As ₹500 crore of unclaimed wealth piles up, Sebi streamlines a returns process
Source: Live Mint The markets regulator has now proposed guidelines to ensure that such unclaimed assets are not misused and returned to investors at the earliest. In a consultation paper, Sebi has outlined a process involving brokers and stock exchanges. Here is how this will work. Defining ‘unclaimed’ If unutilized funds or securities cannot be…