Transfer of Shares to IEPF

Transfer of Shares to IEPF

19.12.2017
Dear Shareholders,

Sub: Transfer of unpaid/unclaimed equity shares held by you in the Company to Investor Education and Protection Fund (IEPF)

In terms of Section 124(6) of the Companies Act, 2013 read with Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 (Rules), as amended from time to time, equity shares of the Company in respect of which dividends for seven consecutive years or more remaining unpaid or unclaimed are liable to be transferred to the demat account of the IEPF.
The Company has sent individual notices to the latest available addresses of the shareholders whose dividends are lying unpaid or unclaimed for the Financial Year 2009-10 along with the subsequent 7 (Seven) consecutive year’s dividend advising to claim the dividends on or before 15th January, 2018.In case the Company does not receive any communication from the concerned shareholders by 15th January, 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. No claim shall lie against the Company in respect of unclaimed dividend amount and shares transferred to IEPF pursuant to the rules.
Any Communication in this regard, you may 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) 67162222, 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

Note: Unpaid/unclaimed Dividend for the financial year 2009-10 have already been transferred to IEPF as per IEPF Rules. Shareholders may please note that both the unclaimed dividend and shares transferred to the IEPF can be claimed back from IEPF Authority after following the procedure prescribed in the Rules.
Click here for the details of shares to be transferred to the IEPF.