► Investor’s information >> Transfer of Shares to IEPF
|Notice to the Shareholders|
Please note that OCL India Limited (hereinafter referred to 'the Company') is required in terms of Section 124 (6) of the Companies Act, 2013 ('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') 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 Investor Education and Protection Fund ('IEPF') Authority ('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 such shares shall be deemed to be May 31, 2017 in cases where the period of seven years provided under Section 124(5) of the CA2013 has been completed or being completed during the period from September 07, 2016 to May 31, 2017.
Please note that unclaimed/unpaid dividend for the Financial Year 2008 - 2009 has been transferred by the Company to IEPF on November 03, 2016 upon completion of seven years in terms of Section 124(5) of the CA2013 and the unclaimed/unpaid dividend for the years subsequent to the Financial Year 2008 – 2009 is lying in the unpaid dividend account of the Company till date. Accordingly, the due date for transfer of such shares to Demat Account of IEPF Authority is May 31, 2017 and the Company shall accordingly transfer such shares within 30 days thereof.
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.
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 April 15, 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
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 CA2016 or apply for refund under Section 125(3)(a) or under proviso the Section 125(3)of CA2016, as the case may be, from IEPF Authority by submitting an online application in Form IEPF-5 available at www.iepf.gov.in.
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