Dividends that are not encashed or claimed, within seven years from the date of its transfer to the unpaid dividend account, will, in terms of Section 124(5) of the Companies Act, 2013, be transferred to the Investor Education and Protection Fund (IEPF) established by the Government. In terms of the provisions of Section 125(3) of the Companies Act, 2013, shareholder shall be entitled to get refund out of the Fund in respect of such claims in accordance with rules made under this section. The details of unclaimed dividend as on June 30, 2016 are as follows:
|Financial Year||Unclaimed Dividend as on June 30, 2016 (Rs.)||Date of declaration of Dividend||Last date for claiming Dividend|
|2008-09||575,651.20||September 25, 2009||October 24, 2016|
|2009-10||420,787.40||July 23, 2010||August 22, 2017|
|2010-11||453,334.80||July 25, 2011||August 24, 2018|
|2011-12||498,281.60||July 23, 2012||August 22, 2019|
|2012-13||503,164.30||July 29, 2013||August 28, 2020|
|2013-14||600,318.00||July 23, 2014||August 22, 2021|
|2014-15||765,430.00||July 27, 2015||August 26, 2022|
|2015-16 (Interim)||794,430.00||March 15, 2016||March 14, 2023|
Members who have not received / encashed their dividend warrant so far in respect of the aforesaid periods, are requested to requested to contact the Secretarial Department at: 022 – 67056500 or write to us at email@example.com duly quoting the DP Id and Client Id (in case shares are held in demat form) or folio number (in case shares are held in physical form) well in advance of the above due dates.
It may be noted that once the amounts in the unpaid dividend accounts are transferred to IEPF, no claim shall lie against IEPF or the Company in respect thereof and the Members would lose their right to claim such dividend.