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of <h1>MCA Amends IEPF Rules: Companies Must Transfer Shares to IEPF DEMAT Account Within 30 Days u/s 90(9.</h1> The Ministry of Corporate Affairs amended the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016, effective June 9, 2021. The amendments specify procedures for transferring shares to the Investor Education and Protection Fund (IEPF) under section 90(9) of the Companies Act, 2013. Companies must transfer shares to a DEMAT account of the IEPF Authority within 30 days, following specific procedures for both dematerialized and physical shares. Voting rights on transferred shares are frozen, and all benefits, except rights issues, are credited to the IEPF. Companies must report transfers and maintain records, with compliance monitored by the Authority.
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