:: Dividend for the financial year ended 31st March, 2016
The Members of the Company, at the 105th AGM, declared dividend of Rs. 8.50 (including
Special dividend of Rs. 2.00) per Ordinary Share of Re. 1/- each for the financial
year ended 31st March, 2016. The aforesaid dividend was remitted on 25th July, 2016
to the Members entitled thereto. Click here for details of the aforesaid dividend
that was not claimed or paid within thirty days from the date of declaration and
was transferred to the Unpaid Dividend Account of the Company within the statutory
time period.
Unclaimed Dividend
Unclaimed dividend for the years prior to and including the financial year 2008-09
has been transferred to the General Revenue Account of the Central Government /
the Investor Education and Protection Fund (IEPF) established by the Central Government,
as applicable. Members may claim refund of their aforesaid dividend from the IEPF
Authority by following the procedure prescribed under the IEPF Authority (Accounting,
Audit, Transfer and Refund) Rules, 2016. Click here for visiting the IEPF website
to claim refund from the IEPF Authority. The dividend for the undernoted years and
sale proceeds of fractional entitlements, if remaining unclaimed for 7 years, will
be transferred by the Company to IEPF in accordance with the schedule attached.
Click here for the schedule.
:: Transfer of Ordinary Shares to the Investor Education and Protection Fund
In terms of Section 124 of the Companies Act, 2013, recently notified by the Ministry
of Corporate Affairs, Government of India (MCA), Ordinary Shares of the Company,
in respect of which dividend entitlements have remained unclaimed or unpaid for
seven consecutive years or more, are required to be transferred by the Company to
the Investor Education and Protection Fund (IEPF) of the Government of India. Unclaimed
or unpaid dividend up to the year ended 31st March, 2009 has been transferred by
the Company to the IEPF within the statutory time period and such dividend from
the year ended 31st March, 2010 is presently lying with the Company. In terms of
the IEPF Authority (Accounting, Audit, Transfer and Refund) Rules, 2016, individual
letters have been sent to the concerned Members providing them an opportunity to
claim such dividend for the year ended 31st March, 2010 and onwards by sending a
letter under their signature to the Investor Service Centre (ISC), ITC Limited,
37 Jawaharlal Nehru Road, Kolkata 700 071. In the event valid claim is not received
by ISC, the Company shall take action towards transfer of the shares to the IEPF,
as aforestated, pursuant to the said Rules.