S

Rule

Pre-Amendment

Post-Amendment

No.

1

Rule

3(2)

of

There shall be credited to

There shall be credited to the Fund,

Investor

the

Fund,

the

following

the following amounts, namely:-

Education

and

amounts, namely:-

Protection

(a)    all    amounts    payable    as

Fund Authority

(a)

all  amounts

payable

mentioned  in  clause  (a)  to  (n)  of

(Accounting,

as

mentioned  in

clause

sub-section (2) of section 125 of the

Audit, Transfer

(a) to (n) of sub-section

Act;

and

Refund)

(2) of section 125 of the

Rules, 2016:

Act;

(b)  all  shares  in  accordance  with

sub-section (6) of section 124 of the

Fund

(b)

all

shares

in

Act;

accordance

with

sub-

section (6) of section 124

(c) all the resultant benefits arising

of the Act;

out of shares held by the Authority

under clause (b);

(c)

all

the

resultant

benefits

arising

out

of

(d)  all  grants,  fees  and  charges

shares

held

by

the

received  by  the  Authority  under

Authority

under

clause

these rules;

(d)  all  grants,  fees  and

Authority from such other sources as

charges

received

by

the

may be decided upon by the Central

Authority

under

these

Government;

rules;

(f)   all   income   earned   by   the

(e) all sums received by

Authority in any year;

the

Authority

from

such

other sources as may be

(fa) all shares held by the Authority

decided

upon

by

the

in  accordance  with  proviso  of  sub-

Central Government;

section (9) of

section  90  of  the  Act  and  all  the

(f) all income earned by

resultant benefits arising out of such

the Authority in any year;

shares, without any restrictions

(g)

all

amounts

payable

(g)    all    amounts    payable    as

as   mentioned   in   sub-

mentioned  in  sub-section  (3)  of

section (3) of section 10B

section    10B    of    the    Banking

of

the

Banking

Companies (Acquisition and Transfer

Companies

(Acquisition

of Undertakings) Act, 1970, section

and

Transfer

of

10B   of   the   Banking   Companies

Undertakings)

Act, 1970,

(Acquisition

and

Transfer

of

section

10B

of

the

Undertakings) Act, 1980, sub-section

Banking

Companies

(3) of section 38A of the State Bank

(Acquisition

and Transfer

of India Act, 1955],and section 40A

of

Undertakings)

Act,

of   the   State   Bank   of   India

1980,  sub-section  (3)  of

(Subsidiary Bank) Act, 1959; and’

section 38A of the State

Bank

of

India

Act,

(h)   all   other   sums   of   money

1955],and section 40A of

collected   by   the   Authority   as

the  State  Bank  of  India

envisaged in the Act.

(Subsidiary

Bank)

Act,

1959; and’

(h)  all  other  sums  of

money

collected

by

the

Authority as envisaged in

the Act.

2

Rule   6A

of

N.A.

New Insertion

Investor

Education

and

(1) The shares shall be credited to

Protection

DEMAT Account of the Authority to

Fund Authority

be opened by the Authority for the

(Accounting,

said  purpose,

within

a  period

of

Audit, Transfer

thirty days of such shares becoming

and

Refund)

due to be transferred to the Fund.

Rules, 2016:

Provided that transfer of shares by

Manner

of

the companies to the Fund shall be

transfer

of

deemed to be transmission of shares

shares

under

and the procedure to be followed for

sub-section (9)

transmission   of   shares   shall   be

of

section

90

followed  by  the  companies  while

of

the

Act

to

transferring the shares to the fund.

the Fund

Provided  further  that  such  shares

shall be transferred to the Authority

without  any  restrictions  and  no

application shall be filed for claiming

back such shares from the Authority.

(2)  For  the  purposes  of  effecting

transfer  of  such  shares,  the  Board

shallauthorisethe

Company

Secretary  or  any  other  person  to

sign the necessary documents.

(3)  The  company  shall  follow  the

following

procedure

while

transferring the shares, namely:-

(A) for the purposes of effecting the

transfer, where the shares are dealt

with in a depository-

(i)  the  company  shall  inform  the

depository  by  way  of  corporate

action, where the shareholders have

their accounts for transfer in favour

of the Authority,

(ii) on receipt of such intimation, the

depository shall effect the transfer of

shares in favour of DEMAT account

of the Authority;

(B) for the purposes of effecting the

transfer  of  shares  held  in  physical

form-

(i)  the  Company  Secretary  or  the

person authorised by the Board shall

shares or securities are held by the

Authority  is  being  wound  up,  the

Authority

may

surrender

the

securities  to  receive  the  amount

entitled  on  behalf  of  the  security

holder and credit the amount to the

Fund and a separate ledger account

shall   be   maintained   for   such

proceeds.

(11)  Any  further  dividend  received

on such shares shall be credited to

the  Fund  and  a  separate  ledger

account shall be maintained for such

proceeds.

(12)  Any  amount  required  to  be

credited  by  the  companies  to  the

Fund  as  provided  under  sub-rules

(9), (10) and sub-rule (11) shall be

remitted  into  the  specified  account

of the IEPF Authority maintained in

the Punjab National Bank  [and the

details thereof shall be furnished to

the  Authority  in  Form  No.  IEPF-7

within thirty days from the date of

remittance].

Provided   further   that   all   such

amounts shall be transferred to the

Authority

without

any  restrictions

and no application shall be filed for

claiming  back  such  amounts  from

the Authority.

(13) Authority shall furnish its report

to  the  Central  Government  as  and

when noncompliance of the rules by

companies came to its knowledge.”

3

eforms  IEPF-4

-

Substitution  of

eforms

IEPF-4

and

and IEPF-7

IEPF-7 with the updated versions of

the   same   as   to   enable   the

requirement of filing the said eforms

pursuant

to

the

requirements

introduced through Rule 6A of IEPFA