Claim Your Unclaimed Shares / Dividends from IEPF Authority

Shweta , Last updated: 20 December 2022
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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 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.

Claim Your Unclaimed Shares / Dividends from IEPF Authority

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.