Claim on shares transferred to Investor Education and Protection Fund under section 124 (6) of the Companies Act, 2013

    Posted By : Ekta / Published on : 04-Apr-2019 04:49 AM / View : 55 / Comment : 1
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    As per section 124(6) all the shares in respect of which unpaid or unclaimed dividend has been transferred to Investor Education and Protection Fund shall also be transferred by the company to Investor Education and Protection Fund. Whether a shareholder can claim back the shares and whether he can attend a general meeting and give vote thereat.
    Read more on : under section companies fund protection shares transferred investor education

    • Any person whose shares, unclaimed dividend, matured deposits, matured debentures, application money due for refund, or interest thereon, sale proceeds of fractional shares, redemption proceeds of preference shares etc., has been transferred to the Fund, may claim the shares under proviso to sub-section (6) of section 124 or apply for refund under clause (a) of sub-section (3) of section 125 or under proviso to sub-section (3) of section 125, as the case may be, to the Authority by submitting an online application in Form IEPF-5 available on the website www.iepf.gov.in along with fee specified by the Authority from time to time in consultation with the Central Government.

      09-04-2019 / 05:06:00 AM
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