Transfer of Unclaimed Equity Shares to IEPF Suspense Account
KANPRPLA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Kanpur Plastipack has informed the exchange about a newspaper publication regarding transfer of equity shares to the IEPF Suspense Account. Under SEBI rules, shares belonging to shareholders who have not claimed dividends for 7 or more consecutive years are moved to the Investor Education and Protection Fund. The company has published this notice in newspapers as required under the Companies Act to alert affected shareholders. Shareholders whose shares have been transferred can still reclaim them by applying to the company with the required documents before claiming any future dividends or recovery.
Shareholders with unclaimed dividends for 7 or more years may have shares moved to IEPF. They can still reclaim shares by applying to the company with proper documents.