July 31, 2025

Banking Laws (Amendment) Act

Banking

Revised norms for substantial interest, settlement of unclaimed amount under banking law to take effect from Aug 1

Per new law, shares with unpaid dividends and unclaimed bond dues for seven years to go into IEPF The Finance Ministry has announced August 1 as the appointed date for the implementation of provisions in the Banking Laws (Amendment) Act, 2025. These provisions relate to enhancing the threshold for substantial interest and widening the ambit

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