- Transfer of Shares to IEPF
Notice to the Shareholders (Notice dated 03.07.2019)
Dear Shareholder,
a) Ministry of Corporate Affairs (MCA) has notified new Rules viz. 'Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 which have come into force from September 7, 2016, and subsequently amended by Notification dated February 28, 2017 (`the Rules'). The said Rules, inter alia, contain provisions for transfer of all shares to IEPF in respect of which dividend has not been claimed by the shareholders for seven consecutive years or more.
b) As per the applicable provisions of the Companies Act, 2013 (the Act), all unpaid/unclaimed dividends are transferred by the Company to the IEPF established by the Central Government, after completion of seven years from the date they became due. Details of such unclaimed dividends are regularly updated on the website of MCA as well as the Company's website.
c) As per our records, the amount(s) of dividends indicated in the annexure is/are lying unpaid/unclaimed in your folio/demat account.
d) You are, therefore, requested to claim the unencashed dividend due to you by returning the Request Form (annexed herewith) duly signed by you, to Karvy Fintech Private Limited (KARVY), the Registrar and Transfer Agents of the Company, on or before October 05, 2019.
e) In case we do not receive the Request Form from you on or before October 05, 2019, we shall initiate necessary action to transfer the above shares to IEPF, as per the said Rules.
f) In case you hold shares in physical form: Duplicate share certificate(s) will be issued and transferred to IEPF. The original share certificate(s) which stand registered in your name and held by you, will stand automatically cancelled.
g) In case you hold shares in electronic form: Your demat account will be debited for the shares liable for transfer to the IEPF.
h) However, both the unclaimed dividend amount and the shares can be claimed from the IEPF Authority by making an application in the prescribed Form IEPF-5 online (http://www.iepf.gov.in/IEPF/index.html) and sending the physical copy of the same duly signed (as per the specimen signature recorded with the Company) along with requisite documents enumerated in the Form IEPF-5 to the Company at its Registered Office or to Karvy Fintech Pvt. Ltd., Registrar and Transfer Agents of the Company for verification of your claim. The Company, shall send a verification report to IEPF Authority for payment of the unclaimed dividend amount and transfer of the relevant shares back to the credit of the shareholder. As per the above mentioned Rules, only one such request can be made in one year. Please note that no claim shall lie against the Company or against Karvy Fintech Pvt. Ltd., Registrar and Transfer Agents of the Company in respect of shares / dividend transferred to IEPF pursuant to the said Rules.
i) The Rules and the application form (Form IEPF-5), as prescribed by the MCA for claiming back the shares/dividend, are available on the website of the Company (www.dalmiarefractories.com) as well as website of MCA (www.iepf.gov.in)
ii) Please feel free to contact the Company/ the Registrar and Transfer Agent (RTA) in case you have any queries, as per details furnished hereunder:
COMPANY SECRETARY
M/s Dalmia Refractories Limited
4, Scindia House, Connaught Place,
New Delhi-110001
Email:snccil@dalmiarf.com
Website: www.dalmiarefractories.comM S MADHUSUDHAN
Karvy Fintech Private Limited
Unit: Dalmia Refractories Limited
Karvy Selenium Tower B, Plot 31-32, Gachibowli
Financial District, Nanakramguda
Hyderabad – 500 032
Ph: 040-67161563
Email: einward.ris@karvy.comPlease note that the voting rights on the shares so transferred shall remain frozen until the rightful owner claims such shares and all the benefits accruing on such shares, e.g., bonus shares, split, consolidation, fraction shares, etc. except right issue shall also be credited to such Demat Account of IEPF Authority.
Only in case, there is a specific order of Court or Tribunal or statutory authority restraining transfer of shares and payment of dividend or where the shares are pledged or hypothecated under the provisions of the Depositories Act, 1996, the Company will not transfer the shares to Demat Account of IEPF Authority.
You are accordingly requested to please advise us if there is a specific order of Court or Tribunal or Statutory Authority restraining transfer of your shares and payment of dividend or if the shares are pledged or hypothecated under the provisions of the Depositories Act, 1996 and provide us a copy of such order on or before September 25, 2019.
The details of such shareholders inter-alia their names, folio number or DP ID-Client ID and number of shares due for transfer can be seen by clicking here.
