Shares to be Transferred to IEPF account
Sub: Transfer of Shares to Investor Education and Protection Fund (IEPF)
Pursuant to provisions of Section 124(6) of the Companies Act, 2013 (Act) read with Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2017 (IEPF Rules), the Company is required to transfer the shares held by you for which dividend has not been claimed for 7 (seven) consecutive years, to Investor Education and Protection Fund(IEPF).
As per the records of the Company, the below mentioned shareholders have not claimed the dividend for the Financial Year 2009-10, the last date of claiming was 15th September, 2017. Accordingly, the dividends have been transferred to IEPF. We have further noted that the dividend for the consecutive seven years from the Financial Year 2010-11 to the Financial Year 2016-17 is also not claimed by these shareholders and accordingly in terms of aforesaid provisions, the Company is required to transfer the aforesaid number of equity shares of Rs. 10 each held by them to IEPF.
You may further note that the after the transfer of shares, any corporate benefit arising out of your shareholding in the Company shall be credited in favour of IEPF.
For Claiming these shares and dividend, please write to us or send an email at email@example.com along with details of valid claim, within 15 days from the date of receipt of this letter, failing which we will have no other option but to transfer the shares held by you to IEPF.
Upon transfer of shares to IEPF, Shareholders can claim the shares from the IEPF only. For claiming such shares, the shareholders are required to follow the procedure as below:
a) Make an online application in Form IEPF-5 available on the website www.iepf.gov.in along with the fee as may be prescribed by the Central Government from time to time;
b) Send a copy of the online application duly signed by him/her along with all documents mentioned in Form IEPF-5 to the Company’s Investors Services Division, No 88, Mysore Road, Bangalore-560018 for verification of his/her claim;
c) The Company shall, within 15 days of receipt of the claim form, send a verification report to the IEPF Authority along with all documents submitted by the claimant;
d) On verification, the IEPF Authority shall release the shares directly to the claimant.
For The Bangalore Printing & Publishing Co Ltd.,