Press Esc to close
Monday 25 July 2016
News updated at 5:08 PM IST
Weather
Max: 27.6°C
Min : 20.4°C
In Bengaluru
Sunny day

Firms hold Rs 500 cr unclaimed dividends

New Delhi, Feb 10, 2013, PTI

Dividend payments of at least Rs 530 crore are lying unclaimed with the country’s top-50 blue-chip companies, including the likes of Reliance Industries, ITC and HUL and Tata Steel.

The dividend payments announced by companies for their investors are required to be paid within 30 days of their declaration and any unpaid or unclaimed amount needs to be transferred to an ‘unclaimed dividend account’ within the next seven days.

Any dividend amount lying unclaimed in this account for a period of seven years subsequently gets transferred to the Investor Education and Protection Fund (IEPF).

RIL had total unclaimed/unpaid dividends worth Rs 129 crore as on March 31, 2012. Other companies include ITC (Rs 80.76 crore), HUL (Rs 53.07 crore) and Tata Steel (Rs 45.81 crore) at the end of their respective financial years.


Go to Top

Photo Gallery
A wild elephant crosses a highway in search of dry land after floods hit Kaziranga National Park...

A wild elephant crosses a highway in search of dry land after floods hit Kaziranga National Park...

Bollywood actress Kangana Ranaut displays a creation by designer Manav...

Bollywood actress Kangana Ranaut displays a creation by designer Manav...

Santosh Darod of Kollapu and Sandeep Sharma of MEG Bengaluru wrestles during National level...

Santosh Darod of Kollapu and Sandeep Sharma of MEG Bengaluru wrestles during National level...

NSUI members burn effigies of Odisha CM Naveen Patnaik and Health Minister Atanu Sabyasachi Nayak..

NSUI members burn effigies of Odisha CM Naveen Patnaik and Health Minister Atanu Sabyasachi Nayak..

Mahila Congress members holding a protest against price hike during Punjab Pradesh Congress...

Mahila Congress members holding a protest against price hike during Punjab Pradesh Congress...

Shreeganesh Biradar 4 year old, recorded India book in recites in a minute more than 51 spelling...

Shreeganesh Biradar 4 year old, recorded India book in recites in a minute more than 51 spelling...

People use a banana raft to commute in a flooded area after heavy rains in Alipurduar...

People use a banana raft to commute in a flooded area after heavy rains in Alipurduar...

People participate in 'Walk for Indian Armed Forces' rally to support them, in Kolkata...

People participate in 'Walk for Indian Armed Forces' rally to support them, in Kolkata...

Actor Sonu Gowda near a pothole art created by artist Baadal Nanjunda Swamy in Bengaluru...

Actor Sonu Gowda near a pothole art created by artist Baadal Nanjunda Swamy in Bengaluru...

Actress Aindritha Ray performing during Shatha Sambrama -University of Mysore Centenary...

Actress Aindritha Ray performing during Shatha Sambrama -University of Mysore Centenary...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523