The Ministry of Corporate Affairs (“MCA”), Investor’s Education and Protection Fund Authority (“IEPFA”) directive Companies are to conduct a 100-day awareness campaign – “Saksham Niveshak” – to help shareholders claim unpaid dividends and update their details before amounts are transferred to the IEPF. Purpose of the campaign is to create awareness among shareholders to update their details and claim any unpaid or unclaimed dividends before they get transferred to the Investor Education and Protection Fund (“IEPF”). For the benefits to the shareholders, it is important to update Know your Client (KYC) i.e. PAN, Nomination details, Contact info (postal address, mobile number), Bank account details, Specimen Signature the following with the Company or the Registrar & Transfer Agent, MAS Services Limited (“RTA”).
Since dividend on shares is only payable in electronic mode, dividend will only be credited in shareholder’s bank account after updating the above information/documents.
During this campaign all the shareholders who have not claimed their dividend or have not updated their KYC or nay issues related to unclaimed dividend and shares may write to Company’s RTA, i.e.