Unpaid/unclaimed DividendPursuant to section 205C of the Companies Act, 1956, the Central Government has established a Fund called Investor Education and Protection Fund (IEPF) which is credited inter- alia with the amount of Dividend remaining unclaimed and unpaid for a period of 7 years from the date they are transferred to unpaid Account.
On 10th May, 2012, the Ministry of Corporate Affairs has notified Investor Education and Protection Fund (Uploading of information regarding unpaid and unclaimed amounts lying with companies) Rules, 2012, whereby companies are required to identify and upload information regarding unclaimed amounts due to be transferred to IEPF on the Ministry's website and also on its own website. It has been the endeavour of the Company to be present across all segments of the realty sector and its modern commercial offerings are inline with this stratergy.
Accordingly, such unpaid / unclaimed amounts along with their respective due dates for transfer to IEPF are provided for the benefit of shareholders. The shareholders may claim their unclaimed / unpaid amount due to them by making an application to the Company giving their particulars before the same are transferred to the IEPF. Once unclaimed dividend is transferred to IEPF, no claim shall lie in respect thereof either with the Company or IEPF.
|Year||Type of Dividend||Rate of Dividend (per Equity Share)||Date of Declaration of Divivdend||Due date of Transfer to IEPF||Amount in Rs. as on 31st March, 2016|
|2014-15||Final||1.1||30th September, 2008||5th November, 2015||375852.00|