Current Affairs · Regulatory Bodies
Consider the following statements regarding the handling of unclaimed amounts on non-convertible securities: 1. Unclaimed interest and redemption amounts on non-convertible securities of listed companies must be transferred to the Investor Education and Protection Fund (IEPF) after seven years, in line with the Companies Act, 2013. 2. For entities that do not fall under the Companies Act, SEBI guidelines govern the transfer of unclaimed funds to SEBI's Investor Protection and Education Fund (IPEF) after seven years. 3. Investors can claim refunds of their unclaimed matured amounts by following the designated online and offline filing procedures of the respective fund. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11 and 3 only
- 22 and 3 only
- 31 and 2 only
- 41, 2 and 3✓
Correct answer
1, 2 and 3
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