To recover shares from IEPF, the investor needs to follow the defined steps based on legal procedures. Investors must complete two requirements to follow IEPF regulations by submitting documents according to protocol and rules framed by ministry of corporate affairs of India. Our expert team makes the complicated process of recovery of shares from IEPF easy for clients to ensure a successful share return from IEPF.
Step 1: Online Application Submission
THE CLAIMANT STARTS THE PROCESS BY USING THE ONLINE APPLICATION FUNCTION ON THE IEPF WEBSITE. This includes:
- Shareholder information should include their full name in combination with PAN and contact data.
- The claimant must upload their proof of identity together with their shareholding documentation to the website system.
- All details must be verified properly for application success in the process.
Step 2: Submission of Physical Documents
The claimant needs to mail a duplicate application to the specific company following online submission through these steps:
- The necessary documents need an individual signature on a non-judicial stamp paper.
- Advance receipt with revenue stamp.
- Self-attested copies of PAN and Aadhaar.
- The transfer can be supported with either original share certificates or the required information from Demat accounts.
- Bank details for dividend credit.
Step 3: Company Verification and Approval
The company carries out document validation along with claim assessment before dispatching the request to the IEPF Authority. The service handles documentation in a way that eliminates errors to speed up the entire approval workflow.
Step 4: IEPF Approval and Transfer of Shares
After the IEPF Authority verifies the request, they will transfer ownership of shares into the claimant’s Demat account. When a dividend is eligible for payment, it goes to the bank account where the shareholder is registered.