Purpose of the E-Form IEPF-2:
Statement of unclaimed or unpaid amounts and details of Nodal Officer.
Earlier E-form INV-5 is filed for this purpose, however after introduction of Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 , E Form INV-5 is being replaced by E- form IEPF-2 i.e. Statement of unclaimed and unpaid amounts.
Applicable Rules:
1. Rule 5(8) of the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016*
2. Rule 7(2B) of the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016*
*MCA vide its circular dated 14th August, 2019 amended the Rules, 2016 through the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Second Amendment Rules, 2019.
| Changes in Rule 5(8) and Rule 7(2) | ||
| S.NO. | BEFORE AMENDMENT | AFTER AMENDMENT |
| 1.
Rule 5(8) |
Due date for filing IEPF-2 within 90 days from Date of AGM or due date of AGM whichever is earlier. | Due date for filing IEPF-2 is now within 60 days from Date of AGM or due date of AGM whichever is earlier. |
| Unclaimed amounts are identified as on the date of holding of AGM. | Unclaimed amounts are identified as on the date of closure of financial year the account of which are to be adopted in ensuing AGM. | |
| 2.
Rule 7(2A) and 7(2B) |
Earlier Rule 7(2A):
|
Changes made in Rule 7(2A) and a new Rule 7(2B) is inserted:
Changes in Rule 7(2A):
New Rule 7(2B):
|
–
| S.No. | Form | Purpose | Due date |
| 1. | IEPF-2 | Statement of Unpaid and Unclaimed Amounts | Within 60 days from Date of AGM or due date whichever is earlier |
|
Within 7 days from date of passing BR |
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Garima Bansal & Atul Singh- [email protected] – [email protected]
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