Gist: The information regarding unpaid and unclaimed dividend is required to be disclosed to the Ministry and on the website of the Company yearly separately every year till the completion of the seven years’ period within 90 days after holding AGM.
Investor Education and Protection Fund (Uploading of information regarding unpaid and unclaimed amounts lying with companies) Rules, 2012.
This is to inform you that Ministry has issued Investor Education and Protection Fund (Uploading of information regarding unpaid and unclaimed amounts lying with companies) Rules, 2012. According to the said rules every company (including Non-banking Financial Companies and Residuary Non-banking Companies) is required to file the information of unclaimed and unpaid amounts as referred to in sub-section (2) of section 205C of the Companies Act, 1956.
This information is mandatorily required to be uploaded on the website of the company and on the website of the Ministry filed every year within a period of 90 days after the holding of Annual General Meeting or the date on which it should have been held as per the provisions of section 166 of the Act, and every year thereafter till completion of the seven years' period.
The information is to be filed in Form 5- INV as per the above mentioned rules. The eForm, the excel template and detailed steps are provided in the IEPF application link on the portal www.iepf.gov.in (https://www.iepf.gov.in).
For financial year ended on 31st March 2011, the information should be uploaded and the eForm should be filed latest by 31st July 2012.
The said information shall be duly verified and certified by a Chartered Accountant or a Company Secretary or a Cost Accountant in practice or by the Statutory Auditors of the Company.
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