Claim of share from IEPF
Posted by Infiny Solution on December 24th, 2021
IEPF stands for Investor Education and Protection Fund. Its role is to protect investors\' interests. IEPF creates awareness among investors with all instructions and information on their official site. The authority refunds of shares, matured deposits/debentures, unclaimed dividends, etc., to investors.
On the IEPF official site, there is no advice or evaluation on how to provide investment. Sometimes people cannot claim shares that have been transferred to IEPF by the company. There is a vast amount of unclaimed money piling up with the IEPF in the form of old equity shares, dividends, debentures, etc. If you are someone whose fund is lying with IEPF, you must track them and process your claim of share from IEPF.
The reason behind the rise of unclaimed shares or dividends
Some shares have had no corporate benefits and dividends claim for the past seven years. The government is planning to take over those unclaimed lying shares with IEPF. Following are the reasons behind those unclaimed shares or dividends.
How to claim shares or refund?
Below are the steps you need to follow to get back your unclaimed shares or refund.
Issues you may face while recovering unclaimed dividends from Investor Education and Protection Fund
Expired Records: In most cases, unclaimed dividends occur due to the result of false or expired details of investors or shareholders. There might be mismatches of bank and personal information like name, age, date of birth, address, father\'s name, and husband\'s name can lead to unclaimed dividends. There are companies who help and ensure smooth recovery in such cases.
Absence or Improper of execution of transmission or transfer: Sometimes, the buyer\'s shares are registered in the seller\'s name because of poor implementation of the share transfer.
Cases of unclaimed shares or dividends are prevalent. Sometimes after the investor\'s death, the legal successor or nominee fails to transmit shares in their name. Some companies give you solutions for all such problems and help get back your claim of share from IEPF.
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About the AuthorInfiny Solution
Joined: May 18th, 2021
Articles Posted: 14
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