The claim of Shares from IEPF: Eligibility, Procedure, and Everything Else You Need To Know

 IEPF is set up for providing awareness and protection of investor interest. The IEPF is monitored by a trust which has been given the authority under subsection 4. Claims of shares from IEPF are refunded to the IEPF Authority. The main objective of IEPF is to educate investors on the protection of the fund.

Functions Of IEPF
- To plan the proposal of the projects for IEPF that includes research activities also.
- Coordinating with the institution involved in educating the investor and spreading awareness.
- Furnishing the reports for the Central Government after 6 months.
- Appointing one or more subcommittees for ensuring the smooth functioning of the fund.
- Preparing the proposals for the registration of voluntary association or organization involved in the activities of IEPF
- Provide protection in the form of seminars, symposiums, and proposals for the registration of voluntary associations.

IEPF Recovery- Is it possible to recover money credited to IEPF?
IEPF Recovery is not possible, an investor cannot recover the unclaimed money but can view the amount credited to the fund through the website of IEPF. Yes, it can be possible to claim an unpaid amount from the company before the amount gets credited to the IEPF.

Guidelines to Fund Research Proposals
- Letters of Commitment by the researchers promise you that they will put in 50% of their time for the project from the stated starting and ending date.
- Resume of the Researchers who are going to be involved in the project.
- Three recent published or unpublished papers of the researchers associated with the project.

Procedure for Financial Assistance
In order to get IEPF Recovery and Financial Assistance, there is some procedure that needs to be followed:
- An entity may apply to the IEPF after fulfilling the guidelines for the purpose of financial assistance.
- The quantum of financial assistance and the feasibility of the project is evaluated by the subcommittee of IEPF in their meeting at regular intervals.
- After the completion of the project, the organization is required to submit the funds’
certificate of utilization and the copies of the bill for scrutiny to the IEPF.

The procedure of Transfering the Unpaid Amount to the IEPF
The procedure of IEPF Recovery, to transfer the unpaid amount is as follows:
- Login to the MCA portal
-Selecting the “Pay miscellaneous fee” option
- Then select the “pay fee for Investor Education and Protection Fund”
- Fill up the CIN Number, name of the company, details of the payment.
- Make the payment and after the payment, the amount is credited through the MCA portal to IEPF.

Types of Funds that Moved to IEPF
Types of Funds that Moved to IEPF are as follows:
- Shares: Claim of shares from IEPF is a unit of equity in a corporation that exists as a financial asset.
- Debentures: A bond issued with no collateral, for example, Treasury bonds and bills. It is long-term security that yields a fixed rate of interest.
- Proceeds from the matured company deposits
- Application money which is obtained due to a refund.


Final Words
To redeem the unclaimed amount, or for  IEPF Recovery, you simply have to download the form from the IEPF website. Fill up the form, provide all the details like the name of the company, name of the applicant, bank details, etc. Attach all the required documents and mark the document as ‘claim for a refund from the IEPF authority. By this, you can redeem the unclaimed money from the IEPF Authority.