Sub : Transfer of Equity Shares of the Company to Investor Education and Protection Fund (IEPF) Authority
This Notice is published pursuant to the provisions of the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 notified by the Ministry of Corporate Affairs effective September 7, 2016 and amendments made thereto ( referred to as “the Rules”).
The Rules, amongst other matters, contain provisions for transfer of all shares in respect of which dividend has remained unpaid or unclaimed by the shareholders for seven consecutive years or more in the name of Investor Education and Protection Fund (IEPF) Authority.
The Company has, vide letter dated 26.07.2021 communicated to the concerned shareholders whose shares are liable to be transferred during the financial year 2021-2022 to IEPF Authority under the said Rules.
The Company has uploaded details of such shareholders whose shares are due for transfer to IEPF Authority on its website at ambika@acmills.in .Shareholders are requested to verify.
Shareholders may note that both the unclaimed dividend and the shares transferred to IEPF Authority including all benefits accruing on such shares, if any, can be claimed back from IEPF Authority after following the procedure prescribed under the Rules.
The concerned shareholders, holding shares in physical form and whose shares are liable to be transferred to IEPF Authority, may note that upon such transfer, the original share certificate(s) which stand registered in their name will stand automatically cancelled and be deemed non-negotiable. The shareholders may further note that the details uploaded by the Company on its website should be regarded and shall be deemed adequate notice by the Company for the purpose of transfer of shares to IEPF Authority pursuant to the Rules.
In case the Company does not receive any communication from the concerned shareholders within three months from the date of this notice, the Company shall transfer the shares to IEPF Authority as per procedure stipulated in the Rules.
In case the shareholders have any queries on the subject matter, they may contact the Company’s Registrar and Transfer Agents at S.K.D.C Consultants Ltd., Surya 35, Mayflower Avenue, Behind Senthil Nagar, Sowripalayam Road, Coimbatore – 641028. Phone: +91 422 4958995 / 2539835-836 | Fax: +91 422 2539837.Email: info@skdc-consultants.com .
Place: Coimbatore
For Ambika Cotton Mills Limited Date: 27.07.2021
P.V.Chandran
Chairman and Managing Director