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of <h1>Shares Transferred to IEPF if Unclaimed for 7 Years; Companies Must Notify Shareholders 3 Months Prior</h1> Shares due for transfer to the Investor Education and Protection Fund (IEPF) are credited to the Authority's DEMAT account within 30 days. If dividends have been encashed within the last seven years, shares are exempt from transfer. Companies must notify shareholders three months before the due transfer date and publish notices in newspapers. Shares under legal restraint or pledged are not transferred. Procedures for DEMAT and physical shares differ, involving depositories and new share certificates. Voting rights on transferred shares are frozen. Companies must report transfers to the Authority and maintain records. Benefits like bonuses are credited to the DEMAT account, and shares are returned to claimants upon request.
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