Investor Education and Protection FundAuthority (Accounting, Audit, Transfer and Refund)Second Amendment Rules, 2019 - F. No. 05/02/2019-IEPF - G.S.R. 571(E) - Companies Law
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Investor Education and Protection Fund amendments tighten transfer, reporting and claim verification requirements and nodal officer obligations. The amendment mandates online remittance of amounts to the Investor Education and Protection Fund with Form IEPF-1 within thirty days, requires companies to submit legacy transfers via Form IEPF-1A within sixty days, and to identify and publish unclaimed amounts for the prior seven years via Form IEPF-2. Companies must transfer shares to the Fund (including transfers up to 7 September 2016), notify such transfers in Form IEPF-4, credit benefits on transferred shares to the Fund DEMAT account, appoint a Nodal Officer responsible for claim verification, and submit e-verification reports and certified documents to the Authority within specified timelines; fraudulent claims attract penal consequences.
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Provisions expressly mentioned in the judgment/order text.
Investor Education and Protection Fund amendments tighten transfer, reporting and claim verification requirements and nodal officer obligations.
The amendment mandates online remittance of amounts to the Investor Education and Protection Fund with Form IEPF-1 within thirty days, requires companies to submit legacy transfers via Form IEPF-1A within sixty days, and to identify and publish unclaimed amounts for the prior seven years via Form IEPF-2. Companies must transfer shares to the Fund (including transfers up to 7 September 2016), notify such transfers in Form IEPF-4, credit benefits on transferred shares to the Fund DEMAT account, appoint a Nodal Officer responsible for claim verification, and submit e-verification reports and certified documents to the Authority within specified timelines; fraudulent claims attract penal consequences.
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