Pursuant to Sections 205A and 205C of the Companies Act, 1956, the Company is required to transfer the amount of dividend remained unclaimed for a period of seven years from the date of transfer to the Investor Education and Protection Fund (IEPF).
Ministry of Corporate Affairs has issued a Circular notifying the Rule “Investor Education and Protection Fund (Uploading of information regarding unpaid and unclaimed amounts lying with Companies) Rules, 2012”. As per this Rule, companies have to identify and upload details of unclaimed dividend on their website.
Accordingly detailed information in respect of the relevant financial years is provided for the benefit of the Company’s Investors.
Status of Unclaimed Dividend as on AGM Date: 11 August 2014