Companies Must Validate IEPF Fund Transfers with MCA 21 Portal Challans by July 5, 2017, to Avoid Penalties.

The circular from the Ministry of Corporate Affairs addresses the issue of companies transferring funds to the Investor Education and Protection Fund (IEPF) using Challans not generated on the MCA 21 portal before the deadline of December 15, 2016. To resolve this, affected companies must submit Challan details to the IEPF Authority via email by May 20, 2017, with authentication from professionals. From June 5 to July 5, 2017, a service on the IEPF website will allow these companies to submit data online, receive an automated number, and file e-form IEPF-I without extra fees.