Pursuant to Section 124(5) of the Companies Act, 2013, dividends that are unclaimed for a period of seven years get transferred to the Investor Education and Protection Fund administered by the Central Government. The table given below gives the dates of dividend declaration since 2010-2011 and the corresponding dates when unclaimed dividends are due to be transferred to the Central Government in respect of Kotak Mahindra Bank Limited and the erstwhile ING Vysya Bank Limited.
| Kotak Mahindra Bank Limited (KMBL)
|
| Year |
Dividend- Type |
Date of Declaration |
Due Date of Transfer |
| 2010-11 |
Final |
21 st July 2011 |
20 th August 2018 |
| 2011-12 |
Final |
19 th July 2012 |
18 th August 2019 |
| 2012-13 |
Final |
19 th July 2013 |
18 th August 2020 |
| 2013-14 |
Final |
16 th July 2014 |
14 th August 2021 |
| 2014-15 |
Final |
29 th June 2015 |
28 th July 2022 |
| 2015-16 |
Final |
22 nd July 2016 |
21 st August 2023 |
| 2016-17 |
Final |
20 th July 2017 |
19 th August 2024 |
| Erstwhile ING Vysya Bank Limited (eIVBL)
|
| Year |
Dividend- Type |
Date of Declaration |
Due Date of Transfer |
| 2010-11 |
Final |
7 th September 2011 |
18 th October 2018 |
| 2011-12 |
Final |
29 th June 2012 |
5 th August 2019 |
| 2012-13 |
Final |
25 th June 2013 |
31 st July 2020 |
| 2013-14 |
Final |
24 th June 2014 |
30 th July 2021 |
Details of unpaid / unclaimed dividend warrants of KMBL and eIVBL for the years 2009-10 to 2015-16 as per the MCA Notification G.S.R. 352(E) dated 10th May, 2012.
Transfer of Equity Shares of the Bank to Investor Education and Protection Fund (IEPF) Suspense Account.
MCA has notified the applicability of Section 124(6) with effect from 7th September 2016, which provides that all shares in respect of which dividend has not been paid or claimed for seven consecutive years or more, shall be transferred by the Company in the name of IEPF. The Bank will initiate necessary action for transfer of shares (whether held in physical or demat form) to IEPF Suspense Account on or after 31st October 2017 or such other date as may be notified by MCA in this regard.
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