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Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Amendment Rules, 2021 - G.S.R. 396 (E) - Companies Law

Extract

..... on the date of their publication in the official Gazette. 2. In the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016, (a) in rule 3, in sub-rule (2), after clause (f), the following shall be inserted, namely:- “(fa) all shares held by the Authority in accordance with proviso of sub-section (9) of section 90 of the Act and all the resultant benefits arising out of such shares, without any restrictions;” (b) after rule 6, following rule shall be inserted, namely:- “6A. Manner of transfer of shares under sub-section (9) of section 90 of the Act to the Fund.- (1) The shares shall be credited to DEMAT Account of the Authority to be opened by the Authority for the said purpose .....

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Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Amendment Rules, 2021 - G.S.R. 396 (E) - Companies Law

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..... r each such shareholder shall be issued and it shall be stated on the face of the certificate that “Issued in lieu of share certificate No..... for the purpose of transfer to IEPF under subsection (9) of section 90 of the Act” and the same be recorded in the register maintained 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 f .....

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Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Amendment Rules, 2021 - G.S.R. 396 (E) - Companies Law

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..... ecurities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009 and the proceeds realised shall be credited to the Fund and a separate ledger account shall be maintained for such proceeds. (10) In case the company whose shares or securities are held by the Authority is being wound up, the Authority may surrender the securities to receive the amount entitled on behalf of the security holder and credit the amount to the Fund and a separate ledger account shall be maintained for such proceeds. (11) Any further dividend received on such shares shall be credited to the Fund and a separate ledger account shall be maintained for such proceeds. (12) Any amount required to be credited by the companies to the Fund as provided und .....

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Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Amendment Rules, 2021 - G.S.R. 396 (E) - Companies Law

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