IEPF Authority

A publicly available transparent database would increase the chances of genuine claimants finding out and making their claims, thus reducing the chances of fraudulent claims

Less than 2% of such shares with IEPF make their way back to investors, shows data before Lok Sabha

The stock exchanges should aggregate data on unclaimed shares and dividends from all listed companies, and provide it on their websites with easy-to-use search functionality

An SBO is a person holding a beneficial interest of at least 10 per cent whether acting alone, together or through one or more individuals or trust, in a company

The IEPF Authority has found that many companies are sitting on such amounts and not transferring them to the Fund even after the time limit lapses.

Corporate Affairs Secretary Injeti Srinivas said the IEPF Authority, which is a new body, is facing many challenges