The Investor Education and Protection Fund Authority (Accounting, Audit,Transfer and Refund) Second Amendment Rules, 2021

MINISTRY OF CORPORATE AFFAIRS
NOTIFICATION
New Delhi, the 9th November, 2021

G.S.R. 785 (E).— In exercise of the powers conferred under sub-sections (1), (2), (3), (4), (8), (9), (10) and
(11) of section 125 and sub-section (6) of section 124 read with section 469 of the Companies Act, 2013 (18 of 2013),
the Central Government hereby makes the following rules, further to amend the Investor Education and Protection
Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016, namely:-
1. (1) These rules may be called the Investor Education and Protection Fund Authority (Accounting, Audit,
Transfer and Refund) Second Amendment Rules, 2021.
(2) These rules shall come into force on the date of their publication in Official Gazette.
2. In the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules,
2016, (hereinafter referred to as the Principle Rules), in rule 7, in sub-rule (7), in the proviso, the words “Advance
Receipts”, shall be omitted.
3 In the Principal Rules, in Schedule II, –
(1) for the words, figures and bracket, “Rs 2,00,000 (Rupees Two Lakh only),” wherever occurring, Rs 5,00,000
(Rupees five lakh only), shall be substituted.
(2) under heading, “Documents to be submitted to the Authority to register transmission of securities”, under subheading “ A. Documentary requirement for securities held in physical mode”,-
(i) in item 1, under the heading, “Where the shares are held singly with nomination,-
(a) in sub-item „1.1‟, for the word, “nominee”, the word, “claimant” shall be substituted;
(b) for sub-item „1.2‟, the following shall be substituted, namely: –
“Copy of death certificate of security holder attested by claimant.”
(c) for sub-item „1.4‟, the following shall be substituted, namely: –
“The original share certificate is to be sent to the company and scanned copy to be attached with the form”.
(ii) in item 2, under the heading, “Where the shares are held singly without nomination, the following documents in
addition to the documents specified at paragraph 1 are required,”-
(a) in sub-item‟2.2‟, for clause (a), the following shall be substituted, –
10 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
“Succession certificate or probate of will or will or letter of administration or Decree, as may be applicable in
terms of Indian Succession Act, 1925. (39 of 1925) or any other Decree or Order of any Court or Tribunal”.
(b) for sub-item, „2.3‟, the following shall be substituted, namely: –
“For value of securities more than 5,00,000 (Rupees Five lakh only) per issuer company as on date of
application: Succession certificate or probate of will or will or letter of administration or Decree, as may be
applicable in terms of Indian Succession Act, 1925. (39 of 1925) or any other Decree or Order of any Court or
Tribunal.”.
(c) after sub-item „2.3‟ and before item „3‟, the following explanation shall be inserted, namely: –
“Explanation: (1) The Company may enhance the limit of Rs. 5,00,000 (Rupees Five lakh only) per issuer
company in accordance with SCHEDULE VII of Securities and Exchange Board of India (Listing Obligations
and Disclosure Requirements) Regulations, 2015, after taking approval of its Board of Directors and provide
copy of Board resolution to Authority at the time of verification of claim.
(2) for the case where will is provided, following documents shall also be required:
(a) Legal heirship certificate issued by Competent Authority;
(b) No Objection Certificate from all legal heirs in favor of the claimant;
(c) Affidavit from witness about confirmation of will wherever alive or death certificate of such witness;
(d) Affidavit with regard to the will as last will and no matter is pending before any court with regard to such
will;
(e) Surety affidavit by at least two sureties with their PAN Card.”.
(iii) in item „3‟, under the heading “Where the shares are held jointly with nomination”, –
(a) in sub-item „3.1‟, for the word, “nominee”, the word, “claimant” shall be substituted;
(b) for sub-item „3.2‟, the following shall be substituted, namely: –
“Copy of death certificate of security holder attested by claimant.”
(c) for sub-item „3.4‟, the following shall be substituted, namely: –
“The Original share certificate is to be sent to the company and scanned copy to be attached with the form”.
(iv) in item „4‟, under the heading, “Where the shares are held jointly without nomination, the following
documents in addition to the documents specified at paragraph 3 are required”,-
(a) for sub-item „4.2‟, the following shall be substituted, –
“Succession certificate or probate of will or will or letter of administration or Decree, as may be applicable in
terms of Indian Succession Act, 1925. (39 of 1925) or any other Decree or Order of any Court or Tribunal”.
(b) for sub-item „4.3‟, the following shall be substituted, namely: –
“For value of securities more than 5,00,000 (Rupees Five lakh only) per issuer company as on date of
application: Succession certificate or probate of will or will or letter of administration or Decree, as may be
applicable in terms of Indian Succession Act, 1925. (39 of 1925) or any other Decree or Order of any Court or
Tribunal.”.
(c) after sub-item „4.3‟, and before sub-heading „B‟ the following explanation shall be inserted, namely: –
“Explanation: (1) The Company may enhance the limit of Rs. 5,00,000 (Rupees Five lakh only) per issuer
company in accordance with SCHEDULE VII of Securities and Exchange Board of India (Listing Obligations
and Disclosure Requirements) Regulations, 2015, after taking approval of its Board of Directors and provide
copy of Board resolution to Authority at the time of verification of claim.
(2) for the case where will is provided, following documents shall also be required:
(a) Legal heirship certificate issued by Competent Authority;
[भाग II—खण् ड 3(i)] भारत का राजपत्र : ऄसाधारण 11
(b) No Objection Certificate from all legal heirs in favor of the claimant;
(c) Affidavit from witness about confirmation of will wherever alive or death certificate of such witness;
(d) Affidavit with regard to the will as last will and no matter is pending before any court with regard to such
will;
(e) Surety affidavit by at least two sureties with their PAN Card.”.
3. In the Principal Rules, in Schedule II, under heading, “Documents to be submitted to the Authority to register
transmission of securities”, under sub-heading “B. Documentary requirement for securities held in DEMAT
mode”,-
(i) in item „1‟: –
(a) in sub-item „1.1‟ for the word, “nominee”, the word, “claimant” shall be substituted;
(b) for sub-item „1.2‟, the following shall be substituted, namely: –
“Copy of death certificate of security holder attested by claimant.”
(c) for sub-item „1.4‟, the following shall be substituted, namely: –
“Copy of transaction statement duly attested by Claimant.”.
(ii) in item „2‟, –
(a) in sub-item‟2.2‟, for clause (a), the following shall be substituted, –
“Succession certificate or probate of will or will or letter of administration or Decree, as may be applicable in
terms of Indian Succession Act, 1925. (39 of 1925) or any other Decree or Order of any Court or Tribunal”.
(b) for sub-item, „2.3‟, the following shall be substituted, namely: –
“For value of securities more than 5,00,000 (Rupees Five lakh only) per issuer company as on date of
application: Succession certificate or probate of will or will or letter of administration or Decree, as may be
applicable in terms of Indian Succession Act, 1925. (39 of 1925) or any other Decree or Order of any Court or
Tribunal.”.
(c) after sub-item „2.3‟ and before item „3‟, the following explanation shall be inserted, namely: –
“Explanation: (1) The Company may enhance the limit of Rs. 5,00,000 (Rupees Five lakh only) per issuer
company in accordance with SCHEDULE VII of Securities and Exchange Board of India (Listing Obligations
and Disclosure Requirements) Regulations, 2015, after taking approval of its Board of Directors and provide
copy of Board resolution to Authority at the time of verification of claim.
(2) for the case where will is provided, following documents shall also be required:
(a) Legal heirship certificate issued by Competent Authority;
(b) No Objection Certificate from all legal heirs in favor of the claimant;
(c) Affidavit from witness about confirmation of will wherever alive or death certificate of such witness;
(d) Affidavit with regard to the will as last will and no matter is pending before any court with regard to such
will;
(e) Surety affidavit by at least two sureties with their PAN Card.”.
(iii) in item „3‟, –
(a) in sub-item „3.1‟ for the word, “nominee”, the word, “claimant” shall be substituted;
(b) for sub-item „3.2‟, the following shall be substituted, namely: –
“Copy of death certificate of security holder attested by claimant.”
(c) for sub-item „3.4‟, the following shall be substituted, namely: –
“Copy of transaction statement duly attested by Claimant.”.
12 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
(iv) in item „4‟, –
(a) in sub-item „4.2‟, for clause (a), the following shall be substituted, –
“Succession certificate or probate of will or will or letter of administration or Decree, as may be applicable in
terms of Indian Succession Act, 1925. (39 of 1925) or any other Decree or Order of any Court or Tribunal”.
(b) for sub-item „4.3‟, the following shall be substituted, namely: –
“For value of securities more than 5,00,000 (Rupees Five lakh only) per issuer company as on date of
application: Succession certificate or probate of will or will or letter of administration or Decree, as may be
applicable in terms of Indian Succession Act, 1925. (39 of 1925) or any other Decree or Order of any Court or
Tribunal.”.
(c) after sub-item „4.3‟, and before Schedule III, the following explanation shall be inserted, namely: –
“Explanation: (1) The Company may enhance the limit of Rs. 5,00,000 (Rupees Five lakh only) per issuer
company in accordance with SCHEDULE VII of Securities and Exchange Board of India (Listing Obligations
and Disclosure Requirements) Regulations, 2015, after taking approval of its Board of Directors and provide
copy of Board resolution to Authority at the time of verification of claim.
(2) for the case where will is provided, following documents shall also be required:
(a) Legal heirship certificate issued by Competent Authority;
(b) No Objection Certificate from all legal heirs in favor of the claimant;
(c) Affidavit from witness about confirmation of will wherever alive or death certificate of such witness;
(d) Affidavit with regard to the will as last will and no matter is pending before any court with regard to such
will;
(e) Surety affidavit by at least two sureties with their PAN Card.”.
4. in the Principal Rules, in Schedule III, under the heading, “Documents to be submitted to the Authority in case
of loss of securities held in physical mode”, –
(i) in item „1‟, for the word, “Notarised”, the word, “Self attested”, shall be substituted;
(ii) in item „2‟, the words, “value equal to market value that of shares as on date of execution”, shall be
omitted;
(iii) in item „4‟, for letters, figures and symbols, “Rs 10,000”, the letters, figures and symbols, “Rs 5,00,000”
shall be substituted.
5. in the Principal Rules , in Schedule IV, under the heading, “ Procedure to be followed while disposing the
claims”, in item „2‟, –
(i) sub-item (iv) shall be omitted;
(ii) in sub-item (ix), the words, “verification of transaction statement of the unclaimed suspense account of the
company. At any point of time, details of every investor whose shares have been transferred from unclaimed
suspense account, may be called from depository.” shall be omitted.
(iii) in sub-item (x), after letters, symbols, figures and words, “IEPF-1 or INV-1 or IEPF-1A” and before the
symbol, “.”, the word, letters, symbol and figure, “or IEPF-7” shall be inserted.
6. in the Principal Rules, for the Form No. IEPF-5, the following Form shall be substituted:-
[भाग II—खण् ड 3(i)] भारत का राजपत्र : ऄसाधारण 13

1. Particulars of the applicant
(a) *Category of the applicant Individual Others
(b) *First Name
(c) Middle Name
(d) *Last Name
(e) *Father‟s First Name
(f) Father‟s Middle Name
(g) *Father‟s Last Name
(h) *Date of Birth
(i) *Name of Entity
(j) *Date of Incorporation
(k) *Address of the applicant
(l) Phone number –
(m)*Mobile Number
(n) *Email ID
(o) Enter OTP for Mobile number
(p) Enter OTP for Email ID
(q) *Aadhaar Number or Passport/OCI/PIO Card No. (in case of NRI/foreigners)
(r) *PAN of applicant
2. Particulars of the Company from which the amount is due
(a) *Corporate identity number (CIN) of company
FORM NO. IEPF-5
[Pursuant to sub-section (3) of section 125 of the
Companies Act, 2013 and rule 7(1) of the
Investor Education and Protection Fund
Authority (Accounting, Audit, Transfer and
Refund) Rules, 2016]
Application to the Authority for claiming unpaid
amounts and shares out of Investor Education and
Protection Fund (IEPF)
Pre-fill
Verify PAN Detail
Verify OTP
Send OTP
14 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
(b) Name of the company
(c) Address of registered office of the company
(d) Email id of the company
3. Is it a case covered under rule 7 (8) & 7(9) of IEPF Rules, 2016 Yes No
(a) Name of original security holder
(b) Relation of claimant with security holder
(c) Number of Nominee/Legal heirs/Successors/
Administrator/ Others holders.
Name of Beneficiary
i.
ii.
ii.
4. Type of Claim
O Amount O Amount and Shares
5. Details of shares claimed (More than one Folio for one company can be added)
Number of Folio
Type of holding Folio No./
Complete Demat Account Number
from which transfer has been made to
IEPF
Type of share Number of shares
6. Claim Details
*Number of claims
Folio No.
Demat A/c No
[भाग II—खण् ड 3(i)] भारत का राजपत्र : ऄसाधारण 15
Browse
Year wise details of securities / deposits for which the amount is claimed
Type
of
Claim

Type of holding

Folio No./Complete
Demat account
number from which
transfer has been
made to IEPF

Amount of the
claim

Financial Year to
which claim relates
Reason for nonreceipt

7. Refund Account Details
Details of Bank account in which refund shall be credited
Bank account number Bank Name IFSC Code Bank Branch

Demat account number in which shares shall be credited
8 (a) *Copy of Aadhaar Card of the claimant and
if joint holders are there, copy of Aadhar card of all joint holders
(b) *Copy of Passport, OCI and PIO card in case of foreigners and NRI

(c) *Client Master List of De-mat A/c of the claimant
(d)*Proof of entitlement (Bonds/Debentures/Fixed Deposit receipts/
Certificate of share/Interest warrant/Dividend warrant, Application
No./Statement of transaction etc.)

(e) Self-attested copy of death certificate
(f) Succession Certificate/Probate/will
(g) No Objection Certificate from Other holder
(h) Indemnity Bond & Surety Affidavit
(i) Others
Browse
Browse
Browse
Principle
Interest
Folio
No.
Demat A/c No
Browse
Browse
Browse
Browse
Browse
16 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
Declaration
I declare that all the requirements of Companies Act, 2013 and the rules made thereunder in respect of the subject matter of this
form and matters incidental thereto have been complied with. I further declare that all the information given herein above is true,
correct and complete including the attachments to this form and nothing material has been suppressed.
I declare that I have not claimed/ will not claim, the shares and/or amount claimed under the same folio and/or for same financial
year on any earlier occasion for this company.
I understand that I, am the claimant and after filing the refund claim in this form online, shall send the attachments prescribed
below to Nodal Officer (IEPF) of the company at its registered office in an envelope marked “claim for refund from IEPF
Authority” for initiating the verification for claim
1. Print out of duly filled claim form with claimant signature and if joint holders are involved than the Form should be
signed by all the joint holders along with annexures submitted with form
2. Copy of acknowledgement generated after uploading the claim Form IEPF 5.
3. Copy of Indemnity Bond (original) auto generated after uploading the claim Form IEPF 5 with claimant signature and
proof of payment of applicable stamp duty (Refer Help Kit for Stamp Duty Details).
4. In case of refund of matured deposit or debenture or bond or where shares (in physical form) are claimed, original
certificate/shares thereto.
5. Original Cancelled Cheque leaf.
6. In case any Joint holder is deceased, Copy of Death certificate to be attached.
7. Other optional documents, (if any)
Note: Attention is also drawn to provisions of Section 448 of Companies Act, 2013 which states that-
“Save as otherwise provided in this Act, if in any return, report, certificate, financial statement, prospectus, statement or
other document required by, or for, the purposes of any of the provisions of this Act or the rules made thereunder, any
person makes a statement,-
(a) which is false in any material particulars, knowing it to be false; or
(b) which omits any material fact, knowing it to be material, he shall be liable under section 447.”

[F. No. 05/1/2021-IEPF]
MANOJ PANDEY, Jt. Secy.