banner_ad

Iepf - due date of transfer

Others 1856 views 1 replies

Dear Members,

We are in the process of transferring the unpaid and unclaimed Dividend amount of 2004-05.

 

The AGM was held on 30th September, 2005, accordingly teh dividend becomes unpaid on 30th oct, 2005 (30 days of declaration) and we transfereed the unclaiemd amount on 31st oct 2005, the next day itself as the account was opened in the same bank.

 

Now the 7 years from the date of transfer to unpaid divident amount comes to 31st october, 2012. And the unpaid dividend amount to be transferred to IEPF is Within 30 days of becoming due for the transfer i.e within 30th November, 2012.

 

Today is 5th November, 2012. So can we transfer the unpaid amount to IEPF by tommorow?

 

Please guide

 

Replies (1)

Section 205A(5) of the Act reads as under:

"Any money transferred to the unpaid dividend account of a company in pursuance of this section which remains unpaid or unclaimed for a period of seven years from the date of such transfer shall be transferred by the company to the Fund established under sub-section (1) of section 205C."

Hence due date for transfer to the Fund in your case was 31.10.2012.

 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details