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Procedure for Claiming Shares / Dividend

Procedure for Claiming Shares / Dividend
Pursuant to the provision of Section 124 of the Companies Act, 2013 and the Investor Education and Protection Fund (Accounting, Audit, Transfer and Refund) Rules, 2016 (the Rules), as amended from time to time, all the share(s) in respect of which dividend has not been paid or claimed for seven consecutive years and the dividend declared for Financial Year 2016-17, which remains unpaid or unclaimed for a period of seven years shall be liable to be transferred to Investor Education and Protection Fund (IEPF) Authority, after November 2, 2024, within due date.

Shareholders are requested to claim their share(s) and/or unpaid / unclaimed dividend, as stated above by making an application in the “Application cum Undertaking”, on or before November 2, 2024 and send it to KFin Technologies Limited, Registrar and Transfer Agent (RTA) failing which the same shall be transferred to the IEPF Authority without any further notice.
We give below the link to get the Application cum Undertaking to claim the share(s) and/or unpaid / unclaimed dividend:
IEPF Letter & Application cum Undertaking 2024
Procedure for Claiming Shares / Dividend from IEPF
We would like to inform you that in accordance with the requirements as set out in the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 ("the Rules") as amended, the Shares in respect of dividend declared for the Financial Year 2009-10 which remained unclaimed for seven consecutive years were transferred to Investor Education and Protection Fund (IEPF). Shareholders who desire to claim transferred shares from IEPF Authority, are required to follow the procedure as outlined in Rule 7 of Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016.
We give below the link to get the desired forms to claim the refund.
http://iepf.gov.in/IEPFA/refund.html
1. Access the Ministry of Corporate Affairs (MCA) websiteMinistry of Corporate Affairs (MCA) website.
2 Complete and submit e-form IEPF-5 through the website.
3 Register or log in via the Sign In/Sign Up tab to access MCA services, such as uploading e-forms and making payments.
4 After logging in, go to MCA Services > Company e-Filing > IEPF Services > IEPF-5 Web Form -Claiming Unpaid Amounts and Shares.
5 Carefully read the instructions on the website or the form’s instruction kit before filling out the e-form.
6 Fill out the form, save it on your computer, and upload it following the instructions provided. Note the Service Request Number (SRN) from the acknowledgment generated after submission.
7 Print the duly filled form and the acknowledgment receipt.
8 Physically dispatch indemnity bond in original, copy of acknowledgement and self-attested copy of e-form IEPF-5 along with the other documents as mentioned in the e-form IEPF-5 to Nodal Officer (IEPF) of the Company/ Kfin Technologies Limited, Registrar Transfer Agent in an envelope marked "Claim for refund from IEPF Authority".
9 Update postal receipt details on the MCA dashboard to complete the submission of e-form IEPF-5. Please note that your claim (IEPF-5) shall be forwarded to the Company for e-verification upon submission of postal receipt details only.
10 The aforementioned documents submitted by the Claimant will be verified by the Company and on the basis of Company's verification report, the Authority shall either approve, reject or request for re-submission of any document:

In case the claim is approved:
  • In case of request for the Dividend amount, the same shall be credited to the claimants' Aadhaar linked bank account through electronic transfer and
  • In case of request for credit of shares, the shares shall be credited to the claimant’s Demat account.
In case the claim is sent for re-submission:
  • The claimant should provide revised/required documents to the Nodal Officer;
  • On receipt of the revised documents, Nodal Officer shall file the revised verification report to IEPF Authority for settlement of the claim.
In case the claim is rejected:
  • The claimant to follow the Step 1-9 stated above.
For more details, you may refer the manual available on the website of IEPF.