ICFC Finance Limited is asking its shareholders to collect cash dividends that are more than five years old within one month.
ICFC Finance Limited has requested its shareholders to collect any cash dividends that are older than five years within one month time. This announcement is important for those who have not yet claimed their past dividends.
The company stated that some shareholders have still not collected their cash dividends for the fiscal years 2074/75 and 2075/76. These dividends were approved during the 15th and 16th Annual General Meetings. Therefore, shareholders with outstanding dividends are urged to contact Global IME Capital Limited, Naxal, which serves as the company’s share registrar, to receive their due amounts.
ICFC Finance also informed that if these dividends are not claimed within one month from the date the notice was published, the money will automatically be transferred to the Investor Protection Fund. This action will be taken under Section 182 of the Company Act, 2063.
To assist shareholders, the company mentioned that the list of shareholders who have not yet collected their dividends is available on the official websites of both ICFC Finance and Global IME Capital.
Moreover, shareholders whose cash dividends for fiscal years ranging from 2074/75 to 2081/82 could not be deposited into their bank accounts are advised to update their bank account details. They should do this through their respective Depository Participant (DP), the entity where their shares are held electronically.
The company also appealed to shareholders holding physical share certificates to convert them into dematerialized (demat) form as soon as possible. It also added that a re-process fee of Rs. 5 per shareholder will be applicable. This fee applies if the money needs to be re-sent through IPS due to incorrect bank account numbers updated in the beneficiary account or any other technical issues.
AI Disclaimer: This article was originally published on https://bajarkochirfar.com. It has been translated with the help of AI. For the best understanding and accurate facts, we recommend reading the original Nepali version.
