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.
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|
|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.|
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):
|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|
This article is for informational purposes only and is intended, but not promised or guaranteed, to be correct, complete, and up-to-date. Whitespan Advisory does not warrant that the information contained in this article to be accurate or complete, and hereby disclaims any and all liability to any person for any loss or damage caused by errors or omissions, whether such errors or omissions result from negligence, accident or any other cause.
Please feel free to contact the undersigned in case you require any further information/ clarification on the above article.