Unclaimed amounts


If the dividends are transferred to the shareholders bank a/c on time, why there is an unclaimed amounts showing in several companies…

Please clarify

@Muniz.Reza : normally it is of physical shareholders who have failed to inform the change in correspondence address to company /rta ,received dividend but failed to deposit the instrument in bank , Death case where the bank account is closed but not intimated to company and also in some cases where shares are held in physical form but esc mandate has been given to company but after sometime changed address and bank etc.
it can also happen in demated shares where the shareholder has changed the bank account linked with demat but did not inform DP etc etc.

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