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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.

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

05 June 2023 Transfer it to investors education and protection fund (IEPF).

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

05 June 2023 Yes, it will go down.
Debit share capital and credit IEPF.


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