Explanation:

• The IEPF fund has been set up under the Ministry of Corporate Affairs for promotion of investor awareness and protection of investor interests.
• Unclaimed dividend, refund of application money, matured company deposits and debentures, and interest on them are moved to the IEPF fund if not claimed within seven years.
• The IEPF is monitored by a trust, which decides how the money will be utilised for specific activities of investor awareness and education.
• Once the amount is credited to the IEPF fund, an investor can’t recover the unclaimed amount. However, he can view the amount credited to the fund on the IEPF website.
• Investors can claim unpaid amounts from the company before they are credited to the IEPF account by following the procedure prescribed by the company.