Unpaid and Unclaimed Dividend
Transfer of Unclaimed Dividend to Investor Education and Protection Fund
Pursuant to Section 124(5) of the Companies Act, 2013 read with Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 (‘IEPF Rules’), amended from time to time, dividend amount transferred to the Unpaid Dividend Account of the Bank which remains unpaid or unclaimed for a period of seven years from the date of such transfer are required to be transferred to the Investor Education and Protection Fund (“IEPF”) established by the Central Government.
The unpaid and unclaimed divided as per the details provide herein above can be claimed by the Shareholders by contacting Karvy Fintech Pvt. Ltd., Registrar & Transfer Agent (Phone: 040-6716 2222 and Email Id firstname.lastname@example.org) or Mr. Shivanand R. Shettigar, Nodal Officer of the Bank on Email Id: email@example.com
Transfer of unclaimed Equity Shares to Investor Education and Protection Fund
In terms of Section 124(6) of the Companies Act, 2013 read with IEPF Rules, amended from time to time, all the shares in respect of which dividends have been unpaid or unclaimed for seven consecutive years or more are required to be transferred to IEPF Account established by the Central Government.
The process for claiming the unpaid/ unclaimed divided and shares transferred to IEPF Authority has been provided on the website of Ministry of Corporate Affairs www.mca.gov.in
In terms of the IEPF Rules, companies have to identify and upload details of unclaimed dividend and shares on their website. Accordingly, the detailed information in respect of transfer of unpaid/ unclaimed and unclaimed dividend and shares transferred to IEPF Account for the relevant financial years is provided for the benefit of the Shareholders:
Nodal Officer for the purpose of (IEPF)
Name of the Nodal Officer: Shivanand R. Shettigar
Email id: firstname.lastname@example.org
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