<?xml version="1.0" encoding="UTF-8"?>
<?xml-stylesheet type="text/xsl" href="https://www.taxtmi.com/rss_sitemap/rss_feed_blog.xsl?v=1750492856"?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
  <channel>
    <title>Transfer of Shares to IEPF Authority</title>
    <link>https://www.taxtmi.com/circulars?id=56326</link>
    <description>Companies must transfer shares subject to unpaid/unclaimed dividends whose seven year period completed between September 7, 2016 and October 31, 2017 to the IEPF Authority&#039;s designated demat accounts by way of corporate action, supplying prescribed shareholder information to the respective depository. Any cash benefits arising from those transferred shares (such as dividends, delisting proceeds, or winding up entitlements) shall be remitted to the Authority&#039;s linked bank account with Punjab National Bank, and no other amounts shall be transferred to that account.</description>
    <language>en-us</language>
    <pubDate>Mon, 16 Oct 2017 00:00:00 +0530</pubDate>
    <lastBuildDate>Mon, 16 Oct 2017 18:08:00 +0530</lastBuildDate>
    <generator>TaxTMI RSS Generator</generator>
    <atom:link href="https://www.taxtmi.com/rss_feed_blog?id=492804" rel="self" type="application/rss+xml"/>
    <item>
      <title>Transfer of Shares to IEPF Authority</title>
      <link>https://www.taxtmi.com/circulars?id=56326</link>
      <description>Companies must transfer shares subject to unpaid/unclaimed dividends whose seven year period completed between September 7, 2016 and October 31, 2017 to the IEPF Authority&#039;s designated demat accounts by way of corporate action, supplying prescribed shareholder information to the respective depository. Any cash benefits arising from those transferred shares (such as dividends, delisting proceeds, or winding up entitlements) shall be remitted to the Authority&#039;s linked bank account with Punjab National Bank, and no other amounts shall be transferred to that account.</description>
      <category>Circulars</category>
      <law>Companies Law</law>
      <pubDate>Mon, 16 Oct 2017 00:00:00 +0530</pubDate>
      <guid isPermaLink="true">https://www.taxtmi.com/circulars?id=56326</guid>
    </item>
  </channel>
</rss>