Rules for claiming securities / dividends from the Investor Education Protection Fund simplified

Ministry of Corporate Affairs (MCA) by issuing a Notification on 9^th November 2021 has amended Investor Education and Protection Fund Authority ( Accounting, Audit, Transfer and Refund) Rules 2016 in order to simplify and or ease the procedure hitherto prevailing for claiming securities / dividends from IEPF. Amongst others requirement of submitting “succession Certificate or Probate or Will or Letter of Administration or Decree as may be applicable, has been done away with for value of securities per issuer company upto Rs 5 (five) lacs. This threshold hitherto was Rs 2 (two) lacs only.It has also been provided that the Company with approval of its Board may further enhance said limit of Rs 5 (five) lacs in accordance with Schedule VII of SEBI LODR 2015

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