Transfer of shares to IEPF
 

Notifications and circulars

IEPF Notification dated 28.02.2017
IEPF Notification dated 05.09.2016

2016-17

Pursuant to the provisions of Section 124(6) of the Companies Act, 2013 read with the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016, including the statutory modification(s) or re-enactment(s) thereof, for the time being in force ("IEPF Rules, 2016"), equity shares of the Company in respect of which dividend amounts have not been claimed/encashed for the last seven consecutive years or more are required to be transferred by the Company to the Demat Account of the Investor Education and Protection Fund Authority("IEPF").

The Shareholders may note that Unclaimed/Unpaid Dividend for the financial year 2008-09 has already been transferred by the Company to the IEPF within the stipulated time as prescribed under the applicable provisions of the Companies Act, 2013 and the dividend for the year 2009-10 and onwards is lying with the Company.

The Company has communicated individually to the concerned shareholders whose shares are liable to be transferred to the demat account of IEPF as per the aforesaid Rules for taking appropriate action. The list of the concerned shareholders whose shares are liable to be transferred to IEPF and the relevant information regarding them is available in the document attached below.

In the event valid claim or any communication is not received from the concerned shareholders by 15th April, 2017, the Company would proceed to transfer the equity shares to IEPF without any further notice with a view to complying with the requirements as set out in the IEPF Rules and no claim shall lie against the Company. Once these shares are transferred to IEPF by the Company, such shares and the unclaimed dividend including all benefits accruing on such shares can be claimed back by the concerned shareholders only from the IEPF authority by following the procedure prescribed under the aforementioned rules.

In case of any queries, regarding subject matter and rules the concerned shareholders may contact the Company's Registrar and Share Transfer Agent viz. Maheshwari Datamatics Private Limited at 23 R.N. Mukherjee Road, 5th Floor, Kolkata-700 001 or at mdpldc@yahoo.com or to the Company Secretray, Jai Balaji Industries Limited, 5 Bentinck Street, Kolkata-700 001 or at jaibalaji@jaibalajigroup.com.


Shareholders details
 
 
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