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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 sto
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FAQ :
Transmission is the legal process of transferring shares to a designated heir, while transfer involves giving shares to a claimant in exchange for money.
Unclaimed shares are transferred to the Investor Education and Protection Fund (IEPF).
Any individual or organisation with unclaimed shares, mutual funds, or application money that has been transferred to the IEPF is eligible.
The IEPF was established under Section 125 of the Companies Act.
The Ministry of Corporate Affairs (MCA) oversees the IEPF claim procedure.
The unclaimed amount is typically returned to the claimant within 60 days of the application's receipt.
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