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The fact is that many people tend to lose their money, shares or dividends to frauds or scams. You may wonder what happens to such unclaimed dividends! Perhaps, your parents or grandparents has invested some amount something you are not wary about. In such a case how will you find and claim the same! This blog can guide you to move in the right direction and claim what is rightfully yours.  IEPF It stands for Investor Education Protection Fund Authority that is under the control of the Corporate Affairs Ministry, Government of India. The government has established this body, where al unclaimed amount is transferred. Following a certain procedure allows investors to claim back their amount. But the question is how do you know if you have some amount and claim it the legal way? How should you search for unpaid, unclaimed amounts? The first step to take to derive iepf refund is to identify if you have any unclaimed amount or not. IEPF provides a facility that allows investors to identify

As per the Accounting, Audit, Transfer, and Refund Rules, 2016, companies must provide information about their unclaimed dividend. The rule deals with the transfer and refund of dividends. A host of reasons are responsible for the emergence of this kind of situation. Some of them include the shareholder's death, address change, and loss of dividend warrant. Gain an insight When a company earns a surplus, it distributes a proportion of its profits to its shareholders as a dividend. The quality and quantity to be declared are decided by the Board of Directors.  • Know the differences The declaration may take place in the form of a final or interim dividend. The interim dividend is announced before the finalization of accounts, whereas the final dividend is paid after the finalization of accounts. The payment is made at a pre-determined rate. An unpaid dividend refers to the dividend announced but not yet paid to the stockholders. Unclaimed dividend refers to the dividend paid but not