MCA UPDATE ON FORM #IEPF-5
THE MCA — THROUGH ITS NOTIFICATION DATED OCTOBER 1, 2025 — HAS REVISED FORM #IEPF-5, MAKING THE CLAIM PROCESS MORE STREAMLINED AND USER-FRIENDLY WITH THE #EFFECTIVE #OCTOBER 6, 2025,
WHAT IS FORM #IEPF-5?
It is the application by an investor (claimant) to claim unpaid amounts (such as unclaimed dividends, matured deposits, matured debentures, interest, etc.) and/or shares that have been transferred to the Investor Education and Protection Fund (IEPF).
APPLICABLE COMPANY LAW SECTION
It is provided under Section 125(3) of the Companies Act, 2013 and Rule 7 of the IEPF (Accounting, Audit, Transfer and Refund) Rules, 2016.
WHAT IS NEW IN THE FORM #IEPF-5?
The ‘Entitlement Letter’ issued by the company or bank, earlier a mandatory attachment, is now optional.
Claimants (individuals/entities) can now file the form through an Authorised Representative by submitting an authority letter.
A new facility has been introduced to claim shares only, without mandatorily claiming the associated amount.
FINAL THOUGHTS
The rules governing deficiency handling and resubmission (for claims under IEPF-5) have been articulated / clarified recently (as cited above) in internal guidelines / commentary.
These changes aim to simplify the IEPF claim process
R V SECKAR , FCS, LLB 79047 19295
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