Lok Sabha Question No. 837 (UNSTARRED), answered on 2022-12-12
Subject: Unclaimed Fund with IEPF
Ministry: CORPORATE AFFAIRS
Asked by: Karti P. Chidambaram

## GOVERNMENT OF INDIA

## MINISTRY OF CORPORATE AFFAIRS LOK SABHA

## UNSTARRED QUESTION NO. 837

ANSWERED ON MONDAY, DECEMBER 12, 2022/

AGRAHAYANA 21, 1944 (SAKA)

## UNCLAIMED FUND WITH IEPF QUESTION

837. SHRI KARTI P. CHIDAMBARAM :

Will the Minister of CORPORATE AFFAIRS be pleased to state:

- (a) the total balance amount in the Investor Education Protection Fund (IEPF) Authority in  the  form  of  unclaimed  dividend,  unclaimed  interest  on  bonds,  among  other unclaimed investments for financial years starting 2016-17, as well as provisional data for the current year;
- (b) the total number of unclaimed shares, claims filed and shares returned to investors during the said period; and
- (c) the  steps  taken  by  the  IEPF  Authority  to  return  the  unclaimed  money  to  the investors or their legal heirs?

## ANSWER

THE MINISTER OF STATE (INDEPENDENT CHARGE) OF THE MINISTRY OF STATISTICS AND PROGRAMME IMPLEMENTATION; MINISTER OF STATE (INDEPENDENT CHARGE) OF THE MINISTRY OF PLANNING AND MINISTER OF STATE IN THE MINISTRY OF CORPORATE AFFAIRS.                                                                                                (RAO INDERJIT SINGH)

(a): Details of the total balance amount in the Investor Education and Protection Fund (IEPF) Authority in the form of unclaimed dividend, unclaimed interest on bonds, among other unclaimed investments for financial years starting 2016-17, as well as provisional data for the current year are as under: -

| Financial Year                                                         | 2016-17   | 2017-18           | 2018-19   | 2019-20   | 2020-21   | 2021-22   | 2022-23#   |
|------------------------------------------------------------------------|-----------|-------------------|-----------|-----------|-----------|-----------|------------|
| Total Balance amount in the IEPF at the end of the year (in Rs. crore) | 1,673.20  | 2,016.72 2,423.19 | 4,310.36  | 4,816.03  | 5,262.25  |           | 5,539.25   |

#The data is provisional upto 31.10.2022.

Contd…2/ -

- (b): Details of the total number of unclaimed shares, claims filed, and shares returned to investors during the said period are as under: -
- (c) The steps taken by Investor Education and Protection Fund Authority to return the unclaimed  money  to  the  investors  or  their  legal  heirs  by  amending  the  Investor Education  and  Protection  Fund  Authority  (Accounting,  Audit,  Transfer  and  Refund) Rules, 2016 (the Rules), are as under: -
- i. a new simplified web based e-form IEPF-5 having features of PAN based verification has been implemented.
- ii. the processing of e-form IEPF-5 by the companies and submission of verification reports to the IEPF Authority has been made online.
- iii. standard document list and Standard Operating Procedure for processing of claims including those involving transmission and loss of share certificates have been prescribed through Schedules in the Rules.

| SI. No.   | Particulars                                        | Financial Year   | Financial Year   | Financial Year   | Financial Year   | Financial Year   | Financial Year   | Financial Year   |
|-----------|----------------------------------------------------|------------------|------------------|------------------|------------------|------------------|------------------|------------------|
|           | Particulars                                        | 2016-17          | 2017-18          | 2018-19          | 2019-20          | 2020-21          | 2021-22          | 2022-23##        |
| 1.        | Total No. of Unclaimed Shares (In lakhs)           | NIL*             | 4,729.52         | 6,482.11         | 7,932.58         | 9,192.78         | 10,552.24        | 11,450.74        |
| 2.        | No. of Claims filed                                | 343              | 4,026            | 19,188           | 16,166           | 14,032           | 28,647           | 19,133           |
| 3.        | No. of shares returned to the investors (In lakhs) | NIL*             | NIL*             | 5.00             | 58.36            | 37.72            | 61.21            | 50.95            |

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