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Details of unclaimed dividend transferred to Unpaid Dividend Account

Pursuant to Section 124(2) of the Companies Act, 2013 (hereinafter “the Act”),  the Company shall, within a period of ninety days of making any transfer to Unpaid Dividend Account in terms of Section 124(1) of the Act, prepare a statement containing the names, their last known addresses and the unpaid dividend to be paid to each person and place it on the web-site of the Company.

Details of unclaimed dividend to be transferred to IEPF

Pursuant to Sections 124(5) of the Companies Act, 2013 read with Rules framed thereunder, the Company is required to transfer the amount of dividend remained unclaimed for a period of seven years from the date of transfer to the Investor Education and Protection Fund (IEPF).

Details of shares to be transferred to IEPF

Pursuant to Section 124(6) of the Companies Act, 2013 read with Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 as amended by Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Amendment Rules, 2017, the Company is required to transfer shares in respect of which dividend has not been paid/claimed for 7 (seven) consecutive years or more to the Demat Account of IEPF Authority.

 

 

Application to IEPF Authority for claiming unpaid dividend and shares transferred to IEPF

Click here to download the form

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