Form IEPF-2 - Eligibility & Filing Procedure - IndiaFilings

Form IEPF-2

Form IEPF-2 is an annual statement of the money transferred to the respective account which is maintained and unclaimed by the company for a period of seven years. As per the IEPF rules, it is mandatory for every company to file Form IEPF-2 regarding such unclaimed amounts within 90 days from the date of holding an annual general meeting. In this article, we look at the online procedure for filing Form IEPF-2 in detail. To read IEPF Rules 2019 – Investor Education and Protection Fund!

When to file Form IEPF-2?

The companies are required to file Form IEPF-2 every year containing the details of unpaid and unclaimed amounts for all the previous seven years pending as on date of the annual general meeting. Form IEPF-2 has to be filed every year within 90 days after conducting an annual general meeting or the date on which the annual general meeting is held.

Purpose of filing Form IEPF-2

The following are the various purpose to file Form IEPF-2 are listed below:
  • Statement of unclaimed and unpaid amounts
  • Appointment of Nodal Officer
  • Appointment of Deputy Nodal Officer
  • Updating of details of Nodal Officer
  • Updating or Cessation of details of Deputy Nodal Officer.

Eligibility Criteria for Company

Any company, including non-banking financial companies and residuary non-banking companies, are eligible to file Form IEPF-2 under IEPF rules.

Filing of Details Regarding Unpaid and Unclaimed Amounts

The below following are some of the details to be required while filling the form.
  • Names and addresses of the persons entitled to receive the sum
  • Nature of amount
  • Amount to which each person is entitled.
  • Due date for transfer into the Investor Education and Protection Fund and
  • Any other information as may be considered necessary.

Online Filing Procedure of Form IEPF-2

To file for Form IEPF-2, follow the steps given below: Step 1: Click on the respective link to install and proceed with the Pre-requisite Software. Step 2: Download Form IEPF-2 from the official portal of IEPF. Step 3: Fill the forms according to the instructions provided and upload the duly filled Form IEPF-2 on MCA Portal. Step 4: After the IEPF Form-2 are filled and uploaded on the MCA portal, the user is required to make payment as per the prescribed fee. The Form IEPF-2 is given below for your reference in the pdf format: Step 5: Then, the duly submitted form will be processed, and the details will be saved in the MCA portal while processing. Step 6: If the form is either approved or rejected by the concerned authority, the acknowledgement of the same will be sent to the registered mail id. Note: If the form filed for appointment of deputy nodal officer or nodal officer or for updating the details of deputy nodal officer or nodal officer, then the approved nodal officer or deputy nodal officers are required to register themselves as a nodal officer on MCA portal with their PAN card. However, the details entered while registering on the portal should match with the details provided in form IEPF-2. Step 7: After uploading the Form IEPF-2 successfully, the user needs to upload the excel related to the Form IEPF-2. Step 8: Enter the required details in the excel sheet and after entering the details, click on the "Validate" button. Step 9: Now, check the error by clicking on "Errors" tab the errors will be described to rectify it. Step 10: And then to upload your excel go to the IEPF portal and click on "IEPF" services. Step 11: Enter the details in excel file for investor wise details of shares transferred to IEPF or amounts credit to IEPF or unclaimed and unpaid amount. Step 12: Download the excel templates from the IEPF Portal Step 13: Fill in the required excel template with investor-wise detail. Step 14: After filling the details, the user needs to login using the user id and password, which was provided while making payment. Step 15: Now, upload the excel file with the investor-wise details, and then the successful message will appear on the screen of the IEPF portal. Step 16: After uploading, click on 'Confirm Upload' service under IEPF Services. Step 17: Provide relevant details and then click on 'Confirm' to confirm the upload. Step 18: In case of not confirmed by the user, then after seven days, the uploaded excel will be auto-confirmed by the system. Note: Also, the user can check the status of the uploaded files through track option.

Applicable Fee

In the case of a company holding a share capital, the below-mentioned fee is applicable:
S.No Nominal Share Capital Prescribed Fee
1. Less than 1,00,000 Rs.200
2. From 1,00,000 to 4,99,999 Rs.300
3. From 5,00,000 to 24,99,999 Rs.400
4. From 25,00,000 to 99,99,999 Rs.500
5. Above 1,00,00,000 Rs.600
Note: In the case of a company not having a share capital, the applicable fee for filing Form IEPF-2 is Rs.200.

Additional Fee

S.No Period of delays Applicable Fee
1. Up to 30 days Two times of prescribed fees
2. For more than 30 days and up to 60 days Four times of prescribed fees
3. For more than 60 days and up to 90 days Six times of prescribed fees
4. For more than 90 days and up to 180 days Ten times of prescribed fees
5. For more than 180 days Twelve times of prescribed fees

Due Date Extended for Form IEPF-2

The due date for filing Form IEPF-2 has been extended up to 30.11.2019 in order to provide relief for the companies filing form IEPF-2. However, after the expiry of the due date, the additional fee for the period delay will be applicable for the companies. Note: The exact notification Notification F.No. 16/01/2018-IEPFA from the Ministry of Corporate Affairs is produced below for quick reference:
KARTHIGA A
Updated on: December 17th, 2024

Popular Post

Download ePAN Card – Get ePan from NSDL & UTIITSL
80 Small Business Ideas

Starting a small business can be a transformative venture, offering the exciting opportunity...

Nadakacheri – Income Caste Certificate Download Online in Karnataka
TDS Rate Chart for Financial Year 2025-2026 (Assessment Year 2026-2027)

Tax deduction at source, shortly and popularly known as TDS, was introduced by the Income Tax...

Divorce Rules in India: Everything You Need to Know
How To Download GST Registration Certificate Online?

Goods & Services Tax Certificate is issued to people who are registered under GST...

PAN Card Cancellation Online
Find Complete Details of GST Registration Procedure

GST registration applies to all individuals and entities supplying goods or services in India. GST...

Check Your PF Claim Status Online Using PF Tracking ID
Gift Tax in India: Applicability, Exemptions and Rules

Gift tax in India is applied when the value of the received gift exceeds ₹50,000 in the...

Check Your PF Claim Status Online Using PF Tracking ID
Old Regime vs New Regime 2025: Which Tax Regime is Better for You?

The Union Budget 2025 has brought significant changes to India’s personal income tax structure, raising the...

Check Your PF Claim Status Online Using PF Tracking ID
What is the minimum turnover for GST?

The Goods and Services Tax (GST) is an indirect tax system introduced in India in 2017. It functions...

Check Your PF Claim Status Online Using PF Tracking ID
How can I check if a trademark is registered?

A trademark search is simply checking if another person or organization does not already own the...

Check Your PF Claim Status Online Using PF Tracking ID
Section 194H of the Income Tax Act: TDS on Commission & Brokerage

Section 194H of the Income Tax Act in India mandates the deduction of Tax at Source (TDS) on commission or brokerage...

Check Your PF Claim Status Online Using PF Tracking ID
Section 80G Deduction - Income Tax Act

Section 80G Deduction is a facility available in the Income Tax Act which allows taxpayers to...

Check Your PF Claim Status Online Using PF Tracking ID
Crypto Tax in India: Taxation On Cryptocurrency

The Income Tax Department (ITD) has not provided specific guidance on crypto taxes for Indian investors. However...

Check Your PF Claim Status Online Using PF Tracking ID
Internal Audit Applicability Under Companies Act, 2013

Internal audit applicability is a critical concept for companies in India, impacting various...

Check Your PF Claim Status Online Using PF Tracking ID
Difference between Private and Public Company

In the business world, two main types of companies exist: private company and public company...

Check Your PF Claim Status Online Using PF Tracking ID
New GST Rules for Rent

Ministry of Finance vide a Notification No 05/2022- Central Tax (Rate) dated 13.7.2022 has issued...

Check Your PF Claim Status Online Using PF Tracking ID
GSTR-1 and GSTR-3B Due Date Extension - New Due Dates For January 2025

The Central Board of Indirect Taxes and Customs (CBIC) has recently announced an extension...

Check Your PF Claim Status Online Using PF Tracking ID
Different Depreciation Rates under Companies & Income Tax Act

Depreciation is a key concept in finance and accounting. It helps us manage how the value of...

Check Your PF Claim Status Online Using PF Tracking ID
Form 10IA - Section 80DD Deduction

Form 10IA of the Income Tax Department must be filed by taxpayers claiming income tax deduction...

Check Your PF Claim Status Online Using PF Tracking ID
GST on Used Cars: New 18% Tax Rate Explained

The Goods and Services Tax (GST) system in India has been a significant reform in the country's...

Check Your PF Claim Status Online Using PF Tracking ID
MSME Registration - Udyam Registration

India's Gross Domestic Product (GDP) benefits significantly from the substantial...

Check Your PF Claim Status Online Using PF Tracking ID
Section 43B(h) - New MSME 45 Days Payment Rule

The Finance Act, 2023 introduced the MSME 45-day payment rule under Section 43B(h) of the Income Tax Act...

Check Your PF Claim Status Online Using PF Tracking ID
Direct Tax Vivad Se Vishwas (DTVSV) Scheme, 2024

The Direct Tax Vivad Se Vishwas (DTVSV) Scheme, 2024, was announced by Union Finance Minister...