TMI BlogTransfer of Shares to IEPF AuthorityX X X X Extracts X X X X X X X X Extracts X X X X ..... ned Companies All Regional Directors and Registrar of Companies MD CEO NSDL MD CEO CDSL Subject: Transfer of Shares to IEPF Authority Pursuant to second proviso to Rule 6 of Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 as amended time to time, wherein the seven years period provided under sub-section (5) of section ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... perations using paperless, digital processes and facilitate record keeping of shares transferred to the IEPF Authority to meet the requirements of the Rules. 4. All companies which are required to transfer shares to 'EPF Authority under the aforesaid Rules, shall transfer such shares, whether held in dematerialised form or physical form, to the demat accounts of IEPF Authority by way of co ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e than those finalized in the MOU NSDL and CDSL are required to allow the services with immediate effect. 6. Any cash benefit accruing on account of shares transferred to IEPF such as dividend, proceeds realised on account of delisting of equity shares of the company, amount entitled on behalf of security holder if the company is being wound up as per Rule 6, sub-rule (10), (11) and (12) of ..... X X X X Extracts X X X X X X X X Extracts X X X X
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