Transfer of Shares to IEPF

Transfer of Shares to IEPF

01.08.2018
Dear Shareholders,

Sub: Transfer of Unpaid/Unclaimed Equity Shares of the Company to Investor Education and Protection Fund (IEPF)

Notice is hereby given pursuant to the provisions of Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016, as amended (“the Rules”). The Rules interalia provide for transfer of all shares in respect of which dividend has not been paid or claimed by the shareholders for seven consecutive years or more in favour of the Investor Education and Protection Fund (IEPF) Authority.

Complying with the requirements set out in the Rules, the Company has during Financial Year 2017-18, already transferred to the IEPF authority all shares in respect of the dividend declared for the F.Y. 2009-10, which remained unpaid or unclaimed for seven consecutive years or more. Further, the Company has sent individual notices to the latest available addresses to those shareholders whose shares pertaining to the dividend declared in the F.Y. 2010-11 remained unpaid or unclaimed for seven consecutive years or more are liable to be transferred to IEPF Authority during the Financial Year 2018-19. The Company has uploaded full details of such shareholders and shares due for transfer to IEPF Authority on its website at www.terasoftware.com to verify the details of unclaimed dividend and the shares liable to be transferred to IEPF Authority.

Shareholders may note that both the unclaimed dividend and the shares transferred to IEPF including all benefits accruing on such shares, if any, can be claimed back from IEPF after following the procedure prescribed in the Rules.

Concerned shareholders holding shares in physical form and whose shares are liable to be transferred to IEPF, may note that the Company would be issuing duplicate share certificate(s) in lieu of the original held by them for the purpose of transfer of shares to IEPF as per the Rules and upon such issue, the Company shall inform the depository by way of corporate action to convert the duplicate share certificates into DEMAT form and transfer in favour of IEPF. The original share certificate(s) which are registered in the name of original shareholders will stand automatically cancelled and be deemed non-negotiable. Concerned shareholders holding shares in dematerialized form may note that the Company shall inform the depository by way of corporate action for transfer of shares in favour of the demat account of the IEPF.

In case the Company does not receive any communication from the concerned shareholders by 31st August, 2018, the Company shall, with a view of adhering to the requirements of the Rules, transfer the shares to the IEPF as per the procedure set out in the Rules, without any further notice. Please note that no claim shall lie against the Company in respect of unclaimed dividend amount and shares transferred to IEPF pursuant to the said rules.
For any queries on the above matter, shareholders are requested to contact the Company’s Registrar and Share Transfer Agents, Karvy Computershare Private Limited, Karvy Selenium Tower B, Plot No. 31 & 32, Gachibowli, Financial District, Nanakramguda, Gachibowli, Financial District, Nanakramguda, Hyderabad- 500032,
Tel. No 040-67161606, email: einward.ris@karvy.com or the Company Secretary, Tera Software Limited, 8-2-293/82/A/1107, Plot No.1105, Road No.55,Jubilee Hills, Hyderabad-500033, Tel. No (040) 23547447,
email: companysecretary@terasoftware.in

Click here for the details of shares to be transferred to the IEPF.