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TMI BlogInvestor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Second Amendment Rules, 2017X X X X Extracts X X X X X X X X Extracts X X X X ..... , (2), (3), (4), (8), (9), (10) and (11) of section 125, sub-section (6) of section 124 read with section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016, namely:- 1. (1) These rules may be called the Investor Education and ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... viso shall be inserted, namely:- "Provided further that transfer of shares by the companies to the Fund shall be deemed to be transmission of shares and the procedure to be followed for transmission of shares shall be followed by the companies while transferring the shares to the fund." (II) in sub-rule(3), for clause (d), the following clause shall be substituted, namely;- '(d) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... pany shall inform the depository by way of corporate action to convert the share certificates into DEMAT form and transfer in favour of the Authority. ' , (III) after sub-rule (12), the following sub-rules shall be inserted, namely:- '(13) Any amount required to be credited by the companies to the Fund as provided under sub-rules (10), (11) and sub-rule (12) shall be remitted into the s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... dal Officer and his e-mail ID on its website."; (b) after sub-rule (3), the following proviso shall be inserted, namely:- "Provided that in case of non receipt of documents by the Authority after the expiry of ninety days from the date of filing of Form IEPF-5, the Authority may reject Form IEPF5, after giving an opportunity to the claimant to furnish response within a period of thir ..... X X X X Extracts X X X X X X X X Extracts X X X X
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