Pursuant to Section 124(5) of the Companies Act, 2013, the Company is required to transfer unclaimed dividends to the Investor Education and Protection Fund (IEPF).
The Ministry of Corporate Affairs has issued rules under which companies must upload details of unclaimed dividends on their website for public reference.
Under Section 124(6) of the Companies Act, 2013, the Company is required to transfer shares where dividends have not been paid or claimed for seven consecutive years or more to the IEPF.
The Company regularly uploads the details of such shareholders to ensure transparency and compliance with statutory requirements.