Other31 March 2026 at 01:11 pm
Bank of Maharashtra Transfers Eligible Equity Shares to IEPF Demat Account
AI Summary
Pursuant to the amendment of Section 10B of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, and the amended Investor Education and Protection Fund (IEPF) Rules, 2016, the Bank of Maharashtra has sent communications to shareholders regarding the transfer of eligible equity shares to IEPF Demat Account. This transfer is in accordance with Section 124 of the Companies Act, 2013, and the Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Highlights
- Bank of Maharashtra is transferring eligible equity shares to IEPF Demat Account.
- This transfer is pursuant to the amendment of Section 10B of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, and the amended Investor Education and Protection Fund (IEPF) Rules, 2016.
- The transfer is in accordance with Section 124 of the Companies Act, 2013.
- Communications have been sent to shareholders regarding the transfer.
- This action is in compliance with the Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
MAHABANKPublic Sector Bank
BANK OF MAHARASHTRAPrice Impact