Please throw some light on the recent circular of mandating filing of Form-5INV by MCA???
SANTOSH SHAH
(Company Secretary)
(754 Points)
Replied 23 May 2012
| Originally posted by : Priyanka | ||
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Please throw some light on the recent circular of mandating filing of Form-5INV by MCA??? |
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Hi Priyanka
Every company who has declared dividend, and amount if any unclaimed so far, company needs to identify such amounts and upload the details with MCA vide Form 5 INV / Respective Companies website.
As per my understanding, This has to be done year on year ( within 90 days of AGM)
For FY ending 31.03.2011, last date is 31.07.2012.
Also the details of the same has to be uploaded in IEPF Website ( in an Excel Template)
regards
Santosh Shah
ashisha
(Practising CA)
(261 Points)
Replied 24 May 2012
is the said form required to be filed by those companies which haven't declared any dividends and no such amount is pending in the fund?
Ankur Garg
(Company Secretary and Compliance Officer)
(114773 Points)
Replied 24 May 2012
Visit the link below for detailed info:
Investor education and protection fund- yearly disclosure
Form 5 INV is not required to be filed by companies having no unpaid or unclamied dividend.
The companies having unpaid and unclaimed dividend amount in IEPF required to comply with these rules and file form 5 INV.
Regards
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