As per Section 124 of the Companies Act, 2013, the unclaimed dividend lying with companies is required to be transferred to the Investor Education and Protection Fund (IEPF), administered by the Central Government after a period of seven years of its declaration.
MCA has issued a Circular, notified in the Gazette of India G.S.R. 352(E) dated May 10, 2012, notifying the Rules “Investor Education and Protection Fund (Uploading of information regarding unpaid and unclaimed amounts lying with Companies) Rules, 2012”. As per these Rules, companies have to identify and upload the details of unclaimed dividend lying with them on their website.
Accordingly, details of the unclaimed dividend with the Company are provided herein below. Those Shareholders who have not claimed their dividend are hereby advised to claim their unclaimed / unpaid amount due to them by making a request to the Company giving their particulars before the same are transferred to the IEPF. Once unclaimed dividend is transferred to the IEPF, no claim shall lie in respect thereof, either with the Company or the IEPF.
* No Dividend was declared by the Company from the financial year 2011-12 onwards