Posted By : ARUN GANDHI
/ Published on :
29-Jul-2022 05:52 AM / View :
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As per the first proviso of rule 6(1) of the Investor Education and
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Protection Fund Authority (Accounting, Audit, Transfer, and Refund)
Rules, 2016 where the beneficial owner has encashed any dividend
warrants during the last seven years, his or her shares are not liable
to be transferred to the fund.
In this case, if any shareholder encashes any dividend warrants after the expiry of said seven years, would his shares be liable to be transferred to IEPF or not?
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