INVESTOR CENTER
Home | OCL Website | Contact Us

► Investor’s information >> Transfer of Shares to IEPF >> Notice dated 15.07.2017
Notice to the Shareholders
Dear Shareholder,

Please note that dividend on the shares held by you for the financial year ended March 31, 2010 is due for transfer to Investor Education and Protection Fund ('IEPF') on October 16, 2017 upon completion of seven (7) years in terms of sub section (5) of Section 124 of the Companies Act, 2013 ('CA2013'). Further, please note that the dividend(s) on the said shares for the financial years subsequent to financial year 2009-2010 has also remained unpaid/unclaimed till date.

In terms of Section 124 (6) of the CA2013 read with Rule 6 of the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 and Amendment Rules, 2017 ('IEPF Rules'), OCL India Limited (hereinafter referred to 'the Company') is required to credit such shares, in respect of which dividend has not been paid or claimed for seven consecutive years or more, to Demat Account of IEPF Authority within a period of thirty days of such shares becoming due to be transferred to the Fund.

The due date of transfer of shares held by you is accordingly October 16, 2017, i.e., upon completion of the period of seven (7) years.

Please note that the voting rights on the shares so transferred shall remain frozen until the rightful owner claims such shares and all the benefits accruing on such shares, e.g., bonus shares, split, consolidation, fraction shares, etc. except right issue shall also be credited to such Demat Account of IEPF Authority.

Only in case, there is a specific order of Court or Tribunal or statutory authority restraining transfer of shares and payment of dividend or where the shares are pledged or hypothecated under the provisions of the Depositories Act, 1996, the Company will not to transfer the shares to Demat Account of IEPF Authority.

You are accordingly requested to please advise us if there is a specific order of Court or Tribunal or statutory authority restraining transfer of your shares and payment of dividend or if the shares are pledged or hypothecated under the provisions of the Depositories Act, 1996 and provide us a copy of such order on or before September 30, 2017. You may approach in this regard to -

C B Management Services Private Limited
Registrar and Share Transfer Agent - OCL India Limited
P-22, Bondel Road, Kolkata 700 019
Phone : (033) 2280-6692 / 93 / 94/ 4011-6700 /18 / 23 / 28,
Fax (033) 4011-6739
E-mail: rta@cbmsl.com

Please note that no claim shall lie against the Company in future with respect to the shares so transferred to the IEPF pursuant to IEPF Rules. However, you may claim the shares under proviso to Section 124(6) of CA2013 or apply for refund under Section 125(3)(a) or under proviso the Section 125(3)of CA2013, as the case may be, from IEPF Authority by submitting an online application in Form IEPF-5 available at www.iepf.gov.in.

The details of such shareholders inter-alia their names, folio number or DP ID-Client ID and number of shares due for transfer can be seen by clicking here.
 

(C) 2010. All Rights Reserved. Website by Hi Technology & Services  SEO Company India