Claim Your Unclaimed Shares / Dividends from IEPF Authority

How to Claim Dividend?

The securities were distributed in the form of paper certificates prior to the implementation of dematerialization. The possibility of the certificates being destroyed, lost, or misplaced rose with the issuance of shares in physical form. There have been cases where the stockholders passed away and the heirs were unable to get the specified sum for the reasons listed above. As a result, it became urgently necessary to develop a methodical approach to recover shares in India.

Recovery of Shares is the process of obtaining these securities through the transmission of shares, transfer of company shares, recovery of unclaimed dividends, bonus issuance, etc. and returning them to the security holder's legal possession and ownership.

The government established a process for claiming IEPF unclaimed shares, dividends, and bonus shares in order to address the issue of IEPF unclaimed shares. IEPF Unclaimed shares were transferred to the Investor Education and Protection Fund, or IEPF, which is an abbreviation for the fund.

Services Covered

• Acquisition of Shares from IEPF claim
• The transfer of company shares
• Shares Transfer Dividend Recoveries from IEPF
• Getting Mutual Funds Back
• Issuance of Double IEPF Shares
• Name Removal/Modification of Share Certificates
• Certificate of Succession Issue
• transferring shares from physical to digital form
• IEPF: Recover Matured EPF
• Recovering Disputed Share Transfers from Provident Funds Using NCLT
• Getting Back Insurance Claims
• Getting Back Debentures
• The Private Limited Company's Issuance of Duplicate Share Certificates
• The Listed Company's Issuance of Duplicate Share Certificates

Steps Covered

• Document preparation
• Completing the necessary paperwork and applications
• Submitting a petition for a succession certificate at the appropriate court
• Application submission to the appropriate authorities
• Complete assistance in responding to the department's requests for more explanation
• Coordinating with the authority to ensure that your application is handled quickly
• Organizing every appearance for you

Documents Required and how to claim shares from IEPF?

• The company's CIN number and other pertinent information are provided.
• Account Number for Demat
• a copy of the applicant's Pan Card
• Information regarding the bank account where the unclaimed money will be reimbursed
• Information about the shares or securities that must be claimed
• Information about how to claim the dividend
• Original Indemnity Bond with the claimant's signature on non-judicially stamped paper in accordance with the Stamps Act Original advance stamped receipt with the claimant's and witnesses' signatures.
• If the shares are in physical form, the original share certificates or a copy of the transaction statement (if the securities are in Demat form)
• applicant's Aadhaar card
• Proof of eligibility, such as a share certificate or interest warrant application number.
• Foreigners and NRIs must have a passport or a PIO card in order to travel outside of India.

PS: Various services could call for additional paperwork.

Frequently-asked Questions

Q1: What distinguishes the transmission of shares from the transfer of company shares?

Transmission is the legal process of transferring the shares to the designated heir. In contrast, the transfer entails giving the claimant the shares freely in return for money.

Q2. What happens to the shares that are unclaimed?

The Investor Education and Protection Fund receives the shares that have not been claimed (IEPF claim).

Q3. Who qualifies for the recovery of shares from IEPF?

Any person or organisation that has shares, mutual funds, or application money that has been left unclaimed and given to the IEPF claim is qualified to get their money back.

Q4. Is there a legal framework in place for the creation of the IEPF claim?

The IEFP was created in accordance with Section 125 of the Companies Act.

Q5. Who controls the IEPF claim procedure?

The Ministry of Corporate Affairs oversees the IEPF (MCA).

Q6. How long does it take the firm to compile the verification report? 

Within 15 days of receiving the claimant's application, the business generates the verification report.

Q7. What time frame is there for recovering shares from the IEPF claim?

Within 60 days of the application's receipt, the unclaimed sum is returned to the claimant.