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July 2013

Investor Education and Protection Fund ( Uploading of Information regarding unpaid and unclaimed amounts lying with Companies) Rules, 2012

By Sejal Vasa, Company Secretary
Reading Time 1 mins
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The Ministry of Finance vide Investor Education and Protection Fund (Uploading of Information regarding unpaid and unclaimed amounts lying with Companies) Rules, 2012 dated 10-05-2012, requires every Company to file Form 5INV the details regarding unclaimed and unpaid dividends as per provisions of section 205 of the Companies Act, 1956. This information is required to be filed every year within a period of 90 days after holding the AGM or the date on which it should have been held as per the provisions of section 166 of the Act and every year thereafter till completion of the 7 years period.

E-mails have been sent to Companies not complying with the same alongwith the note that in case the amounts lying unpaid is NIL, the same is to be submitted at the following link http://www.iepf.gov. in/IEPFWebProject/jsps/iepf/SubmitDetails.jsp.

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