Transfer of funds to iepf account
This query is : Resolved
05 November 2013
Hi,
After the completion of 7 years the unclaimed/unpaid amount of application money received by the Company is required to be transferred to IEPF account.
In the Rules and FAQ given on https://www.iepf.gov.in/ it is mentioned that the said amount is to be deposited in specified branch of Punjab National Bank. I am unable to trace the branch details and other procedures required for the above said transfer.
Secondly Company completed its 7 years timeframe this year, Do I need to upload form 5INV this time also?
After the completion of 7 years the unclaimed/unpaid amount of application money received by the Company is required to be transferred to IEPF account.
In the Rules and FAQ given on https://www.iepf.gov.in/ it is mentioned that the said amount is to be deposited in specified branch of Punjab National Bank. I am unable to trace the branch details and other procedures required for the above said transfer.
Secondly Company completed its 7 years timeframe this year, Do I need to upload form 5INV this time also?
06 November 2013
Please visit https://www.mca.gov.in/MCA21/dca/banks/banks_new.html
for the list of designated branches of PNB among others.
If the 7 year tenure ,from the due date, falls in this year, 5INV has to be uploaded.
for the list of designated branches of PNB among others.
If the 7 year tenure ,from the due date, falls in this year, 5INV has to be uploaded.
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06 November 2013
Thanks for the reply. If you could also provide me the checklist or the procedure for such transfer as the FAQ does not contain such details
06 November 2013
Please see https://www.iepf.gov.in/IEPF/services.html
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