Investor
Education and Protection Fund (Uploading of information regarding unpaid and
unclaimed amounts lying with Companies) Amendment Rules, 2014
MCA vide Notification No. GSR
217(E) [F.No.5/29/2013-IEPF], Dated 27-3-2014 notifies Investor Education and
Protection Fund (Uploading of information regarding unpaid and unclaimed
amounts lying with Companies) Amendment Rules, 2014, by making amendment in
Rules 2, 3 and Form 5 INV and accordingly the definition of “Corresponding New
Banks” has been inserted and all such banks have to ensure transfer of
unclaimed dividend to earmarked a/c within 90 days of holding their annual general
meeting which remains unpaid or unclaimed for a period of seven years from the
date of such transfer. They shall come into force with effect from the 31st
march, 2014
