Transfer of shares to Investor Education and Protection Fund

Transfer of shares to IEPF

Notifications and circulars

IEPF Notification dated 28.02.2017

IEPF Notification dated 05.09.2016

2016-17

In terms of Section 124 of the Companies Act, 2013, read with the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016, Equity Shares of the Company in respect of which dividend entitlements have remained unclaimed or unpaid for seven consecutive years or more, are required to be transferred by the Company to the Investor Education and Protection Fund (IEPF) of the Government of India.

Communication has been sent by the Company to the concerned Members who have not claimed their dividend for seven consecutive years or more providing them an opportunity to claim such dividend.

The Ministry of Corporate Affairs, on 13th October, 2017, has notified that the due date for transfer of the aforesaid Equity Shares of the Company to the IEPF shall be 31st October, 2017. In the event valid claim is not received before the due date, the Company shall transfer the concerned shares to the IEPF.

In case of any queries, regarding subject matter and rules the concerned shareholders may contact the Company’s Registrar and Share Transfer Agent viz. Maheshwari Datamatics Private Limited at 23 R.N. Mukherjee Road, 5th Floor, Kolkata-700 001 or at mdpldc@yahoo.com or to the Company Secretary, Jai Balaji Industries Limited, 5 Bentinck Street, Kolkata-700 001 or at jaibalaji@jaibalajigroup.com.