THE ROLES AND POWERS OF THE REGISTRAR OF UNCLAIMED MONEYS

The Registrar is responsible for carrying out the obligations and functions vested under Part II of the Unclaimed Moneys Act 1965 as follows:

1. As a trustee of the unclaimed moneys lodged by the company/firm.




2. To refund the unclaimed moneys to claimants who provide the proof that he has the legal right over the money.




3. To inspect the Company/firm’s books, registers, records and documents to ensure compliance with the provisions of the Act.




4. To suggest the imposition of compound and penalty on company/firm that has failed to comply with the provision of the Act.