eClerx to Transfer Unclaimed Shares to Investor Education Fund

eClerx Services has published a newspaper advertisement regarding the transfer of shares belonging to shareholders who have not claimed dividends for seven or more consecutive years to the Investor Education and Protection Fund (IEPF). This is a routine SEBI and Companies Act compliance requirement. Shareholders whose shares are slated for transfer can still claim them by updating their KYC details and submitting the required documents before the transfer deadline. Shares transferred to IEPF are not lost permanently and can be reclaimed later through the MCA portal by filing an application along with proof of ownership.