2024-05-28 01:24:37
New Delhi: There’s necessary information for greater than 36 lakh shareholders of the nation’s most beneficial firm Reliance Industries Restricted. The corporate of Asia and India’s richest man Mukesh Ambani is getting ready to switch unclaimed shares to the federal government fund. If in case you have Reliance shares, then it’s important to discover out whether or not you’ve got claimed dividend on them or not and whether or not you’ve got obtained it or not. If in case you have not claimed dividend on Reliance shares for seven consecutive years or extra, then such shares will likely be transferred to the federal government fund. The corporate stated in a public discover to its shareholders on Might 25 that such shares will likely be transferred to the Investor Schooling and Safety Fund (IEPF) Authority below the Ministry of Company Affairs. Reliance stated within the public discover that if it doesn’t obtain any communication about unclaimed/uncashed dividend by or earlier than August 26, 2024, then as per the foundations, such shares will likely be transferred to the IEPF Authority. Such shares will likely be transferred to the federal government fund on which dividend has not been claimed or dividend has not been paid for the monetary yr 2015-16 or earlier. The corporate has additionally knowledgeable the involved shareholders individually about this on Might 21. These shares will likely be transferred to the federal government fund below the monetary yr 2024-25.
Mukesh Ambani is getting ready to present a tricky time to overseas firms, has made a stable plan to enter this enterprise
How you can verify
Reliance Industries has created a devoted webpage for this. By way of this, you could find out whether or not your share is eligible for switch to the federal government fund or not. For this, first go to . Click on on Particulars of Fairness Shares Chargeable for Credit score to IEPF Authority. After this, you’re going to get two choices – Yr Inverval and DP ID/Shopper ID/Folio Quantity. Fill each the small print and click on on Apply. A brand new webpage will open the place you may see the knowledge of any of your shares of Reliance.
In case your share has already been transferred to IEPF Authority, click on on Particulars of Fairness Shares Transferred to IEPF Authority after which enter your ‘Base Yr’ and DP ID/Shopper ID/Folio Quantity. In case your share has already been transferred to a authorities fund, you may nonetheless declare it. For this, the shareholder must fill an internet software. There’s a hyperlink for this.