In India, the Investor Education and Protection Fund (IEPF) was set up by the government to protect investors’ interests and ensure that unclaimed dividends and shares do not remain idle indefinitely. While the intent is protective, many investors are surprised to learn that their shares have been transferred to IEPF. So, what exactly happens when this transfer occurs?
Understanding the Basics
As per the Companies Act, 2013 and the IEPF Authority (Accounting, Audit, Transfer and Refund) Rules, if
