Pursuant to Section 124(5) of the Companies Act, 2013, any dividend that remains unclaimed / unpaid for a period of seven (7) years then the Company is required to transfer such amount to Investor Education and Protection Fund Authority.
Pursuant to Section 124(6) read with Rule 6 of the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016, as amended from time to time, wherein the dividend is unclaimed / unpaid for seven (7) consecutive years, then the shares are identified for being transferred to Investor Education and Protection Fund Authority. To claim the unpaid / unclaimed dividend and shares from the IEPF, the claimant has to submit an on line Form IEPF 5. The instructions kit and the Form IEPF 5 is available on the website of IEFP and can be accessed at www.iepf.gov.in
- The details of the unpaid / unclaimed dividend and shares has to be obtained by the shareholder / claimant from the Company and / or Registrar & Transfer Agent prior to submission of Form IEPF 5 as these details form part of submission.
- The shareholder / claimant has to register herself / himself for filing the web IEPF 5 Form on the IEPF portal at www.iepf.gov.in
- FORMAT FOR INDEMNITY
- FORMAT FOR ADVANCE RECEIPT