Lok Sabha Question No. 1731 (UNSTARRED), answered on 2023-07-31
Subject: Investors Education and Protection Fund
Ministry: CORPORATE AFFAIRS
Asked by: Sisir Kumar Adhikari

## LOK SABHA UNSTARRED QUESTION NO. 1731 ANSWERED ON MONDAY, July 31, 2023/ Sravana 9, 1945 (SAKA)

## INVESTORS EDUCATION AND PROTECTION FUND

## QUESTION

## 1731. SHRI SISIR KUMAR ADHIKARI:

Will the Minister of CORPORATE AFFAIRS be pleased to state:

(a) whether the Government has taken action for disbursement of unpaid/unclaimed amounts to the claimants from Investors Education and Protection Fund (IEPF); (b) if so, the details of unclaimed funds which are with Government and the number of organizations for the last ten years having such unclaimed dividend; and the action taken/being taken by the Government for withdrawal of funds to refund

## 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) & (c): Yes Sir.  As per Section 124 and 125 of Companies Act, 2013, shares, unclaimed dividend, matured deposits, matured debentures, application money due for refund, or interest thereon, sale proceeds of fractional shares, redemption proceeds of preference shares etc, which remained unclaimed for a period of 7 years or more shall be transferred to IEPF Authority and the same can be subsequently claimed by the investors from the Authority  by  submitting  an  online  application  in  Form  IEPF-5  available  on  the  website www.iepf.gov.in to the Authority.

(b):    The unclaimed funds which are with the Government (under IEPF) for the last 10 years  is  given  in  Annexure-I.  The  number  of  companies  with  unclaimed  dividend  as available from filing under 5INV/IEPF2 as per MCA-21  for the last 10 years is given in Annexure-II.

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- (c) to investors?

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## ANNEXURE-I

## ANNEXURE-I  REFERRED  TO  IN  REPLY  TO  PART  (b)  OF  LOK  SABHA  UNSTARRED QUESTION NO. 1731 FOR 31.07.2023

## Details of unclaimed fund pending with Investors Education and Protection Fund (IEPF) for the last 10 years

| Year     | Unclaimed fund pending with the IEPF (Rs. In crore)   |
|----------|-------------------------------------------------------|
| 2013-14  | 883.31                                                |
| 2014-15  | 1,144.87                                              |
| 2015-16  | 1,368.29                                              |
| 2016-17  | 1,673.20                                              |
| 2017-18  | 2,016.72                                              |
| 2018-19  | 2,423.19                                              |
| 2019-20  | 4,310.36                                              |
| 2020-21  | 4,816.03                                              |
| 2021-22  | 5,262.25                                              |
| 2022-23* | 5,714.51                                              |

## ANNEXURE-II

## ANNEXURE-II  REFERRED  TO  IN  REPLY  TO  PART  (b)  OF  LOK  SABHA  UNSTARRED QUESTION NO. 1731 FOR 31.07.2023

## Number  of  companies  which  have  filed  eform  5  INV  and/or  Form  No.  2  identifying unclaimed dividend for last 10 years

| Year     |   Number of Companies |
|----------|-----------------------|
| 2013-14* |                   239 |
| 2014-15* |                   315 |
| 2015-16* |                   305 |
| 2016-17# |                   380 |
| 2017-18$ |                  1718 |
| 2018-19$ |                   122 |
| 2019-20$ |                  1795 |
| 2020-21$ |                  1753 |
| 2021-22$ |                  1768 |
| 2022-23$ |                  1763 |

* According to filing of eform 5 INV on MCA 21. The eform 5 INV was notified through

G.S.R 352(E) on 10 th  May 2012.

# According to filing of eform 5 INV and Form No. IEPF-2 on MCA 21. The form No. IEPF2 was notified through G.S.R 854(E) on 5 th  September 2016.

$ According to filing of Form No. IEPF-2 on MCA 21.

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