What To Do If You Inherit Unclaimed Dividends and Shares?
According to general norms, stock dividends get deposited to the bank account that is linked to the Demat account of the owner of the stocks. When the company fails to distribute dividends to the shareholders, there arises a situation of Unclaimed dividends and shares . A shareholder is required to claim dividends and shares within a limited period of time which is actually 30 days from the date of the declaration of dividend. Unclaimed dividends and shares remain unclaimed and get accumulated with the company. Here, you will get to know what to do if you inherit unclaimed dividends and shares. Request Letter If you inherit unclaimed dividends and shares then you will first have to begin by sending a request letter. This letter will be addressed to the company’s registrar and also to the transfer agent. There are a few things to consider when making the request letter. The request letter must contain the following things: The folio number of physical shares. It must have a depos