shares Recover

  • (+91) 9099191140
  • info@sharesrecover.com

IEPF Claim

  • Home
  • IEPF Claim

India’s Best Shares Recovery Consulting Company

  •  IEPF Claim
  • Call us at +91 9099191140 to connect with expert

Recovery Of Shares From IEPF

India’s Best Unclaimed Shares Recovery Consulting Company
  •  IEPF Claim
  • Call us at +91 9099191140 to connect with expert

What is IEPF?

IEPF stands for Investor Education Protection Fund and it is formed under the umbrella of Ministry of corporate affairs by Government of India on 7th September, 2016 under the provision of Section 125 of the Companies Act, 2013 (the Act) under which rules and regulations related to IEPF compliances are framed both for the investor and the companies.

The IEPF authority was established by government of India to protect the interest of investors who invested in Indian Shares market and their dividends have been unpaid.

When dividends on shares are not claimed or say are not encashed for 7 years consecutively, the dividends and shares of the investor is transferred to IEPF authority.

If a corporation has awarded a bonus or split shares in the previous seven years, such claims will not be transferred to the IEPF. The bonus shares will remain with the owners even if the original shares are transferred to IEPF if no dividends have been claimed for the previous seven years.

The IEPFA Authority has been bestowed with the responsibility of administering the Investor Education Protection Fund (IEPF) by reviving dormant shares, making the refund of unclaimed dividends, matured deposits/debentures, and interest thereon to investors. It also spreads awareness among investors and safeguard their interests.

  • Best Award

What Type of Funds are transferred to IEPF?

Following are the financial instruments that gets locked with IEPF if not claimed timely:-

  • Unclaimed Shares
  • Unclaimed Dividends
  • Unclaimed Investments concerning debentures & interest due on them
  • Unrealised matured time deposit proceeds of a company
Contact Us
  • Best Award

What Type of Funds are transferred to IEPF?

Following are the financial instruments that gets locked with IEPF if not claimed timely:-

  • Unclaimed Shares
  • Unclaimed Dividends
  • Unclaimed Investments concerning debentures & interest due on them
  • Unrealised matured time deposit proceeds of a company
Contact Us

Who are Eligible to Recover Shares from IEPF Authority?

If you are a shareholder with unclaimed shares transferred to the IEPF, you are eligible to claim the refund of such shares from the Investor Education & Protection Fund. The process can be initiated by applying to the IEPF Authority. As per rule, a claimant is eligible to make only one claim in a financial year per company. Claimants should comply with requisite legal formalities before claiming from IEPF.

The company should also issue an entitlement letter prior to approving the claim.

Unclaimed Shares Transfer to IEPF:

Once shares have been transferred to IEPF, there is a legal process to recover shares listed on Indian stock exchange like NSE/BSE . When the original shareholder is deceased, the legal heirs are required to transfer the shares in their name in order to get the shares released from IEPF. The process of claiming shares from the IEPF is a cumbersome and tedious process. Shares Recover assist in making this tedious process easy along-with making sure, the claimant retrieves the shares in the Demat account.

Procedure for IEPF Claim / IEPF Refund

Any investor who’s shares, dividends, matured deposits, lien on deposits or debentures have been transferred to IEPF authority by company or banks can claim their investments. In case when original investor is deceased then their legal heir can claim the investments from IEPFA after complying with all the mandatory document requisites by the investor claiming their unpaid claims. The refund of claim can be filed on IEPFA website by filling Form IEPF-5 with IEPF authority. Before proceeding for filling Form IEPF-5 necessary approvals has to be obtained from the company or RTA as applicable to avoid any objections after filing the claim.

Requirements from Applicant for Recovery of Shares from IEPF

  • To claim the investments pertaining to shares which transferred to IEPF, one must fill out Form IEPF 5 and submit it to the NODAL OFFICER of the company.
  • Applicant is allowed to make only one claim through one form each year for one company. If the claim is rejected for whatever reason, one will have to wait till next year.
  • The IEPF 5 form filling is completed only through OTP verification both from applicant phone number and on email. Both phone number and email should be active and must be accessible to the claimant till the claim is retrieved in the demat account of the claimant.
  • The claimant can file the claim only when PAN NUMBER is verified with date of birth (DOB) while filling the claim.
  • After successfully filling the claim, claim documents should be submitted to the NODAL OFFICER OF THE COMPANY within 15 DAYS from the date SRN of the claim is generated.

The IEPF website also provides the facility to investors to track their claim or other details of their unclaimed investments.

The IEPF authority has been making their best efforts to protect the investors interest and thus before releasing any claim to the investor, the e-verification report as a mandatory document to be provided to Investor Education and Protection Fund Authority by the Nodal Officer of the company or bank as the case applicable.

What are the Steps to Claim Shares from IEPF?

Investors having either unclaimed shares or unclaimed dividends or matured deposits or matured debentures or application money pending refund or interest or sale consideration from fractional shares or income proceeds from preference shares or any other assets stuck up with IEPF can claim the investments under the provision of sub-section (6) of section 124 or make an application for refund under clause (a) of sub-section (3) of section 125 or the proviso to sub-section (3) of section 125.

A legal counsel can assist in the transfer of unclaimed shares or the unclaimed dividends from the IEPF. It is important to note that a claimant is only entitled to one consolidated claim per financial year per company. If the claimant is an administrator nominee, a legal heir or a successor, they must first ensure that the transmission procedure has been completed by the relevant company or by registrar transfer agent of the company before making any claim from the IEPF Authority.

A step-by-step guide to claiming shares from the IEPF:

Step 1: Finish the transmission (mutation) procedure from the company before claiming shares, it is necessary to complete the transmission procedure with the firm in question, following which an application for such shares may be submitted.

Step 2: Download E-Form IEPF-5 from the website, fill it out and upload it. This form asks for all information about the unclaimed investment. It also requires the claimant’s personal information.

Step 3: After submitting the e-form, the claimant must mail copies of all relevant papers to the company’s Nodal Officer.

Step 4: Within 15 days of receiving the claim form, the company must deliver a verification report concerning authentication accepted or unaccepted to the Authority.

Step 5: After receiving all essential documentation, the claimant verifies his or her right. After that, a reimbursement sanction order is issued, and the transfer is made to the claimant’s Demat account.

How To Recover Unclaimed Shares From IEPF Without Hassles?

The process of utilizing IEPF’s features to claim dividends has been deemed ineffective by many. They believe that the process is cumbersome, and very little data is provided on how to carry out the operation which is largely attributed to the inconsistent information provided by the investors themselves, especially personal & bank account details like date of birth, age, residence, father’s name, and husband’s name. Apart from that, the portal seems to face technical issues, and work is still being done to improve them for further use.

Similarly, if a nominee or legal successor fails to complete the transmission of shares from the investor’s name after the investor’s death then unclaimed dividends will certainly occur. For all such unclaimed investments, one can approach our “IEPF recovery” advisors in India.

 “Shares Recover” will provide professional solutions on such matters by enabling its legal and financial teams to conduct a seamless due diligence that will make the recovery process smooth without any hassles to worry about. Non adherence of the said procedure will keep the registration of unclaimed shares in the seller’s name instead of the actual buyer for eternity.

Shares Recover: flawless & unparalleled services!

As far as the success rate of IEPF claims, the services provided by “Shares Recover” are unmatched across India. Our “IEPF claims” recovery experts will present to you the simplest, easy to understand procedures to be followed for claiming the investments from IEPF authority. We execute all legal actions necessary for the purpose of mutation to help you claim ownership in the absence of declared authorized heirs or successors thus keeping future judicial disputes at bay.

Any claim amount transaction, consisting of IEPF unclaimed shares, unclaimed dividends, mutual funds etc if not been executed seven years in a row then that automatically passes to IEPF. We have several years of experience in recovering of shares from IEPF & other unclaimed, dormant investments too.

Generally, It is a tedious process to “recover shares from iepf” but with the help of our experienced team we execute the procedure of retrieving unclaimed investments in minimum possible time.

If you are eager to recover your investments that are stuck with the IEPF authority without having to go through painful administrative or judicial hassles to speak of then Contact Share Recover today.

Testimonials

Reviews from Shareholders & Investors

View More
    Ashish Jain

    Gujarat

    The “Shares Recover” has been my backbone to recover my late grandfather’s shares of Reliance Industries Ltd from IEPF. I was hopeless to recover those shares before consulting them but they were my recourse to recover my ancestral unclaimed assets. I wish them all the best.

      Vijay Jhamtani

      West Bengal

      I lost Timken India shares back in 2007 and was hopeless to ever recover these shares. But the “Shares Recover” team helped me to recover those in less than 6 months and I am very much satisfied with their expert services.

        Rahul Sinduriya

        Maharashtra

        Am short of words to express my Thanks to the Shares Recover team in recovering my late father’s shares from IEPF. They have been my angel in recovering my father’s shares of Kotak Mahindra Bank which we were not even aware of. From just torned papers to 75 lacs rupees and they made it happen.

          Gaurav Tiwari

          Delhi

          The Shares Recover team has an expertise in recovering shares from IEPF. I was struggling for the past 3 years to reclaim my TCS shares from Investor Education and Protection Fund & ran from pillar to post without any success. They recovered my shares directly into demat from IEPF in less than 8 months for which I am thankful to them from the core of my heart

            Dipti

            Hyderabad

            My husband invested in Hindustan Unilever Ltd shares in the 1980’s and after his death I was clueless how to claim shares. The share certificates were lost and we were only getting dividends however when I approached the company they gave me a lengthy process to comply for recovery from IEPF. It was difficult to recover those shares without legal advice and Shares Recover came as a ray of hope for recovering the shares. They successfully recovered my shares into Demat and am thankful to the “Shares Recover” team

            Talk to IEPF Expert