Key Points
Reliance Industries via a public notice dated May 24, 2024, informed its shareholders that these shares will be transferred to the Investor Education and Protection Fund (IEPF) Authority which falls under the Ministry of Corporate Affairs (MCA)..
"In case the Company does not receive any communication (claiming the unclaimed/unencashed dividend) from the concerned shareholders on or before August 26, 2024, the Company shall with a view to complying with requirements set out in the Rules, dematerialise and transfer the shares to IEPF Authority by way of corporate action as per procedure stipulated in the Rules," said Reliance Industries in the public notice...
As per the public notice of Reliance Industries, "The Company has so far transferred to IEPF Authority, on respective due dates, all shares in respect of which dividend(s) for the financial year 2015-16 or before had remained unpaid or unclaimed for a period of seven consecutive years or more..
The Company has, vide its letter dated May 21, 2024, communicated individually, to the concerned shareholders whose shares are liable to be transferred to IEPF Authority during the financial year 2024-25 for taking appropriate action."..
As per frequently asked questions (FAQs) by Reliance Industries, any person whose shares/unclaimed dividends, etc., have been transferred by Reliance Industries to IEPF Authority, may claim the shares by submitting an online application in Web-From IEPF-5 which is available on the IEPF Authority website..
