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What is the procedure to transfer physical shares of an Unlisted Public Co which has no ISIN or R& T agent to the Investor Education & Protection Funds

Section 125- Investor Education and Protection Fund.

Posted By: B.basu 7 year(s) ago

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Shivam Singhal

MCA has been issued a circular on "Transfer of shares to IEPF Authority" dated 27.04.2017 which clearly states that "all companies required to transfer shares to IEPF Authority, whether held in dematerialised form or physical form, to the demat account of IEPF Authority". It means all unlisted companies irrespective of whether private or public, small or big, required to transfer shares to IEPF Authority on account of dividend being unpaid or unclaimed for 7 years will have to compulsorily resort to dematerialization of their shares.

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