Transfer of shares to Investor Protection and Education Fund Authority
The Ministry of Corporate Affairs had vide its General Circular No. 03/2017 dated 27th April, 2017 regarding transfer of shares to Investor Protection and Education Fund (IEPF) Authority made several clarifications including opening of a special demat account by IEPF Authorities with NSDL, etc. The said circular was placed at the MCA website at the following link:
However, vide its recent circular No. 05/2017 dated 16th May, 2017, the MCA has withdrawn its General Circular No. 03/2017 dated 27th April, 2017, with immediate effect, on the grounds that the same is being reviewed by the Ministry and that fresh instructions shall be issued in due course of time.
The said circular is available on the following link:
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