|
| Exchange Received Time 15/12/2017 17:25:02 Exchange Disseminated Time 15/12/2017 17:25:08 Time Taken 00:00:06 | In terms of Section 124 (6) of the Companies Act, 2013 read with Rule 6 of the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016, the Company is required to transfer all Equity Shares in respect of which, dividend has not been claimed in 7 (seven) consecutive years or more, to the demat account of IEPF Authority.
Vide Circular No.12/2017 dated 16th October, 2017, Ministry of Corporate Affairs has advised that the due date for transfer of such shares by companies is 31st October, 2017. In compliance whereof, the Company has since transferred shares in respect of which dividend declared by the Company for the FY 2008-09 (Final) has remain unclaimed/unpaid, to demat account of IEPF Authority by way of Corporate Actions executed by NSDL & CDSL.
|
|
|