Shareholder -- Transfer of Shares to IEPF
Pursuant to the provisions of Section 124(6) of the Companies Act, 2013 and the Investor Education and Protection Fund (Accounting, Audit, Transfer and Refund) Rules, 2016 notified by the Ministry of Corporate Affairs (MCA) and further amendments thereto (“the Rules”), all shares in respect of which dividend has not been paid or claimed for seven consecutive years or more, shall be transferred to the Investor Education and Protection Fund (IEPF)
The unpaid or unclaimed for the Financial Year 2008-2009 has been already transferred to IEPF pursuant to the provisions of the Companies Act, 2013. Accordingly, all the shares in respect of which dividends are not paid or claimed for the last seven consecutive years, starting from the year 2008-2009 have to be transferred to IEPF
The Company has vide its letter dated December 6, 2016, communicated to the concerned shareholders whose shares are liable to be transferred to IEPF and requested them to claim unclaimed dividend
The Details of shareholders as on December 6, 2016 whose shares are liable to be transferred to IEPF by such date as may be notified by MCA are set out as below :