COVID-19 which requires adherence of social distancing norms the stakeholders has point out various difficulties and sought relaxation especially in procedures related to transfer of money remaining unpaid or unclaimed for a terms of seven years in terms of provisions of section 124(5) of the Companies Act 2013 and transfer of shares under section 124(6) of the Act read with the IEPFA (Accounting Audit,Transfer and Refund) Rules.
The Ministry of Corporate Affairs has already allowed filing in MCA-21 registry without any additional fees till 30th September 2020 through circular dated 24th March 2020 and circular dated 30th March 2020.
Therefore the necessary relaxation in so far as filing of various other IEPF e-forms (IEPF-1,IEPF-1A,IEPF-2,IEPF-3,IEPF-4,IEPF-7) and e-verification of claims filed in e-forms IEPF-5 the same has already been provided.
Therefore the stakeholders may plan other concomitant actions accordingly.
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