Amendment in Rules under Companies Act, 2013 | MCA
Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Amendment Rules, 2021 Ministry of Corporate Affairs has amended Rules relating to transfer of shares to Investor Education and Protection Fund (IEPF). A new clause (fa) in Rule 3(2) has been inserted which states that in case of non- filing of any application within one year against order of Tribunal u/s 90(9) of Companies Act, 2013, such shares shall be transferred to credited to IEPF on expiry of said one year . Sec. 90(9) prescribes order regarding shares in questions of individual/s who is/are significant beneficial owners in a company. Rule 6A has also been inserted in Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 which provides for manner of transfer of shares under section 90(9) of the Companies Act, 2013 to the Fund (IEPF). Accordingly, FORM NO. IEPF-4 (Statement of shares transferred to the Investor Education a...