Corporate Updates 07 April 2014


1. MCA vide Notification No. GSR 217(E) [F.No.5/29/2013-IEPF], Dated 27-3-2014 notifies Investor Education and Protection Fund (Uploading of information regarding unpaid and unclaimed amounts lying with Companies) Amendment Rules, 2014, by making amendment in Rules 2, 3 and Form 5 INV and accordingly the definition of “Corresponding New Banks” has been inserted and all such banks have to ensure transfer of unclaimed dividend to earmarked a/c within 90 days of holding their annual general meeting which remains unpaid or unclaimed for a period of seven years from the date of such transfer. They shall come into force with effect from the 31st march, 2014

2. MCA has released the Table pursuant to Rule 12 of the Companies (Registration of Offices and Fees) Rules, 2014. Table of fees for the documents required to be submitted, filed, registered or recorded or for any fact or information required or authorized to be registered under the Act, shall be submitted filed, registered or recorded within the time specified in the relevant provision on payment of fee as per the Schedule given in the Table.

Speak Your Mind