Part – 2 Unclaimed Dividend
Details of dividend transferred to IEPF
Pursuant to Section 124 & 125 of the Companies Act, 2013 and Section 205A & 205C of the Companies Act, 1956 (effective till 6th September 2016), the amount of dividend remaining unclaimed or unpaid for a period of seven years shall be transferred to the Investor Education and Protection Fund.
For details of unpaid/unclaimed dividend as at 3rd August 2018, click here
Claiming shares/dividend from the Investor Education and Protection Fund Authority (IEPF)
Pursuant to the provisions of Section 124(6) of the Companies Act, 2013, the Company is required to transfer shares in respect of which dividend has not been paid or claimed for seven consecutive years or more. Accordingly, the Company in compliance with the said provision has transferred shares after issuing the requisite notice to the shareholders concerned and on publication of a notice in this regard in leading dailies.
For Investor-wise details of shares transferred, click Shares due for transfer to IEPF Suspense Account.
Any person, whose unclaimed/unpaid dividend amount or shares has been transferred to IEPF may claim their refunds to the IEPF authority. For claiming such amounts, claimant needs to file form IEPF-5 along with requisite documents prescribed by the IEPF Authority.
A claimant needs to download form IEPF-5 from the website of IEPF Authority (http://www.iepf.gov.in) for filing the claim (for shares and/or dividend). Kindly read the instructions given in the help-kit carefully before filling the form.
After carefully filling information in form IEPF-5 and attaching necessary documents, as prescribed in the said form, the form shall be saved on computer and filed electronically, free of cost, with IEPF Authority by uploading the same on the link: http://www.mca.gov. in/mcafoportal/showEformUpload.do. On successful uploading, an acknowledgement will be generated indicating the Service Request Number (SRN). The said SRN shall be used for future tracking of the form. After successfully filing/uploading, form IEPF-5 and the acknowledgement issued shall be printed.
Shareholders may note that as per the IEPF Authority (Accounting, Audit, Transfer & Refund) Rules, 2016 a claimant shall be able to file only one consolidated claim in a financial year. Hence, shareholders are requested to contact the Investor Services section of the Company or Karvy Fintech Private Limited for any clarification pertaining to Form IEPF-5.
- Claimant is required to submit indemnity bond in original (in the format prescribed by IEPF Authority, on a non judicial stamp paper of the appropriate value, as prescribed under the applicable Stamp Act, according to the state in which it is executed), advance receipt in original in the format prescribed by IEPF Authority, copy of acknowledgement and self-attested copy of e-form IEPF-5 along with the other documents as mentioned in the said e-form to Nodal Officer (IEPF) of the Company at its registered office in an envelope marked “Claim for refund from IEPF Authority”
Nodal Officer for IEPF
Ms. Rekha Surendhiran, Company Secretary
Carborundum Universal Limited,
Parry House, No. 43, Moore Street,
Chennai – 600 001
Contact: 044 – 3000 6166/42
E-mail: email@example.com and firstname.lastname@example.org
- The Company shall on receipt of the documents within 15 days send a verification report to the EIPF Authority with all the documents submitted by the claimant.
After verification of the entitlement of the claimant in respect of shares and/or dividend, the IEPF Authority will refund the shares and/or dividend to the claimant.
Points to note:
- Mentioning demat account and the bank account number in Form IEPF-5 is mandatory.
- Refund of shares will be done by IEPF only in electronic mode i.e. to the demat account furnished by the claimant