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(Querist)
05 June 2023 Hello All
Hope all is fine.
I have a query about transfer of shares of the shareholders who are not tracanble since 15 years.. our is pvt ltd co ..pl guide how to dispose off these shares. Can company director or any other shareholder take them in their account..
If yes then the payment should be done to whom.
Regards
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
05 June 2023 Transfer it to investors education and protection fund (IEPF).
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Sanjay Budhiraja

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Sanjay Budhiraja (Querist)
05 June 2023 This account will be under capital account... By doing so is the share capital goes down or not.. pl send the journal entries..
Regards
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
05 June 2023 Yes, it will go down.
Debit share capital and credit IEPF.
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