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
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).
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
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
- Certified true copy of the Board Resolution for authorizing transfer/transmission (debit/credit) of shares to Demat account of IEPF Authority.
- 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).
- RTA confirmation letter for execution of corporate action
- Confirmation of debit of shares from the other depository viz., CDSL where shares are to be credited to IEPF Authority account in NSDL
- 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).
- 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
Comment