Claim of refund of shares already transferred to Fund
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Juhee Goyal /
Published on :
24-Mar-2023 04:37 AM /
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363 /
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Hi Professionals!
Can a person whose shares, unclaimed dividend, etc. has been transferred to the Fund, claim the shares or apply for refund ?
Read more on : transferred fund already shares refund claim
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Posted By : Juhee Goyal /
Published on :
22-Aug-2023 05:29 AM /
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312 /
Comments : 2
Hello Everyone!
Whether the concept of Alternate Director also applicable in case of Foreign Director as he is already residing outside India ?
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Posted By : Juhee Goyal /
Published on :
22-Aug-2023 05:26 AM /
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358 /
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Hi Folks!
In case of appointment of Alternate Director, whether the Master Data of the Company reflects the Original Director too ?
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Posted By : Juhee Goyal /
Published on :
15-Jul-2023 04:55 AM /
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329 /
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Hi Everyone!
In what circumstances, special notice is required for the appointment of person other than the retiring auditor ?
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Posted By : Juhee Goyal /
Published on :
14-Jul-2023 05:05 AM /
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293 /
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Hi Everyone!
What is the offer period of private placement offer cum application letter in case shares are issued on private placement basis ?
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Posted By : Juhee Goyal /
Published on :
13-Jul-2023 05:56 AM /
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483 /
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Hi Everyone!
Is it possible to file the Unaudited Financial Statements of a Company, if yes, whether there is any option to file the Audited Financial Statements after filing of Unaudited Financials ?
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Posted By : Juhee Goyal /
Published on :
12-Jul-2023 05:07 AM /
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308 /
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Hi Everyone!
If an individual does not hold majority stake in the member company of the reporting company, whether filing of BEN-2 is applicable or not?
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Posted By : Juhee Goyal /
Published on :
28-Jun-2023 08:39 AM /
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328 /
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Hi Everyone!
Are there any restrictions or limitations on the number of foreign directors in an Indian Company ?
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Posted By : Juhee Goyal /
Published on :
27-Jun-2023 04:13 AM /
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258 /
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Hi Folks!
Whether, any assets or liabilities for Indian party (i.e. domestic assets and liabilities) are to be included in the FLA return?
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Yes, a person whose shares or unclaimed dividends have been transferred to the Investor Education and Protection Fund (IEPF) can claim the shares or apply for a refund under certain circumstances.
The Companies Act, 2013 mandates that companies transfer shares and unclaimed dividends to the IEPF if they remain unclaimed for seven years. However, the shareholder or investor can claim their shares or apply for a refund by filing an application with the IEPF authority. The IEPF authority will verify the claim and release the shares or refund the amount, if the claim is found to be valid.
To claim the shares or apply for a refund, the shareholder or investor must follow the process and timelines prescribed by the IEPF authority. The process may involve submitting various documents and forms, such as the IEPF-5 form, identity proof, address proof, and other relevant documents.
It is important to note that the right to claim shares or apply for a refund is available only to the rightful owner of the shares or unclaimed dividend, and not to any other person. Therefore, the claimant must provide sufficient proof of ownership and comply with the prescribed process and timelines to ensure a smooth and successful claim process.