of unclaimed dividends for the financial year 2022-23 up to 31.03.2024
https://licindia.in/hi/2022-233
https://licindia.in/hi/2021-222
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