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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

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Harsh Roongta
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
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper