Effective Guide for Successful Recovery of Shares
Posted by Infiny Solution on May 23rd, 2023
The IEPF is a statutory body established by the Indian government to protect the interests of investors and promote investor education. When companies are unable to locate shareholders or when shareholders fail to claim their dividends for a specified period, the shares are transferred to the IEPF. The recovery of shares from IEPF involves a series of steps, including filing a claim by the rightful owner, providing the necessary documents and proofs, and complying with the prescribed procedures. Once the claim is verified and approved, the shares are returned to the rightful owner, enabling them to regain ownership and control over their shares. The recovery of shares from the IEPF ensures that the assets of investors are protected and effectively utilized while promoting transparency and accountability in the capital market.
Step-by-Step Guide on the Recovery of Shares:
1. Contact the Registrar and Transfer Agent (RTA) of the company where you hold shares. Provide them with the necessary details such as your name, address, and demat account number.
It is essential to keep track of your investments and maintain proper documentation to avoid the loss of shares. In case of any issues, it is recommended to seek professional help from a trusted financial advisor or a specialized service provider.
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About the AuthorInfiny Solution
Joined: May 18th, 2021
Articles Posted: 24
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