Compliance made easy: NSDL’s IEPF service for unclaimed dividends

NSDL's IEPF service ensures compliance with Section 124 of the Companies Act 2013, which makes it mandatory for companies to transfer unpaid or unclaimed dividends to the IEPF account after seven years. 

• The IEPF( Investor Education and Protection Fund) is utilised to support conferences and investor awareness initiatives, with the aim of creating a community of informed and protected investors. 
• NSDL's standardised approach ensures accurate and efficient management of unclaimed dividends, facilitating their transfer to the IEPF.  It involves CA executions and specific formats (Format A for holding shares in NSDL, Format B for CDSL, and Format C for physical holdings).  This service not only ensures regulatory compliance but also promotes investor education.