Board resolution format for transfer of unclaimed dividend and shares to IEPF under Sections 124 and 125, with IEPF-1 and IEPF-4 filings and Nodal Officer.
“RESOLVED THAT pursuant to the provisions of Sections 124(5), 124(6) and 125 and other applicable provisions, if any, of the Companies Act, 2013 read with Rules 5 and 6 of the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 (the “IEPF Rules”), the Board hereby approves the transfer to the Investor Education and Protection Fund (“IEPF”) of (a) ₹[●] (Rupees [●] only) lying in the Unpaid Dividend Account for the financial year [●], which has remained unpaid or unclaimed for seven years from the date of its transfer to that account, together with interest accrued thereon, if any, and (b) [●] equity shares in respect of which dividend has not been paid or claimed for seven consecutive years or more, within thirty days of the due date, being [●].
RESOLVED FURTHER THAT pursuant to Rule 6(2) of the IEPF Rules, Mr./Ms. [●], Company Secretary (Membership No.: [●]) be and is hereby authorised to sign all documents for the transfer of the said shares, including the corporate action with the depositories and new share certificates issued in lieu of physical certificates for the purpose of transfer to the IEPF.
RESOLVED FURTHER THAT any Director and/or the Company Secretary of the Company be and is hereby severally authorised to give the prescribed notices to the shareholders and in newspapers, to file Forms IEPF-1 and IEPF-4 with the IEPF Authority within the prescribed time and to do all such acts, deeds and things as may be necessary for giving effect to this resolution.”