- Smart Devices and Wearables
- Enterprise Grade Devices
- Product Engineering
Unclaimed Dividend / Shares
Unclaimed Dividend / Shares
Transfer of shares to IEPF
Members may please note that pursuant to Section 124 of the Companies Act, 2013 read with the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 (“Rules”) as amended by the Ministry of Corporate Affairs (“MCA”), shares of the Company in respect of which dividend amounts have remained unpaid / unclaimed for seven (7) consecutive years or more are required to be transferred to the “DEMAT Account of the Investor Education and Protection Fund (“IEPF”) Authority” (“Authority”).
Unclaimed final dividend for the year 2010-11 and interim dividend for the year 2011-12 pertaining to members who have not encashed the said dividends is due for transfer to Authority during the financial year 2018-19. Shares, if any, pertaining to these dividend accounts which have remained unclaimed for seven (7) consecutive years or more will be transferred to the Authority along with the aforesaid Final and Interim dividend.
The details of members whose shares are liable to be transferred to the Authority is enclosed. This shall be deemed adequate notice in respect of issue of duplicate share certificate(s) by the Company for the purpose of transfer of shares to the Authority pursuant to the Rules.
Complying with the requirements set out in the Rules, the Company has communicated to the concerned members individually whose shares are liable to be transferred to the Authority under the said Rules for taking appropriate actions.
Members are requested to kindly verify their records and if the above mentioned unclaimed dividend(s) have not yet been encashed, please claim the same by making an application immediately in the enclosed form duly completed “in all respects and signed by all the holders and two (2) witnesses” along with a copy of self-attested valid Identity Proof (which has your photograph and / or signature like PAN Card / Passport / Driving License / Aadhaar Card, etc.) and send it to our Registrar & Share Transfer Agent (“RTA”) in original, so as to reach them on or before July 15, 2018 to enable them to verify and transfer the dividend to your bank account / reissue DD(s) after checking with the Bank(s) for non-payment. In case of any discrepancies or if the documents are inadequate/incomplete, the request is liable to be rejected.
Concerned members whose shares are liable to be transferred to the Authority and holding shares in:
- Physical Forms may note that the Company would be issuing duplicate share certificate(s) in lieu of the original share certificate(s) held by them for the purpose of transfer of shares to the Authority as per the Rules and upon such issue, the original share certificate(s) which are registered in their name shall stand automatically cancelled and be deemed non-negotiable.
- Dematerialized Form may note that the Company shall inform the depository by way of corporate action for transfer of shares in favour of the Authority.
In case no valid claim has been made on or before July 15, 2018, the Company shall with a view to adhere with the requirements of the Rules transfer the shares to the Authority within the due date as per the procedure set out in the Rules. No claim shall lie against the Company in respect of unclaimed dividend amount and shares transferred to the Authority pursuant to the Rules.
Procedure for claiming refund of shares and unclaimed dividend from the Authority i.e. after shares / unclaimed dividend are transferred by the Company
After transfer of shares by the Company, Members may still claim refund of shares and unclaimed dividend from the Authority by making an application to the Authority in the prescribed e-Form. The provisions of Companies Act, 2013 relating to IEPF, IEPF Rules and notifications are available on http://iepf.gov.in/IEPFA/corporates.html. The provisions of Companies Act, 2013 relating to IEPF, IEPF Rules and notifications are available on www.iepf.gov.in.
For any queries on the above matter, the members are requested to contact our RTA to their address mentioned hereunder.
Karvy Computershare Private Limited
Karvy Selenium Tower B,
Plot 31-32, Gachibowli, Financial District,
Hyderabad – 500 032
Toll Free No.: 1800-4258-998
Details of Nodal Officer:
Associate Vice President & Company Secretary
Sasken Technologies Limited
139/25, Ring Road, Domlur, Bengaluru – 560 071
+ 91 80 6694 3000
Newspaper advertisement issued by the Company