Widely read:
The Investor Education and Protection Fund (IEPF) now holds 0.51% stake in Reliance Industries, which is worth Rs 4020 crore. Value Research Stock Advisor has compiled this data from shareholding disclosures filed by companies with exchanges for the December quarter. The fund has seen its stake move up in companies thanks to the shares that have remained unclaimed by their rightful owners. As per Section 125 of The Companies Act, 2013, all unclaimed and unpaid dividends and shares are required to be transferred by the company to IEPF established by the central government. Companies transfer those shares to IEPF, for which dividend has not been claimed for the past seven years or more.
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