Clarifications with reference to the Investor Education and Protection Fund

CIRCULAR NO. 17/2012

 Government of India; Ministry of Corporate Affairs

Dated: 23rd July, 2012

 CIRCULAR

The following clarifications are issued with reference to the Investor Education and Protection Fund (uploading of information regarding unpaid and unclaimed amounts lying with companies) Rules 2012, published in the Gazette of India Part II section 3 sub section (i) vide Notification No. G.S.R. 352 (E) dated the 10th May, 2012:

 (a) As per these rules, information is to be filed in Form 5 INV. The cut-off date for filing information in Form 5 INV refers to the  date of AGM upto which  the information relating to a particular year is to be updated and then filed. Example: for the financial year ended 31.03.2012, where date of AGM is 30.09.2012, the complete information regarding unpaid and unclaimed amounts has to be updated till the date of AGM i.e. upto 30.09.2012 and then this information is to be filed through eform 5 INV within 90 days of the date of AGM i.e. by 29.12.2012.

(b) The Companies will have to file Form 5 INV for the year 2010-2011 upto 31st  July, 2012 or within 90 days of the date of Annual General Meeting, whichever is later.

 (c) Any company which has filed Form No. 5 INV but could not upload correct excel template within 14 days from the date of filing Form 5 INV, can file details of investors in excel template upto 31st August, 2012.

 (d) The Companies are required to file one Form No. 5 INV each year for furnishing information on unpaid/unclaimed amounts lying with companies as on the date of Annual General Meeting.

 To

 (1)       All Regional Directors

(2)       All Registrars of Companies

(3)       E-Governance Cell for placing on the Ministry’s website

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