Pursuant to the applicable provisions of the Companies Act, 2013 and the provisions of Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 (the “Rules”) notified by the Ministry of Corporate affairs effective September 7, 2016, all unpaid or unclaimed dividends are required to be transferred by the Company to the Investor Education and Protection Fund (“IEPF”) established by the Central Government, after completion of seven years.
The Rules, inter alia, also provide that, all shares in respect of which dividend(s) remain unpaid or unclaimed for a period of seven consecutive years shall be transferred to the DEMAT Account of the IEPF Authority (the “IEPF DEMAT Account”) within 30 days from the due date of transfer.
Both the unpaid / unclaimed dividend(s) and the corresponding shares transferred to the IEPF DEMAT Account including all benefits, if any, accruing on such shares after the date of transfer to the IEPF DEMAT Account can be claimed from the IEPF Authority.
Guidelines for investors to file claim:
Download the Form IEPF-5 from the website of IEPF by following the link http://iepf.gov.in/IEPF/corporates.html for filing the claim for refund. Read the instructions provided on the website / instruction kit along with the e-form carefully before filing the form.
After filing the form, save it on your computer and submit the duly filled form by following the instructions given in the upload link on the website. On successful uploading an acknowledgement will be generated indicating the SRN. Please note the SRN for future tracking of the form.
Take a printout of the duly filled Form IEPF-5 and the acknowledgement issued after uploading the form.
Submit indemnity bond in original, copy of acknowledgement and self-attested copy of e-form along with other documents as mentioned in the Form IEPF-5 to Nodal Officer of the Company at the address provided below in an envelope marked “Claim for refund from IEPF Authority”.
Claim forms completed in all respects will be verified by the Company and on the basis of the Company’s verification report submitted to IEPF Authority, refund will be generated by the IEPF Authority in favour of claimant’s bank account through electronic means.
The details of the Nodal officer of the Company for coordination with the IEPF authorities are as below:
|1.||Name of the Nodal Officer||Mr. Mayank Verma|
|2.||Designation||Company Secretary and Compliance Officer|
|3.||Postal Address||Biocon Limited|
20th KM, Hosur Road,
Electronic City, Hebbagodi,
Bengaluru 560 100
|4.||Tel. No.||080 2808 2038|