Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Amendment Rules, 2017 - F. No. 05/23/2016-IEPF - G.S.R. 178(E) - Companies Law
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Investor Education and Protection Fund rules establish share transfer to Authority DEMAT and a timed online refund verification process. The amendments prescribe that companies must credit shares due for transfer to the Authority's DEMAT account within thirty days, notify shareholders three months before transfer, follow prescribed procedures for depository and physical shares (including corporate action notifications and issuance of duplicate certificates), preserve records, and credit benefits (except rights issues) to the Authority. Voting rights remain frozen until claimed. Claimants apply via Form IEPF-5, companies verify within fifteen days, and the Authority refunds or credits shares after verification, disposing claims within sixty days.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Investor Education and Protection Fund rules establish share transfer to Authority DEMAT and a timed online refund verification process.
The amendments prescribe that companies must credit shares due for transfer to the Authority's DEMAT account within thirty days, notify shareholders three months before transfer, follow prescribed procedures for depository and physical shares (including corporate action notifications and issuance of duplicate certificates), preserve records, and credit benefits (except rights issues) to the Authority. Voting rights remain frozen until claimed. Claimants apply via Form IEPF-5, companies verify within fifteen days, and the Authority refunds or credits shares after verification, disposing claims within sixty days.
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