Through this notification, MCA has amended IEPFA (Accounting, Audit, Transfer and Refund) Rules, 2016, to prescribe detailed procedure with respect to manner of transfer of Shares held by the Significant Beneficial Owners as required under proviso of sub-section (9) of Section 90 of the Act and the resultant benefits arising out of such shares, without any restrictions. The Company shall file forms IEPF-4 and IEPF-7 with the Authority to notify the transfer of shares (including bonus, split, consolidation etc.) and the amount credited towards Dividend, Surrender etc. as provided under Rule 6A of the said Rules.
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