edit_content3(bullet)
The Ministry of Corporate Affairs has issued Notification No. G.S.R. 352(E) dated May 10, 2012, notifying "Investor Education and Protection Fund (Uploading of information regarding unpaid and unclaimed amounts lying with Companies) Rules, 2012". As per the Rules, the Companies are required to identify and upload the details of unclaimed amount, if any, as per Section 205C (2) of the Companies Act, 1956 ('the Act') on their website. Accordingly the details of unclaimed amount are given below.
In the Initial Public Offer (IPO) by the Company in 2007, the equity shares were allotted as per the allotment criteria and the excess application money was refunded by issuing refund orders. However, the investors who have not yet claimed their money, are requested to claim the same, as pursuant to Section 205C of the Act, the balance in the said Account will be transferred to IEPF, if the same remains unclaimed for a period of seven years and thereafter no claim shall lie in respect thereof with the Company. Accordingly detailed information is provided below for the benefit of investors:
Details of Investor's Unpaid/Unclaimed IPO Refund AccountThe Dividend declared and distributed by the Company to its shareholders which remains unclaimed gets accumulated with the Company. As per Section 205C of the Act, requires the Company to transfer dividend that has not been claimed for a period of seven years from the unpaid dividend account to the Investor Education and Protection Fund (IEPF). The shareholders who have not claimed their dividend are advised to do the same as once unclaimed dividend is transferred to IEPF, no claim shall lie in respect thereof with the Company. Accordingly, the detailed information is provided for the benefit of our Shareholders: