Agency: The Royal Securities Exchange of Bhutan (RSEB) has commenced the disbursement of Nu. 87.4 million in unclaimed funds to rightful shareholders.
This includes Nu. 77.5 million in unclaimed dividends from 14 listed companies and Nu. 9.9 million in unclaimed share proceeds from five delisted companies.
The disbursement follows the enforcement of the Investor Protection Fund (IPF) Regulations, 2024, implemented by the Corporate Regulatory Authority (CRA).
The regulation, which came into effect on January 10, 2025, aims to enhance investor protection through the transparent and efficient management of unclaimed dividends, share proceeds, and surplus funds in Bhutan’s capital market.
Under Section 11 of the IPF Regulation, the RSEB is mandated to manage and administer the Unclaimed Fund. As stipulated, listed companies must transfer any unclaimed dividends or share proceeds to a designated Unclaimed Fund Account if not claimed within three months from the due date.
“This responsibility has been undertaken to protect shareholders and reinforce public confidence in Bhutan’s capital market,” said RSEB spokesperson Dawa Drakpa.
To support this initiative, RSEB has deployed a dedicated team to verify shareholder records and facilitate disbursements. Once shareholder identities are confirmed, payments are made promptly.
To streamline the process, RSEB recently launched the Unclaimed Dividend System, an online platform enabling shareholders to check and claim their entitlements using their Citizen Identity Card (CID) number.
Since its launch, the platform has enabled the disbursement of approximately Nu. 2.1 million to verified shareholders within just a few days.