treatment of Unpaid public deposits and Debenture Interest

This query is : Resolved

Pawan Verma (Querist)
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08 March 2010 Kindly let me know the treatment for Unpaid Matured deposit and Debentures(Including interest).

When should they be transferred to Investor Education and Protection Fund?

Rasesh

Rasesh (Expert)
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09 March 2010 Within 30 days of the completion of 7 years from the due date, the amounts have to be transferred to the IEPF.

Till, then the amounts have to be shown under the head current liabilities, sub-heading: Investor Education and Protection Fund. details: Unclaimed Debentures / interest on debentures.