Unpaid & Unclaimed Dividend
The Ministry of Corporate Affairs ("MCA") vide its circular dated May 10, 2012, notified Investor Education and Protection Fund (Uploading of information regarding unpaid and unclaimed amounts lying with companies) Rules, 2012 read with sub - section (3) of Section 205C of Companies Act, 1956. As per this rule, companies have to identify and upload details of unclaimed dividend amounts on their website. Accordingly detailed information is provided for the benefits of the investors. The details of unclaimed/unpaid dividend as on the date of the last Annual General Meeting held on 5th September, 2014 for the financial year ended 31 March 2014 are as follows:
|Financial Year||Unclaimed Dividend
(Amount in Rs.)
declaration of Dividend
|Last date for claiming Dividend||Shareholder wise details|
|2015-2016||11,26,195.50||01.09.2016||31st August, 2023||Unpaid Dividend-
|2014-2015||2,98,808.50||01.09.2015||31st August, 2022||Unpaid Dividend-
|2013-2014||7,94,404.50||05.09.2014||4th September, 2021||Unpaid Dividend-
|2012-2013||12,11,910.00||21.08.2013||21st August, 2020||Unpaid Dividend-
|2011-2012||9,22,766.00||14.08.2012||13th August, 2019||Unpaid Dividend-
|2010-2011||10,25,725.00||18.08.2011||17th August, 2018||Unpaid Dividend-
|2009-2010||6,17,136.00||07.08.2010||6th July, 2017||Unpaid Dividend-
|2008-2009||4,20,888.00||15.09.2006||13th September, 2016||Unpaid Dividend-
|2007-2008||4,25,267.00||30.08.2008||12th September, 2015||Unpaid Dividend-
We invite your attention towards the provisions of section 124 (6) of the Companies Act, 2013, read with Rule 6 of the Investor Education & Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules 2016 and Amendment Rules, 2017,which inter- alia provides that all shares in respect of which dividend have remain unpaid/unclaimed for last seven years shall be transferred by the Company in the name of IEPF Suspense Account, following the procedures contained in the Rules which are as under:
a) In case shares are held in physical form, by issuance of duplicate Share Certificates and thereafter transferring the same to IEPF Suspense Account. Accordingly, the Original Share Certificates held by you shall automatically stand cancelled.
b) In case shares held in demat form by transfer of shares directly to IEPF Suspense Account through the Depository Participants as per Rules
In case you have any lawful reservation/ objection in complying with the above provision of law for transferring your shares to the “IEPF Suspense Account” we request you to comply with the following on or before 28th April, 2017.
Where the shares are held in physical form- Please send us (The Company) a claim letter supported by a self attested photocopy of your PAN Card and Aadhar Card/ Passport/ Voter ID etc., in respect of Identity and Address proof.
Where the shares are held in dematerialised form: Please visit/contact your “Depository Participant” and update your address and Bank Details and send us (The Company) a claim letter supported by a self attested photocopies of latest “Client Master List” and your PAN Card and Aadhar Card/ Passport/ Voter ID etc., in respect of Identity and Address proof.
It may also be noted that in terms of Section 124 (6) of the Companies Act, 2013, read with Rule 7 of the IEPF Rules shares transferred to the suspense account may also be claimed by making an online application in Form no IRPF-5 which is available at www.iepf.gov.in http://www.iepf.gov.in. No Claim shall lie against the Company in respect of unclaimed dividend amount and the shares transferred to the IEPF Suspense Account pursuant to the Rules.
In the event of valid claim is not received by the Company on or before 30th April, 2017, then the Company shall take action towards transfer of the shares to the IEPF Authority by following the procedure prescribed under the aforementioned Rules.
Details of Shareholders whose Shares are liable to be transferred
In case you have any unclaimed/ unpaid dividends in respect of the financial years mentioned above, please write to our Registrar and Share Transfer Agent or to the Company Secretary at the following address for claiming the amount:
MCS Share Transfer Agent Limited
12/1/5, Manoharpukur road
Kolkata - 700 026
P: 91.33.4072 4051
Ludlow Jute & Specialities Limited
6, (Nandalal Basu Sarani) Little Russell Street
Kolkata 700 071