News & Media 7th Apr 2024

Public-sector banks may be allowed to transfer unclaimed shares to IEPF

Authors

Mukesh Chand Senior Counsel | Mumbai

Latest Thought Leadership

Alerts & Updates 13th Jan 2025

IFSCA’s Consultation Paper on SPV Framework for Co-investments

Read More
Alerts & Updates 13th Jan 2025

Trade Update – January 13, 2024

Read More
News & Media 10th Jan 2025

Budget 2025: Does old tax regime still make sense or should it be scrapped?

Read More
Newsletter/Booklets 9th Jan 2025

Competition Law & Policy Newsletter for Q4 of 2024

Read More

The finance ministry is considering amending the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, which governs public sector banks (PSBs), to make suitable provisions for allowing PSBs to transfer shares to the Investor Education and Protection Fund (IEPF) when dividends of such shares remain unclaimed by the investors for seven consecutive years.

Harsh Kumar from Business Standard writes on, “Public-sector banks may be allowed to transfer unclaimed shares to IEPF” with expert comments from our Senior Counsel, Mukesh Chand.

Read the full story here

Privacy Policy

As per the rules of the Bar Council of India, lawyers and law firms are not permitted to solicit work or advertise. By clicking on the "I Agree" button, you acknowledge and confirm that you are seeking information relating to Economic Laws Practice (ELP) of your own accord and there has been no advertisement, personal communication, solicitation, invitation or any other inducement of any sort whatsoever by or on behalf of ELP or any of its members to solicit any work through this website.