Enquiry ROC

This query is : Resolved 
Quick Summary
This discussion addresses how a private limited company can manage shares belonging to shareholders who have been untraceable for 15 years. The recommended solution is to transfer these shares to the Investor Education and Protection Fund (IEPF). The process involves debiting the share capital account and crediting the IEPF account, which will reduce the company's share capital.

Profile Image

Profile Image

(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
Profile Image

CA R SEETHARAMAN

Profile Image

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

Sanjay Budhiraja

Profile Image

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
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
05 June 2023 Yes, it will go down.
Debit share capital and credit IEPF.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries


Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Pro Member MEHUL M. KEVATMEHUL M. KEVATPro Member yogesh koraniyogesh koraniPro Member Somnath MaitiSomnath MaitiPro Member Tanuj Kumar SharmaTanuj Kumar SharmaPro Member Super Vk ChariSuper Vk Chari
Subscribe to Pro
Join an elite circle of professionals



Answer Query



Quick Links



Browse by Category