{"id":12483,"date":"2022-12-09T08:40:37","date_gmt":"2022-12-09T08:40:37","guid":{"rendered":"https:\/\/swaritadvisors.com\/blog\/?p=12483"},"modified":"2022-12-09T08:44:32","modified_gmt":"2022-12-09T08:44:32","slug":"what-is-form-iepf-5","status":"publish","type":"post","link":"https:\/\/swaritadvisors.com\/blog\/what-is-form-iepf-5\/","title":{"rendered":"What is Form IEPF-5?"},"content":{"rendered":"\n<p>The Investor Education and Protection Fund were instituted by the Central Government to protect the interests of investors and create awareness among investors. The Investor Education and Protection Fund, or the IEPF, is regulated by Section 125 of the Companies Act,2013 &amp; the Investor Education &amp; Protection Fund Authority (Appointment of Chairpersons and Members, holding of meetings and provisions for office and officers) Rules, 2016. Scroll down to check more about Form IEPF 5<strong>.<\/strong><\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a5496f0b148b\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a5496f0b148b\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/swaritadvisors.com\/blog\/what-is-form-iepf-5\/#Claiming_a_Refund_from_IEPF_Authority_through_Form_IEPF-5\" title=\"Claiming a Refund from IEPF Authority through Form\nIEPF-5\">Claiming a Refund from IEPF Authority through Form\nIEPF-5<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/swaritadvisors.com\/blog\/what-is-form-iepf-5\/#Necessary_Documents_Required_to_File_Form_IEPF-5\" title=\"Necessary Documents Required to File Form IEPF-5\">Necessary Documents Required to File Form IEPF-5<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/swaritadvisors.com\/blog\/what-is-form-iepf-5\/#Procedure_to_Claim_Refund_under_Form_IEPF-5\" title=\"Procedure to Claim Refund under Form IEPF-5\">Procedure to Claim Refund under Form IEPF-5<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/swaritadvisors.com\/blog\/what-is-form-iepf-5\/#Steps_to_Check_the_Status_of_Refund_Claim_Filed_under_Form_IEPF-5\" title=\"Steps to Check the Status of Refund Claim Filed under\nForm IEPF-5\">Steps to Check the Status of Refund Claim Filed under\nForm IEPF-5<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/swaritadvisors.com\/blog\/what-is-form-iepf-5\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Claiming_a_Refund_from_IEPF_Authority_through_Form_IEPF-5\"><\/span>Claiming a Refund from IEPF Authority through Form\nIEPF-5<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The law, as laid under the Companies Act, 2013 and IEPF Rules, 2016 states that a person can claim refunds with the IEPF authority to claim the unpaid and unclaimed shares and dividends which have been transferred to the IEPF fund by the company by filing Form IEPF-5 as provided under Section 125(3) of the Companies Act, 2013. So, the shareholders of a company whose unpaid or unclaimed amounts have been transferred to IEPF can claim refunds from the IEPF authority by filing e-form IEPF-5 on the official portal of <strong>the Ministry of Corporate Affairs<\/strong><sup><a href=\"https:\/\/www.mca.gov.in\/content\/mca\/global\/en\/home.html\"><strong>[1]<\/strong><\/a><\/sup>.<\/p>\n\n\n\n<p>Section 125\n(2)(c) of the Companies Act, 2013 states that \u2013 \u201c<em>there shall be credited the\namount in the Unpaid Dividend Account of the Companies transferred to the fund\nunder Section 124 (5) of the Companies Act, 2013.<\/em><\/p>\n\n\n\n<p>Section 124 of the Companies Act 2013 deals with Unpaid Dividend Accounts. Section 124(5) mandates that when money, which has been transferred to the unpaid dividend account of a company, remains unclaimed\/unpaid for 7 years, such money is required to be transferred to the IEPF with interest and the company is also required to send a statement to the Investor Education and Protection Fund Authority. The Investor Education &amp; Protection Fund Authority, in return, is to provide a receipt to the Company as evidence of such transfer. <\/p>\n\n\n\n<p><em>Section\n124(6) <\/em>of the Companies Act, 2013 states that any share for\nwhich a dividend has remained unpaid\/unclaimed for seven consecutive years\/more\nmust be transferred by the company to IEPF and along with a statement giving\ndetails of such transfer.<\/p>\n\n\n\n<p>Section\n125(3) of the Companies Act, 2013 states that shareholders of matured deposits\nor matured debentures or unpaid dividends are empowered to claim a refund of\nthe unpaid amount which has been transferred to IEPF.<\/p>\n\n\n\n<p>Rule 7(1) of the Investor Education &amp; Protection Fund Authority (Appointment of Chairpersons and Members, holding of meetings and provisions for office and officers) Rules, 2016 provides for circumstances when shareholders can claim a refund of specific amounts which have been transferred by the Company to the <strong><a href=\"https:\/\/swaritadvisors.com\/recovery-of-shares\" class=\"text-primary\">IEPF<\/a><\/strong>. The refund can be claimed by applying to the Investor Education and Protection Fund Authority through Form IEPF-5 along with the requisite fee as prescribed by the Investor Education and Protection Fund Authority in consultation with the Government of India. Shareholders can claim refunds in the following circumstances under Form IEPF-5 when such have been transferred to the IEPF: <\/p>\n\n\n\n<ul><li>Shares<\/li><li>Unpaid dividend<\/li><li>Matured deposits<\/li><li>Matured debentures<\/li><li>Application money which is to be\nrefunded<\/li><li>Redemption proceeds of preference\nshares<\/li><li>Interest on sale proceeds of\nfractional shares<\/li><\/ul>\n\n\n\n<p>A claimant\ncan only file one consolidated claim against one Aadhar number in one fiscal\nyear. Details of multiple folios of the same company have to be included in one\nconsolidated claim. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Necessary_Documents_Required_to_File_Form_IEPF-5\"><\/span>Necessary Documents Required to File Form IEPF-5<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Documents which are required to be submitted while\nfiling Form IEPF-5 are as follows:<\/p>\n\n\n\n<ul><li>Copy\nof Form IEPF-5 filled and uploaded on the MCA website signed by the claimant\nand if there are joint holders, the Form should be signed by all of them.<\/li><li>Copy\nacknowledgement with Special Request Number generated after uploading Form\nIEPF-5 on the IEPF website.<\/li><li>An\nindemnity bond which, with the signature of the claimant to be executed, in\ncase of a dividend where the dividend amount does not exceed Rupees 10000, on\nplain paper. The indemnity bond must be executed on non-judicial stamp paper of\nrequired value as provided under the Stamp Act for a claim of dividend amount\nexceeding Rupees 10000 and shares.<\/li><li>Advance\nstamped receipt with the signature of the claimant and two witnesses<\/li><li>KYC\ndocuments of the claimant- Self-attested copies of Aadhar Card and Pan Card. In\nthe case of joint holders, self-attested Aadhar card copies of all such joint\nholders.<\/li><li>Original\ncancelled cheque<\/li><li>Original\nshare certificate where shares are claimed in Physical Form<\/li><li>If\nthe shares were held in a Demat account, then a copy of the account showing\nproof of debit of shares to IEPF<\/li><li>Proof\nof entitlement like dividend warrant, interest warrant, share certificate,\napplication number<\/li><li>Copy\nof passport, Overseas Citizen of India Card, Person of Indian Origin card in\ncase of foreigners or NRIs<\/li><li>Client\nmaster list of the Demat account of the claimant duly attested by the claimant<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Procedure_to_Claim_Refund_under_Form_IEPF-5\"><\/span>Procedure to Claim Refund under Form IEPF-5<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The following are the necessary steps to be followed\nto file Form IEFP-5 by shareholders whose unpaid or\nunclaimed amounts have been transferred by the Company to IEPF:<\/p>\n\n\n\n<ol><li>Before the claimant fills out the e-form, there is certain information which is required to be with the claimant. Details pertaining to the dividend to be claimed, like a number of claims, folio number or Demat number, amount of claim and financial year to which the claim relates and reason for non-receipt of claims, details pertaining to the shares claimed to, like the type of shares, a number of shares, folio number or demat number and CIN of the company should be kept ready. The claimant must also give details of the bank account in which the refund has to be claimed and details of the demat account in which shares shall be credited.<\/li><\/ol>\n\n\n\n<ul><li><strong>Fill\nClaim Form IPEF-5 <\/strong><\/li><\/ul>\n\n\n\n<p>The applicant should visit the official website\nof IEPF and go to &#8220;Web Form IPEF-5&#8221;. The link would take the\napplicant to the MCA portal where the Form is to be filled in by the applicant\nby adding all required details like particulars of the applicant and the\ncompany, details of the shares and amounts claimed, Aadhar number or details of\npassport\/OCI\/PIO cards as applicable, demat account number, details of Aadhar\nlinked bank account.<\/p>\n\n\n\n<p>Once the Form has been filled out, download the\nForm.<\/p>\n\n\n\n<ul><li><strong>Upload\nForm on the IPEF Website <\/strong><\/li><\/ul>\n\n\n\n<p>After the Form has been downloaded, the claimant\nmust visit the IPEF website by clicking on the Forms tab and further clicking\non the \u2018Upload e-Forms&#8217; option. Once the Form has been successfully uploaded,\nan acknowledgement with SRN will be generated. The claimant is to take a\nprintout of the Form uploaded and the acknowledgement.<\/p>\n\n\n\n<ul><li><strong>Submit\nDocuments to the Nodal Officer<\/strong><\/li><\/ul>\n\n\n\n<p>The claimant is then required to submit all the documents as mentioned above, a self-attested copy of the e-form and a copy of the acknowledgement in an envelope titled \u201cClaim for Refund from IEPF Authority\u201d to the Nodal Officer of the company at the registered office of the company. The company shall verify Form IPEF-5 and send a detailed report with the Form and document to the IEPF authority.<\/p>\n\n\n\n<ul><li><strong>Assessment\nby IEPF Authority<\/strong><\/li><\/ul>\n\n\n\n<p>Once the IEPF authority receives the Form and\nthe documents, it shall assess the Form and the documents and scrutinize the\naccuracy, completeness, and sufficiency to support the claim for refund.<\/p>\n\n\n\n<ul><li><strong>Release\nof Refund by IEPF Authority<\/strong><\/li><\/ul>\n\n\n\n<p>Once the IEPF authority has assessed and claim form,\ndocuments, and credit transferred by the Company to the IEPF authority and is\nsatisfied as to the credibility of the claim, it shall release the refund which\nhas been claimed to the account of the shareholder which is linked with her\nAadhar Card.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Steps_to_Check_the_Status_of_Refund_Claim_Filed_under_Form_IEPF-5\"><\/span>Steps to Check the Status of Refund Claim Filed under\nForm IEPF-5<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>If the claimant needs to check the status of the\nrefund claim made to the IEPF authority, the claimant can follow the following steps:<\/p>\n\n\n\n<ul><li>Visit\nthe official MCA website and click on the MCA Services tab.<\/li><li>The\nnext vital step is to click on the &#8216;Track SRN\/Transaction Status&#8217; and follow\nthe link to the &#8216;Track SRN\/Transaction Status&#8217; page.<\/li><li>Once\nthe page is displayed, click on the Track Transaction Status menu under the\nServices tab.<\/li><li>Enter\nthe SRN for the claim under the SRN field and fill in the time range of when\nthe transaction was completed.<\/li><li>Now\nthe claimant must select the relevant option from many given under Service Type\nand click the Search button to reveal the current status of the claim made to\nthe IEPF authority by the claimant.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The Government of India established the Investor Education and Protection Fund to protect the interests of investors and generate awareness amongst investors. The government has laid down mechanisms to protect the rights and claims of shareholders whose unpaid or unclaimed amounts have been transferred by the company to the IEPF as per the law laid down under the Companies Act, 2013 and IEPF Rules, 2016. Shareholders with legitimate and credible claims can apply to the IEPF authority to claim a refund of unclaimed or unpaid amounts transferred to it by the company by filing Form IEPF-5. It is imperative that such shareholders be aware of this right to claim such a refund, the procedure involved, and the documents and other details required to avail of such refunds.<\/p>\n\n\n\n<p class=\"text-left\"><b>Read our Article<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/swaritadvisors.com\/blog\/procedure-for-recovery-of-shares-from-iepf-in-india\/\">Procedure for Recovery of Shares from IEPF in India<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Investor Education and Protection Fund were instituted by the Central Government to protect the interests of investors and create awareness among investors. The Investor Education and Protection Fund, or the IEPF, is regulated by Section 125 of the Companies Act,2013 &amp; the Investor Education &amp; Protection Fund Authority (Appointment of Chairpersons and Members, holding [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":12487,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1070],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/posts\/12483"}],"collection":[{"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/comments?post=12483"}],"version-history":[{"count":6,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/posts\/12483\/revisions"}],"predecessor-version":[{"id":12492,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/posts\/12483\/revisions\/12492"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/media\/12487"}],"wp:attachment":[{"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/media?parent=12483"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/categories?post=12483"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/swaritadvisors.com\/blog\/wp-json\/wp\/v2\/tags?post=12483"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}