Press Information Bureau

Government of India

Ministry of Corporate Affairs

20-July-2012 15:58 IST

MCA Notification on Investor Education and Protection Fund (Uploading of Information Regarding unpaid and Unclaimed Amounts Lying with Companies) Rules, 2012

The Ministry of Corporate Affairs has notified that Investor Education and Protection Fund (Uploading of information regarding unpaid and unclaimed amounts lying with companies) Rules, 2012, has mandated every company to file eForm 5INV containing the information of unclaimed and unpaid amounts as referred to in subsection (2) of section 205C of the Companies Act, 1956.

As per the notification this information is required to be filed every year within a period of 90 days after the holding of Annual General Meeting or the date on which it should have been held as per the provisions of section 166 of the Act, and every year thereafter till completion of the seven years’ period. The information is to be filed in Form 5- INV as per the above mentioned rules; and thereafter an excel sheet containing detailed investor wise details is to be filed separately. The e Form, the excel template and detailed steps are provided in the IEPF application link on the portal www.iepf.gov.in.For financial year ended on 31st March 2011, the eForm should be filed latest by 31st July 2012.

For more details the investors have been advised to visit the website www.iepf.gov.in and the Investor Education and Protection Fund (Uploading of information regarding unpaid and unclaimed amounts lying with companies) Rules, 2012.

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Mandatory filing of unclaimed and unpaid amounts requires annual submission of eForm 5INV and investor-wise details to the IEPF portal. Companies must file eForm 5INV with particulars of unpaid and unclaimed amounts and submit a separate investor-wise excel sheet on the IEPF portal. The eForm must be filed annually within 90 days after the annual general meeting or its due date and repeated each year until completion of the seven-year holding period; templates and filing steps are available on the IEPF application.