Unclaimed Shares

Unclaimed Shares

View the related notices, regulations and treatment of Unclaimed Shares

In terms of the provisions of Section 124(6) of the Companies Act, 2013 (the 'Act') read with the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer, and Refund) Rules, 2016 ('IEPF Rules'), as amended from time to time, equity shares in respect of which, dividend has not been claimed for a period of seven consecutive years or more shall be transferred to Investor Education and Protection Fund ('IEPF'), a Fund constituted by the Government of India under Section 125 of the Act.

Note:
Pursuant to effectiveness of the Scheme of Amalgamation of GRUH Finance Limited (‘GRUH’) into and with Bandhan Bank Limited (the 'Bank'), GRUH has been amalgamated with the Bank with effect from October 17, 2019. Therefore, all the claims relating to dividend declared by erstwhile GRUH Finance will now be made with the Bank.

In view of the above provisions, the Bank has sent individual notices to the respective shareholders through permitted mode on their latest addresses available with the Bank / Registrar and Share Transfer Agent (‘RTA’), inter alia, providing the details of shares due to be transferred to IEPF Authority. In addition to the individual notices and in compliance with the IEPF Rules, the Bank has also been issuing newspaper notices, for the benefits of the Shareholders, in the leading newspaper in English and in regional language having wide circulation, informing the concerned shareholders that their names and folio number/ DP ID - Client ID are available on the website of the Bank with the website address. Accordingly, in compliance with the IEPF Rules, newspaper advertisement was made by the Bank on April 23, 2022, intimating the concerned shareholders about the due date for transfer of shares to IEPF on or after July 27, 2022. The said newspaper advertisement was made in Economic Times (English edition) and in Bengali in Bartaman (West Bengal edition) and in Gujarati in Sandesh (Ahmedabad edition). To view the last newspaper advertisement, 

Click Here

A. List of shareholders whose shares will be transferred to IEPF Authority on or after July 27, 2022.

Details of shareholders along with their folio number or DP ID - Client ID, whose shares are due for transfer to IEPF Authority, is made available here at link

Unclaimed shares

B. Due dates for transfer of Shares to IEPF Authority

The shareholders who have not claimed the dividend for seven consecutive years are requested to claim the unclaimed dividend amount(s) well within the due dates, failing which their shares will be transferred to IEPF Authority within 30 days from date of completion of seven years. The due date for such transfer is mentioned hereunder for your information:

Financial Year for which dividend declared Date of declaration of dividend Last date for claim of dividend Due date of transfer of shares to IFPF
2014-15 (GRUH) June 26, 2015 July 27, 2022 July 27, 2022
2015-16 (GRUH) June 22, 2016 July 21, 2023 July 21, 2023
2016-17 (GRUH) June 15, 2017 July 13, 2024 July 13, 2024
2017-18 (GRUH) May 30, 2018 June 27, 2025 June 27, 2025
2017-18 July 19, 2018 August 19, 2025 August 19, 2025
2018-19 (GRUH) July 19, 2019 August 20, 2026 August 20, 2026
2018-19 June 28, 2019 July 28, 2026 July 28, 2026
2019-20* NA NA NA
2020-21 August 06, 2021 September 06, 2028 September 06, 2028

*Pursuant to RBI Circular No. RBI/2019-20/218 DOR.BP.BC.No.64/21.02.067 /2019-20 dated April 17, 2020, whereby banks were advised not to make any further dividend payouts from profits pertaining to the financial year ended March 31, 2020. Therefore, the Bank had not declared dividend for the FY 2019-2020

Once the equity shares are transferred to IEPF, the concerned shareholder can claim both unclaimed dividend amount and the underlying equity shares transferred to IEPF Authority’s Demat Account from IEPF Authority:

  1. By making an application in web based Form IEPF-5 available at http://iepf.gov.in/IEPF/corporates.html along with applicable fees; and
  2. Sending the physical copy of such application duly signed by all the joint holders {as per registered specimen signature(s)} along with all the relevant documents enumerated in the aforesaid web based Form IEPF-5 to the Bank at its registered office or to the RTA for verification of their claim;
  3. Shareholders may scan the whole set of documents and send the same to the Bank at companysecretary@bandhanbank.com to enable quick processing.

In terms of the provisions of the IEPF Rules, the Bank is required to submit the e-verification report to the IEPF Authority within 30 days from the date of filing of web-based e-form IEPF -5. Accordingly, you are requested to submit the original documents complete in all respect pertaining to the claim made through e-form IEPF -5 to the Bank or its RTA, at the address provided herein below, well before the prescribed timeline of 30 days, so as to enable us to file the e-verification report within 30 days of filing of such e-form 5 by you. In case, the aforesaid documents are not received within the timeline as specified above or incomplete documents, the Bank would be bound to file e-verification report for rejection of such claim. Upon submission of e-verification report by the Bank, the IEPF Authority shall verify the documents as submitted by such shareholder may approve/reject such claim.

Name of the Nodal Officer Mr. Indranil Banerjee
Designation Company Secretary
Email Id companysecretary@bandhanbank.com
Contact Number +91 33 6609 0909

 

Bandhan Bank Limited
Secretarial Department
Floors 12-14, Adventz Infinity@5
BN 5, Sector V, Salt Lake,
Kolkata – 700 091
Tel.: 033-66090909
E-mail: investors@bandhanbank.com
Website: www.bandhanbank.com

 

KFin Technologies Limited
(Unit.: Bandhan Bank Limited)
Selenium Tower B, Plot 31&32, Financial District,
Nanakramguda, Serilingampally Mandal
Hyderabad 500032, Telangana.
Tel.: 1800-309-4001
E-mail: einward.ris@kfintech.com