Recovery of Unclaimed Shares and Dividends
There are countless number of investors who invested in companies during the era of physical share certificates who have either lost track or are no longer aware of such investments due to various reasons such as:
- Loss of share certificates
- Forgotten shares
- Change of address/name
- Death of Investor
- Non-functional bank accounts & demat accounts
- As per Section 124 (5) of the Companies Act 2013, any dividend which has been unclaimed in a company for seven consecutive years shall be transferred to the IEPF Adviser. Any shares whose dividend has been unclaimed and unpaid for seven consecutive years shall also be transferred to the IEPF Adviser.
As per the latest “Consultation Paper on refund process at IEPF Adviser,” a staggering amount of dividends amounting to INR 50000 Crores have been transferred to IEPF and ~117 Crores shares have been transferred to IEPF.
We help investors & legal heirs in claiming back their unclaimed investments in shares & dividends with complete end-to-end support including:
Updation of KYC, signatures, address, bank & demat A/c details
Procurement of duplicate shares in case of loss of shares
Correction of the shareholder’s name in case of a name mismatch
Transmission of shares in favor of Legal Heirs / Successors in case of Death of the Shareholder
Dematerialization of Physical shares
Claim of shares & unclaimed dividends from IEPF Adviser
Obtaining succession certificate / probate of will / letter of administration from courts
IEPF Adviser is the most trusted, professional & client focussed firm to recover unclaimed investments. Working with IEPF Adviser has many advantages like:
Our founders have deep knowledge of Indian Laws governing financial securities including SEBI, FEMA, Indian Succession Act, IEPF Laws & Company’s Act.