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MCA Notification dt. 28.02.2017 notified IEPF (Accounting, Audit, Transfer and Refund) Amendment Rules, 2017:

MCA vide Notification No. G.S.R. 178(E) on Tuesday, 28th February, 2017, has notified the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Amendment Rules, 2017 which shall come into force from 28th February, 2017.

Vide said notification Rule 2(1)(d), Rule 3 (2)(g), Rule 6, Rule 7 and Forms IEPF-3, IEPF-5 & IEPF-6 has been amended.

It has also been stated that in case any amount remains unpaid or unclaimed in Unpaid Dividend Account of the Company for the period of 7 years, and the same has been completed or being completed during the period from 7th September, 2016 to 31st May, 2017, then the due date for transfer of such shares to Investor Education and Protection Fund shall be deemed to be 31st May, 2017.

The said Rule can be accessed from the following link: MCA NotiNo.GSR178(E)_28.02.2017_IEPF(Acc,Audit,Trfr&Refund)AmndRules,2017

 

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