The amount remaining unpaid along with interest accrued thereon for 7 years shall be transferred to Investor Education and Protection Fund.
Section 125(3) provides the fund shall be utilized for the following:-
- The refund in respect of unclaimed dividends, matured deposits, matured debentures, the application money due for refund and interest thereon.
- Promotion of investor's education, awareness and protection.
- Reimbursement of legal expenses incurred in the pursuing class action suits against sections 37 and 245 by members, debenture holders or depositors as may be sanctioned by the tribunal.
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