IEPF-1A & Nodal Officer - Short Note - Series No. 504
IEPF-1A & Nodal Officer
Statement of amounts credited to Investor
Education and Protection Fund
The
companies which have transferred any amount referred to in clauses (a) to (d)
of sub-section (2) of section 205C of the Companies Act, 1956 (1 of 1956) to
Investor Education and Protection Fund or Central Government, but have not
filed the statement or have filed the statement in any format other than excel
template, as required under Rule 5(4), shall submit details mentioned in Rule
5(4) in Form IEPF – 1A along with excel template within 60 days of notification of these amended rules.
Due
Date of filing of this form is 19th
October, 2019
OBJECT:
It was
seen that for the period prior to notification of Form IEPF -1, though the
companies had remitted the amount due to IEPF, but had not uploaded investor
wise details in excel template. Due to absence of relevant information, the
amount to be refunded to individual claimant was not verifiable.
IEPF
-1A shall allow companies to upload investor wise details in excel format for
all such transfers whether made through INV-1, Form 1 or Challans. In future, companies
shall only be required to quote SRN of IEPF -1A in their e-verification report.
APPOINTMENT
OF NODAL OFFICER
MCA
Notification Dated 14th
August, 2019 Investor Education and Protection Fund Authority (Accounting,
Audit, Transfer and Refund) Second Amendment Rules, 2019, these rules shall be notified w.e.f. 20th August, 2019.
New Rule 7(2B)
“The details of the Nodal Officer
and Deputy Nodal Officer duly indicating his or her designation, postal
address, telephone and mobile number and company authorized e-mail ID shall be
communicated to the IEPF Authority in Form IEPF
– 2 within fifteen days from the date of publication of these rules and the
company shall display the name of Nodal Officer and his e-mail ID on its
website.”
Note: Due date of
Filing of e-form IEPF- 2 is 3RD September, 2019
Purpose
of Filing
|
Appointment
of Nodal Officer
|
Details
of Nodal Officer
|
Enter
the Income tax PAN of the Nodal Officer and click the Verify PAN button.
Based on the Income tax PAN, the details of the Nodal Officer’s name,
father's name and DOB shall be verified with the PAN records. In case the
details do not match, error message shall be displayed.
|
Note:
If form is filed for
‘Appointment of Nodal Officer/Deputy Nodal Officer’ or ‘Updation of details of
Nodal Officer/Deputy Nodal Officer’, then post SRN approval Nodal
Officers/Deputy Nodal Officers are required to register themselves as Nodal
Officer-IEPF on MCA website with their PAN. The details entered while
registering on MCA website should match with the details provided in form
IEPF-2.
(Author – CS Divesh Goyal, GOYAL DIVESH &
ASSOCIATES Company Secretary in Practice from Delhi and can be contacted at csdiveshgoyal@gmail.com).
Disclaimer:
The
entire contents of this document have been prepared on the basis of relevant
provisions and as per the information existing at the time of the preparation.
Although care has been taken to ensure the accuracy, completeness and
reliability of the information provided, I assume no responsibility therefore.
Users of this information are expected to refer to the relevant existing
provisions of applicable Laws. The user of the information agrees that the
information is not a professional advice and is subject to change without
notice. I assume no responsibility for the consequences of use of such
information. IN NO EVENT SHALL I SHALL BE LIABLE FOR ANY DIRECT, INDIRECT,
SPECIAL OR INCIDENTAL DAMAGE RESULTING FROM, ARISING OUT OF OR IN CONNECTION
WITH THE USE OF THE INFORMATION
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