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Explain the following term/concept. IEPF - Secretarial Practice

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Question

Explain the following term/concept.

IEPF

Short Note

Solution

IEPF stands for ‘Investors Education and Protection Fund’ and is set up by the central government. Any amount in the Unpaid Dividend Account of a company that remains unpaid/ unclaimed for a period of 7 years from the date of such a transfer shall be, transferred by the company to IEPF.

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Legal Provisions on Dividend
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Chapter 10: Dividend and Interest - Exercises [Page 155]

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Balbharati Secretarial Practice [English] 12 Standard HSC Maharashtra State Board
Chapter 10 Dividend and Interest
Exercises | Q 2.09 | Page 155

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