Rise in investors demanding unclaimed money

"The MCA's Investor Education and Protection Fund Authority (IEPFA) is reaching out to companies and investors in large numbers who have unclaimed dividends, shares and deposits and expects to receive about 24,000 claims by end of this year," a top MCA official said at an Assocham event in New Delhi on Wednesday. "In the last to last year, we had received something about 2,000 claims in the entire year but today we are receiving 2,000 a month, so we will be ending this year by about 24,000 claims, that is a huge increase," said Rajiv Bansal, Additional Secretary & Financial Adviser, MCA and CEO, IEPFA, adding that the MCA is also in the process of issuing notice to companies both listed, non-listed and NBFCs to transfer unclaimed amounts. DailyhuntDisclaimer: This story is auto-aggregated by a computer program and has not been created or edited by Dailyhunt. Publisher: Deccan Chroniclehttps://alumnicareerservices.org/westminster/UserProfile/tabid/14981/UserId/456364/Default.aspx

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