Pursuant to the Section 124 of the Companies Act, 2013, read with Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 (‘the Rules’), all unpaid or unclaimed dividends are required to be transferred by the Company to the IEPF established by the Central Government, after the completion of seven years. Further, according to the Rules, the shares in respect of which dividend has not been paid or claimed by the shareholders for seven consecutive years or more shall also be transferred to the demat account created by the IEPF Authority in accordance with the Rules: |
"Pursuant to IEPF rules the Company will transfer the shares pertaining to financial year 2016-17 on which dividend is unclaimed for seven consecutive years. Shareholders are requested to claim the final dividend of the financial year 2016-17 and onwards by communicating to the Company or our RTA, Kfin Technologies Limited before the last date of claiming unpaid Dividend.
Shareholders may note that the shares/dividend transferred to IEPF can be claimed by making an application to the Authority in Form IEPF 5 (to be filed online) at the following link: http://iepf.gov.in/IEPF/refund.html "
(to be used by shareholders/claimants whose shares and/or dividend have been transferred by the Company to Investor Education and Protection Fund) |