Transfer of equity shares to the Investor Education and Protection Fund (IEPF) Authority
In terms of Section 124 of the Companies Act, 2013, read with the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 and the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Amendment Rules, 2017, all unpaid or unclaimed dividends are required to be transferred by the Company to the Investor Education and Protection Fund (“IEPF”) established by the Central Government, after completion of seven (7) years. The Rules, inter alia, also contain provisions for transfer of all shares in respect of which dividend has not been paid or claimed by the shareholders of the Company for seven (7) consecutive years or more in the name of IEPF Authority.
The details of shares transferred to IEPF have also been uploaded on the website of the IEPF Authority and the same can be accessed at www.iepf.gov.in.
For details of shareholders whose shares are proposed to be transferred to IEPF and the actual shares transferred to IEPF, please click below:
List of Shareholders whose shares are identified for transfer to IEPF - FY 2014-15