Jan 2021 – Present · 5 yrs 2 mos · Maharashtra, India · Hybrid

• Trusted partner reclaiming our Lost Forgotten Shares & Dividends from the Investors education and protection Fund
• In India, physical shares can end up unclaimed and eventually get transferred to the Investor Education and Protection Fund (IEPF) if certain conditions are met.
• Here's a breakdown of how this process typically happens:
• 1. Dividend Inactivity:
• If dividends on shares are unclaimed or unpaid for seven consecutive years, the shares related to those dividends are considered inactive.
• The company is required to transfer such unclaimed dividends to the IEPF, as per the Companies Act, 2013.
• 2. Transfer of Shares to IEPF :
• Along with the unclaimed dividends, the corresponding shares (both physical and electronic) are also transferred to the IEPF if they have been inactive for seven years.
• This transfer includes physical share certificates if they have not been converted into dematerialized (demat) form.
• 3. Claim Process:
• Once shares are transferred to the IEPF, the rightful shareholder or their legal heir can claim them.
• To do so, they need to file a claim with the IEPF Authority by submitting Form IEPF-5 along with necessary documents proving their identity and ownership of the shares.
• 4. Why Shares Go Unclaimed:
• Lack of KYC Updates: Changes in address, name, or bank details that were not updated with the company can result in unclaimed dividends.
• Dematerialization Requirement: Some shareholders may not have converted physical shares to demat, leading to their shares being held in physical form.
• Shareholder Passing: If a shareholder passes away and heirs are unaware of the shares, they may remain unclaimed.
• In recent years, due to regulations and digitization, companies and registrars have encouraged shareholders to dematerialize shares and keep KYC details updated to prevent unclaimed shares.