The InvestorEducation and Protection Fund Authority (Accounting, Audit, Transfer and Refund)Amendment Rules, 2021.

MINISTRY OF CORPORATE AFFAIRS
NOTIFICATION
New Delhi, the 09th June, 2021

G.S.R. 396 (E).—In exercise of the powers conferred by sub-sections (1), (2), (3), (4),
(8), (9), (10) and (11) of section 125, sub-section (6) of section 124 and sub-sections (9) and (9A)
of section 90 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. Short title, extent and commencement.- (1) These rules may be called the Investor
Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund)
Amendment Rules, 2021.
(2) They shall come into force on the date of their publication in the official Gazette.
2. In the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and
Refund) Rules, 2016, (a) in rule 3, in sub-rule (2), after clause (f), the following shall be
inserted, namely:-

8 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
“(fa) all shares held by the Authority in accordance with proviso of sub-section (9) of
section 90 of the Act and all the resultant benefits arising out of such shares, without any
restrictions;”
(b) after rule 6, following rule shall be inserted, namely:-
“6A. Manner of transfer of shares under sub-section (9) of section 90 of the Act to the
Fund.- (1) The shares shall be credited to DEMAT Account of the Authority to be opened
by the Authority for the said purpose, within a period of thirty days of such shares
becoming due to be transferred to the Fund:
Provided that transfer of shares by the companies to the Fund shall be deemed to be
transmission of shares and the procedure to be followed for transmission of shares shall be
followed by the companies while transferring the shares to the fund:
Provided further that such shares shall be transferred to the Authority without any
restrictions and no application shall be filed for claiming back such shares from the
Authority.
(2) For the purposes of effecting transfer of such shares, the Board shall authorise the
Company Secretary or any other person to sign the necessary documents.
(3) The company shall follow the following procedure while transferring the shares,
namely:-
(A) for the purposes of effecting the transfer, where the shares are dealt with in a
depository-
(i) the company shall inform the depository by way of corporate action, where the
shareholders have their accounts for transfer in favour of the Authority,
(ii) on receipt of such intimation, the depository shall effect the transfer of shares in favour
of DEMAT account of the Authority;
(B) for the purposes of effecting the transfer of shares held in physical form-
(i) the Company Secretary or the person authorised by the Board shall make
an application, on behalf of the concerned shareholder, to the company, for issue of a new
share certificate;
(ii) on receipt of the application under clause (a), a new share certificate for each
such shareholder shall be issued and it shall be stated on the face of the certificate that
“Issued in lieu of share certificate No….. for the purpose of transfer to IEPF under subsection (9) of section 90 of the Act” and the same be recorded in the register maintained
for the purpose;
(iii) particulars of every share certificate shall be in Form No. SH-1 as specified in
the Companies (Share Capital and Debentures) Rules, 2014;
(iv) after issue of a new share certificate, the company shall inform the depository by way
of corporate action to convert the share certificates into DEMAT form and transfer in
favour of the Authority.
(4) The company shall make such transfers through corporate action and shall preserve
copies for its records.
(5) While effecting such transfer, the company shall send a statement to the Authority
in Form No. IEPF-4 within thirty days of the corporate action taken under sub-rule (4) of
rule 6A containing details of such transfer and the company shall also attach a copy of
order of the Tribunal under sub-section (8) of section 90 of the Act along with a
[भाग II—ख᭛ ड 3(i)] भारत का राजपᮢ : असाधारण 9
declaration that no application under sub-section (9) of section 90 of the Act has been
made or is pending before the Tribunal.
(6) The voting rights on shares transferred to the Fund shall remain frozen:
Provided that for the purpose of the Securities and Exchange Board of India (Substantial
Acquisition of Shares and Takeovers) Regulations, 2011, the shares which have been
transferred to the Authority shall not be excluded while calculating the total voting rights.
(7) The company shall maintain all such statements filed under sub – rule (3) in the same
format along with all supporting documents and the Authority shall have the powers to
inspect such records.
(8) All benefits accruing on such shares like bonus shares, split, consolidation, fraction
shares and the like except right issue shall also be credited to such DEMAT account [by
the company which shall send a statement to the Authority in Form No. IEPF-4 within
thirty days of the corporate action containing details of such transfer.]
(9) If the company is getting delisted, the Authority shall surrender shares on behalf of the
shareholders in accordance with the Securities and Exchange Board of India (Delisting of
Equity Shares) Regulations, 2009 and the proceeds realised shall be credited to the Fund
and a separate ledger account shall be maintained for such proceeds.
(10) In case the company whose shares or securities are held by the Authority is being
wound up, the Authority may surrender the securities to receive the amount entitled on
behalf of the security holder and credit the amount to the Fund and a separate ledger
account shall be maintained for such proceeds.
(11) Any further dividend received on such shares shall be credited to the Fund and a
separate ledger account shall be maintained for such proceeds.
(12) Any amount required to be credited by the companies to the Fund as provided under
sub-rules (9), (10) and sub-rule (11) shall be remitted into the specified account of the
IEPF Authority maintained in the Punjab National Bank [and the details thereof shall be
furnished to the Authority in Form No. IEPF-7 within thirty days from the date of
remittance].
Provided further that all such amounts shall be transferred to the Authority without any
restrictions and no application shall be filed for claiming back such amounts from the
Authority.
(13) Authority shall furnish its report to the Central Government as and when noncompliance of the rules by companies came to its knowledge.”

10 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
(c). for the Forms IEPF-4 and IEPF-7, the following Forms shall be substituted, namely:—
“FORM NO. IEPF-4
[Pursuant to rule 6(5), 6(8), 6A(5) and
6A(8) of the Investor Education and
Protection Fund Authority (Accounting,
Audit, Transfer and Refund) Rules, 2016]
Statement of shares
transferred to the Investor
Education and Protection
Fund
Form language o English o Hindi
Refer instruction kit for details.
1.(a) *Corporate identity number (CIN) of company

(b) Global Location Number (GLN) of company
2. (a) Name of the company/bank
(b) Address of registered office of the company/bank
(c) *Email id of the company/bank
3. (a) *Total nominal amount of shares transferred to the IEPF account
(b) *Total number of shares transferred
4.Purpose of filing
1. SRN of form IEPF-1/1-INV/IEPF-4
2. Date of Declaration of benefits accruing on Shares Transferred to IEPF.
3. Date of Corporate Action to Demat account of IEPF Authority.
4. *Financial Year to which the amount relates

Attachments List of attachments
1.*Copy of Newspaper advertisement or order of a copy of order of the
Tribunal under sub-section (8) of section 90 of the Act along with a
declaration that no application under sub-section (9) of section 90 of the Act
2. Optional attachments, if any.
Note 2 – For each SRN of IEPF-4 different IEPF-4 forms needs to be filed for benefits
accruing on shares.
Pre fill
Prefill
Attach
Attach
[भाग II—ख᭛ ड 3(i)] भारत का राजपᮢ : असाधारण 11
Declaration
I have been authorized by the Board of directors’ resolution number* Dated * (DD/MM/YYYY)
to sign and submit this form.
To the best of my knowledge and belief, 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 also 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.
*To be digitally signed by
*Designation
*DIN of the director; or Income-tax permanent account number
of the manager or CEO or CFO; or Membership number
of the secretary
_________________________________________________________________________________________________
Note: Attention is also drawn to provisions of Section 448 and section 449 of Companies Act, 2013 which provide for
punishment for false statement and false evidence.
_________________________________________________________________________________________________
This eform has been taken on file maintained by IEPF Authority through electronic mode and on the
basis of statement of correctness given by the company’’.
FORM NO. IEPF-7
[Pursuant to rule 6(14) and 6A(13) of the
Investor Education and Protection Fund
Authority (Accounting, Audit, Transfer and
Refund) Rules, 2016]

Statement of amounts
credited to IEPF on account of
shares transferred to the fund
Form language o English o Hindi
Refer instruction kit for details.
Note 2. Please take a note that this form has to be filed only for one Financial Year at a time.
Purpose of filing
1.(a)*Corporate identity number (CIN) of company

(b) Global Location Number (GLN) of company
2. (a) Name of the company
(b) Address of registered office of the company
(c) *Email id of the company
DSC Box
Pre fill
12 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
3. *Name of Transfree Bank
4. *Bank Transaction ID
5. *Date of payment of amount to the fund
6. *Amount credited to the fund
7. *Details of the amount transferred to bank account of the fund
S.
No.
Particulars Amount
(in Rupees)
Date by which amount
should have been
credited to the fund
(a) Dividend on shares transferred to IEPF
(b) Proceeds realized on delisting of companies with respect
to shares transferred to IEPF

(c) Proceeds realized on winding up of companies with
respect to shares transferred to IEPF

(d) Others
Total

8. *Financial Year to which the amount relates
Attachments List of attachments
1. *Copy of Resolution declaring dividend/ winding up order/ delisting order
2. Optional attachments, if any.

Declaration
I have been authorized by the Board of directors’ resolution number* Dated * (DD/MM/YYYY)
to sign and submit this form.
To the best of my knowledge and belief, 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 also 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.
*To be digitally signed by
*Designation
*DIN of the director; or PAN of the manager or CEO
or CFO; or Membership number of the company
secretary.
Attach
Attach
Remove attachment
DSC Box
[भाग II—ख᭛ ड 3(i)] भारत का राजपᮢ : असाधारण 13
_________________________________________________________________________________
Note: Attention is also drawn to provisions of Section 448 and section 449 of Companies Act,
2013 which provide for punishment for false statement and false evidence.
_________________________________________________________________________________________________
This e-form has been taken on file maintained by IEPF Authority through electronic mode and on the
basis of statement of correctness given by the company.’’
_________________________________________________________________________________

[F. No. 05/4/2020-IEPF]
MANOJ PANDEY, Jt. Secy.