The Board, on March 28, 2018, decided that except in case of transmission or transposition of securities, requests for effecting transfer of securities shall not be processed unless the securities are held in dematerialized form with a depository. This measure shall come into effect from April 01, 2019. Subsequently, SEBI has received representations from shareholders […]
The amendment, the officials said, would centralise and smoothen the process of share transfer, besides addressing the problem of unclaimed dividends, which currently stand at Rs 2,000 crore The Ministry of Corporate Affairs (MCA) is pushing for an amendment to the Companies Act to shift the task of transferring shares from companies to the government. […]
According to the recent law “any money as dividend can’t be claimed by investor within 7 year and 37 days from the date of its declaration of dividend, it shall be transferred by the company along with interest accrued, if there is any, thereon to Investor education and protection fund. It must be known to you all […]
There is no doubt that process of claiming investment back from IEPF is effort taking long legal process Thant needs many steps form filing to serious continuous follow-ups with authorities. But you must be in mind peace with the fact that at least your investment is safe with IEPF; Government rather than being victimised with […]
The Investor Education and Protection fund has been established for the promotion of awareness and protection of the investments and interests of the investors. Shareholders need to know that there are procedural forms that you need to fill out in order to carry out certain functions such as to recover unclaimed shares with regards to […]
SEBI has issued new guidelines for the transfer of physical shares which will go a long way in streamlining the process for the investors to transfer their holdings in physical shares. CIRCULAR SEBI/HO/MIRSD/DOS3/CIR/P/2018/139 dated November 6, 2018 Subject: Standardised norms for transfer of securities in physical mode 1. Vide Regulation 40 and Schedule VII of Securities […]
Ministry of Corporate Affairs came out with Investor Education and Protection Fund Rules, 2017. As per the provisions in these rules, any amount transferred to the Unpaid Dividend Account of the company pursuant to Section 124(1) of the Companies Act. 2013, which is unpaid or unclaimed for more than 7 years from the date of […]
The Ministry of Corporate Affairs through its notification [1] No. 7/5/2017-IEPFA, dated July 19, 2018 has revised and updated the guidelines for the companies in order to facilitate the refund of the claims by IEPF authority considering the resubmission options available in the form IEPF-5. Let’s have a detailed look at the updated procedure to […]
As we all are aware MCA has set Investor Education and Protection Fund Authority Rules 2017. According to these rules any money as dividend not claimed by the investor within 7 years and 37 days from the declaration date of the dividend along with the interest accumulated, if any will be transferred by the company […]
The full form of IEPF is Investor Education and Protection Fund. It is an initiative by the Government’s Ministry of Corporate Affairs to promote investor awareness and protection of their interests in the money market. To elaborate, the fund is entrusted to protect the interest of the investors who have put their money in securities […]