Press Esc to close
Sunday 29 March 2015
News updated at 5:54 PM IST
Weather
Max: 33.9°C
Min : 20.1°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
Brand ambassador Pranitha subhash at Jewels exotica Akshaya Tritiya jewellery shopping...

Brand ambassador Pranitha subhash at Jewels exotica Akshaya Tritiya jewellery shopping...

Bollywood actor Katrina Kaif with her wax model at Madame Tussauds in London...

Bollywood actor Katrina Kaif with her wax model at Madame Tussauds in London...

Models at a fashion show at IIFT in Bengaluru on Friday night...

Models at a fashion show at IIFT in Bengaluru on Friday night...

People watch the PSLV-C27 take off carrying India's fourth navigational satellite in Sriharikota...

People watch the PSLV-C27 take off carrying India's fourth navigational satellite in Sriharikota...

A view of Vidhan Soudha which was powered off during the Earth hour in Bangalore...

A view of Vidhan Soudha which was powered off during the Earth hour in Bangalore...

Security persons recover articles after an encounter with the Maoists in Latehar...

Security persons recover articles after an encounter with the Maoists in Latehar...

Dancers perform during  procession to mark the Hindu festival of Ram Navami in New Delhi

Dancers perform during procession to mark the Hindu festival of Ram Navami in New Delhi

Youths participate in a rally during Northeast NSS Festival in Agartala on Saturday...

Youths participate in a rally during Northeast NSS Festival in Agartala on Saturday...

Artists dressed as Hindu gods on the occasion of Rama Navami festival in Bengaluru on Saturday...

Artists dressed as Hindu gods on the occasion of Rama Navami festival in Bengaluru on Saturday...

Artists performing ballet 'Durga Saptashati' in Bhopal on Friday evening...

Artists performing ballet 'Durga Saptashati' in Bhopal on Friday evening...

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