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Rule 6A - Manner of transfer of shares under sub-section (9) of section 90 of the Act to the Fund - Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016

Extract

..... panies while transferring the shares to the fund: Provided further that such shares shall be transferred to the Authority without any restrictions and no application shall be filed for claiming back such shares from the Authority. (2) For the purposes of effecting transfer of such shares, the Board shall authorise the Company Secretary or any other person to sign the necessary documents. (3) The company shall follow the following procedure while transferring the shares, namely:- (A) for the purp .....

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Rule 6A - Manner of transfer of shares under sub-section (9) of section 90 of the Act to the Fund - Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016

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..... ned for the purpose; (iii) particulars of every share certificate shall be in Form No. SH-1 as specified in the Companies (Share Capital and Debentures) Rules, 2014; (iv) after issue of a new share certificate, the company shall inform the depository by way of corporate action to convert the share certificates into DEMAT form and transfer in favour of the Authority. (4) The company shall make such transfers through corporate action and shall preserve copies for its records. (5) While effecting s .....

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Rule 6A - Manner of transfer of shares under sub-section (9) of section 90 of the Act to the Fund - Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016

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..... ll benefits accruing on such shares like bonus shares, split, consolidation, fraction shares and the like except right issue shall also be credited to such DEMAT account [by the company which shall send a statement to the Authority in Form No. IEPF-4 within thirty days of the corporate action containing details of such transfer.] (9) If the company is getting delisted, the Authority shall surrender shares on behalf of the shareholders in accordance with the Securities and Exchange Board of India .....

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Rule 6A - Manner of transfer of shares under sub-section (9) of section 90 of the Act to the Fund - Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016

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