Exchanges must provide data on unclaimed shares

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

Try this experiment. Think of anyone who invested in shares during the 1980s or 1990s. Now search for unclaimed shares and dividends in that person’s name. There is a good chance you will discover some.

I did this search for my father, spouse, and myself. I discovered that my father had unclaimed shares, likely to be worth a couple of lakh at least. I also discovered unclaimed shares of other members of my far-flung clan, at times worth more than Rs 10 lakh. Many of my friends and colleagues have also made similar discoveries. Clearly there are a lot of unclaimed