Recovering shares transferred to iepf

Hi,

Most of the questions regarding claim from IEPF is unanswered. I request Some expert to highlightthe Process. I did read the article regarding Claiming Dividend and Shares from IEPF but There are some doubts which I list below

1) In case of Joint holder First holder to make claim 

2) In case of Claiming Shares back the amount of Stamp duty to be paid and a sample of idemnity bond required

3)Aadhar linked account is different from Demat linked account

Which acccount is to be given

The value of shares is around 40000 and I stay in Tamilnadu and value of dividend claimed is just 200

 

Please some experts  reply 

 

Replies (1)

Dear Sir,

Your queries about IEPF Refund / IEPf Claim / IEPF Recovery are answered below:

1) In case of Joint holder - First holder to make claim in the IEPF Form 5. But all the holders need to sign the Indemnity Bond/Advance Receipt/IEPF Form 5. 

2) The amount of Stamp duty to be paid for the Indemnity Bond should be Rs. 500/-.

3) Aadhar linked account is different from Demat linked account - You need to update Aadhaar details in the bank account linked to the DEMAT Account. Although linking of bank account with Aadhaar has been done away with after the recent Supreme Court judgement, but the IEPF Authority hasn't come out with any clarification.

For any other queries go through www.iepfclaim.in

Regards,

Ankit Garg, Advocate

Garg Law Chambers, Attorneys & Advocates

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