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(MCA) issues Clarification Regarding Due Date of Transfer of Shares to IEPF Authority

MCA General Circular No. 15/2016 dated 7th December, 2016:-

Various representations have been received from the Companies for simplification of transfer process of shares under Investor Education & Protection Fund (Accounting, Audit, Transfer and Refund) Rules, 2016, notified on 05.09.2016. It has also been requested for extending the due date prescribed for transferring the shares to IEPF Authority.

The matters, including simplification of transfer process and extension of date for such transfer, are under consideration and the rules are likely to be revised. The revised rules shall be notified in due course

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