Announcement

Collapse
No announcement yet.

Transfer of Shares to IEPF Authority Demat A/C in NSDL

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Transfer of Shares to IEPF Authority Demat A/C in NSDL

    Transfer of Shares to IEPF Authority Demat A/C in NSDL



    In regards with Circular No. NSDL/CIR/II/4/2017 dated April 28, 2017 regarding transfer of shares to the demat account of IEPF Authority, attention of Issuers/R&T Agents is invited to notification of Ministry of Corporate Affairs vide its General Circular no. 12/2017 dated October 16, 2017 wherein the Ministry has notified demat account opened by IEPF Authority in NSDL system through Punjab National Bank having DP ID: IN300708 and Client ID 10656671.



    Shares in respect of which the dividend has not been paid or claimed for a period of seven years or more, Issuers shall identify the folios/demat accounts and initiate steps for transfer of shares to IEPF A/c in coordination with NSDL.



    List of documents to be submitted to NSDL for transfer/transmission (debit/credit) of shares held by investors in physical/demat form to demat account of the IEPF Authority
    1. Certified true copy of the Board Resolution for authorizing transfer/transmission (debit/credit) of shares to Demat account of IEPF Authority.
    2. Corporate Action Information Form (For transfer/transmission of shares (debit/credit) held by investors in physical/demat form to the demat account of the IEPF Authority) duly filled in (format enclosed).
    3. RTA confirmation letter for execution of corporate action
    4. Confirmation of debit of shares from the other depository viz., CDSL where shares are to be credited to IEPF Authority account in NSDL
    5. Payment of fees

    i. Corporate action fee for NSDL to NSDL and NSDL to CDSL is Rs.10/- per record (subject to minimum of Rs. 1000/-) plus applicable GST

    ii. Corporate action fee for Physical to NSDL and CDSL to NSDL is Rs.1000/- per corporate action plus applicable GST

    iii. Special processing charges for online corporate actions; minimum of Rs. - 2,500/-and maximum of Rs. 20,000/-per corporate action.

    iv. Fees for maintaining demat account of IEPF Authority (as may be notified by NSDL based on MOU finalized with IEPF Authority).
    1. Mode of payment

    RTGS/NEFT/IMPS payment: For payment of Fees (in virtual bank accounts):

    Beneficiary Name: NATIONAL SECURITIES DEPOSITORY LIMITED

    Beneficiary Bank Name: KOTAK MAHINDRA BANK

    Beneficiary Bank IFSC Code: KKBK0000958

    Account Type: CURRENT

    Beneficiary Account Number: NSDLCA****

    ****The beneficiary account number is NSDLCA and issuer code. For example, if the issuer code is 244L, the beneficiary bank A/C no is NSDLCA244L
    i. After making the payment electronically, you are requested to intimate regarding the same at Billing_accounts@nsdl.co.in ; listedequities@nsdl.co.in

    ii. NSDL’s GSTIN details are as under:

    1. Name of company: National Securities Depository Limited

    2. Address: Trade World, 4th Floor, ‘A Wing’, Senapati Bapat Marg, Lower Parel, Mumbai-400013

    3. PAN: AADCN9802F

    4. GSTIN: 27AADCN9802F1ZG

    5. State: Maharashtra

    6. State code: 27
    Founder & Creative Mind of Megrisoft
    www.indiabook.com
    Business
    Please Do Not Spam Our Forum

  • #2
    You need to touch your inventory dealer whom you have got your nsdl demat account to being the transfer. An inter-depository transfer may be executed only for securities which can be saved within the digital shape in both the depositories.

    Comment

    Working...
    X