Wednesday 30 May 2018


Amendment in IEPF Rules
Ministry of Corporate Affairs (MCA) has vide notification dated 22 May, 2018 amended the Investor Education and Protection Fund Authority (IEPF) (Accounting, Audit, Transfer and Refund) Rules, 2016.

IEPF account maintained with Punjab National Bank is to be credited for the monies in case if the Companies have:

1.    Declared Dividend on shares transferred to IEPF
2.    Proceeds realized on delisting of companies with respect to shares transferred to IEPF
3.    Proceeds realized on winding up of companies with respect to shares transferred to IEPF

Now, additionally the Companies are also required have to file Form IEPF 7 with the authority, containing details of the remittance made, within 30 days from remittance or from the date of enforcement of these Rules as the case maybe.
The notification can be downloaded from following link:




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