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 […]