Amendment in Schedule VI under powers conferred by sub-section (1) of section 641 of the Companies Act, 1956

Ministry of Finance and Company Affairs

Department of Company Affairs

NOTIFICATION

New Delhi, the 13th November, 2002

G.S.R. 762(E).-In exercise of the powers conferred by sub-section (1) of section  641 of the Companies Act, 1956 (1 of 1956), the Central Government hereby makes the following further amendment in Schedule VI of the said Act, namely:-

In Schedule VI, in Form of Balance Sheet, under heading “LIABILITIES”, in sub-heading “CURRENT LIABILITIES AND PROVISIONS”,  for brackets, figure and words “(5) Unclaimed Dividends”, the following shall be substituted, namely:-

“(5) Investor Education and Protection Fund shall  be credited by the following amounts namely:-

(a)Unpaid dividend;

(b)Unpaid application money received by the companies for allotment of securities and due for refund;

(c)Unpaid Matured Deposits;

(d)Unpaid Matured Debentures;

(e)Interest accrued on (a) to (d) above”.

[F.No. 1/7/2002-CL.V(Pt.)]

RAJIV MEHRISHI

Joint Secretary

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