Due date for transfer of shares to IEPF extended pending demat account opening; companies must complete prescribed formalities. Companies must transfer shares to the Investor Education and Protection Fund Authority where the seven year period is complete; for transfers completing within the period ending May 31, 2017 the due date was May 31, 2017. Because modalities for crediting shares to the Authority's demat account are being finalised and a special demat account is proposed, the transfer deadline is extended until a revised date is notified. Companies should complete all prescribed formalities and need not republish notices already issued due to this extension.
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Provisions expressly mentioned in the judgment/order text.
Due date for transfer of shares to IEPF extended pending demat account opening; companies must complete prescribed formalities.
Companies must transfer shares to the Investor Education and Protection Fund Authority where the seven year period is complete; for transfers completing within the period ending May 31, 2017 the due date was May 31, 2017. Because modalities for crediting shares to the Authority's demat account are being finalised and a special demat account is proposed, the transfer deadline is extended until a revised date is notified. Companies should complete all prescribed formalities and need not republish notices already issued due to this extension.
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