Shareholder -- Transfer of Shares to IEPF
Pursuant to provisions of Section 124(6) of the Companies Act, 2013 (Act) read with the Investor
Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016
(IEPF Rules) which requires the Company to transfer the shares for which dividend has not been
claimed for 7 (seven) consecutive years to the Investor Education and Protection Fund (IEPF), a
Fund constituted by the Government of India under Section 125 of the Companies Act, 2013
The Company has been sending reminder letters to the shareholders with a request to claim their
outstanding dividend amount. Details of such unclaimed dividend are also uploaded annually on
the website of the Company at
http://www.iimlindia.com/unclaimed_dividend.aspx
Please note, in case, the outstanding dividend amounts are not claimed, the underlying shares
held in the accounts of the Shareholder(s) (either in Electronic / Physical mode) will to be
transferred to DEMAT Account of IEPF without further notice to the Shareholders
In order to comply with the requirements following procedure stipulated in the Rules will be
implemented :
- In case the Shareholder holds shares in physical form: Duplicate share certificate(s)
will be issued and transferred to the IEPF Demat Account. The original share
certificate(s) which stand registered in the name of the Shareholder and is/are held by
the Shareholder will stand automatically cancelled and be deemed non-negotiable
- In case the Shareholder holds shares in electronic form: Necessary corporate action
shall be initiated by the Company for transfer of shares to DEMAT Account of IEPF as per
the rules
Please note that no claim shall lie against the Company in respect of unclaimed dividend amount
and shares transferred to the IEPF Authority pursuant to the said Rules. Further any corporate
benefit, including dividend, arising out of such shares shall be credited in favour of the
IEPF
Upon transfer of shares to the IEPF, Shareholders can only claim the shares from the IEPF by following the below mentioned procedure:
- Claimant needs to get registered on https://www.mca.gov.in/ to file Form IEPF-5 web-form;
- Make an online application in Form IEPF-5;
- Send a copy of the online application duly signed by him/her alongwith all documents mentioned in Form IEPF-5 for verification of his/her claim to the Nodal Officer at : IL&FS Investment Managers Limited, The IL&FS Financial Centre, Plot No C-22, G Block, Bandra Kurla Complex, Bandra East, Mumbai 400 051;
- After filing IEPF-5 web-form, postal receipt has to be updated for the SRN under "Pending for Action Tab". Claimants may send the email received for filing SRN as Acknowledgement to Companies. After update of Postal receipt, they will be able to access updates on SRN through "Under Processing Tab";
- The Company shall, upon the receipt of the claim form, file an online verification report to the IEPF Authority;
- On filing of approved verification report, the IEPF Authority shall release the shares/dividend directly to the claimant
Shareholders are requested to refer to "Help & FAQs" and "Services" sections available at :
https://www.iepf.gov.in/
In case of any further information/clarification, please contact at :
or
The Company's Registrar and Share Transfer Agents :
M/s Link Intime India Private Limited,
Unit - IL&FS Investment Managers Limited,
C-101, 247 Park, L B S Marg, Vikhroli (West),
Mumbai 400 083
Tel. No.:
+91-8108116767 Fax No.: +91-22-49186060
E-Mail:
iepf.shares@linkintime.co.in