Can Fin Homes Transfers 284,276 Equity Shares to IEPF in Compliance with Companies Act
Can Fin Homes Limited has transferred 284,276 equity shares belonging to 371 shareholders to the Investor Education and Protection Fund (IEPF). This transfer includes 143,396 shares from 169 shareholders in the Unclaimed Suspense Account. The action was taken due to unclaimed final dividends for the financial year 2017-18, in compliance with Section 124 of the Companies Act, 2013 and IEPF Rules, 2016. Shareholders can claim these transferred shares from the IEPF Authority as per the outlined process.

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Can Fin Homes Limited, a prominent player in the housing finance sector, has recently completed a significant transfer of equity shares to the Investor Education and Protection Fund (IEPF) in accordance with regulatory requirements. This move underscores the company's commitment to compliance and shareholder protection.
Key Details of the Share Transfer
- Total Shares Transferred: 284,276 equity shares
- Number of Shareholders Affected: 371
- Regulatory Framework: Section 124 of the Companies Act, 2013 and IEPF Rules, 2016
- Reason for Transfer: Unclaimed final dividend for the financial year 2017-18
Breakdown of Transferred Shares
The transfer included a substantial portion of shares from the company's Unclaimed Suspense Account:
Category | Number of Shares | Number of Shareholders |
---|---|---|
Total Transfer | 284,276 | 371 |
From Unclaimed Suspense Account | 143,396 | 169 |
Compliance and Shareholder Communication
Can Fin Homes Limited has emphasized its adherence to regulatory requirements by taking the following steps:
- Sending required intimations to shareholders, urging them to claim their final dividend for FY 2017-18.
- Transferring unclaimed shares to the IEPF after the stipulated period.
- Ensuring transparency by disclosing the details of the transfer to the stock exchanges.
Implications for Shareholders
Shareholders whose shares have been transferred to the IEPF should note that these shares, along with all benefits accruing on them, can be claimed from the IEPF Authority. The process for such claims is outlined in the IEPF Rules, 2016.
Company's Statement
In its communication to the stock exchanges, Can Fin Homes Limited stated, "This is for information and records," highlighting the company's commitment to keeping investors and regulatory bodies informed about significant corporate actions.
The transfer of these unclaimed shares to the IEPF is a reminder for investors to regularly review their holdings and ensure timely claim of dividends and other benefits. It also reflects the regulatory measures in place to protect investor interests and promote better corporate governance practices in the Indian financial markets.
Historical Stock Returns for Can Fin Homes
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
+0.86% | +6.19% | +3.27% | +16.14% | -10.66% | +88.44% |