How to recover IEPF shares?

 IEPF is the Investor Education and Protection Fund that has been set up to protect the interest of the investor. IEPF shares recovery provides all information and thereby promotes awareness among the investor. 

But this website does not provide any advice related to investment. Many times people fail to claim their shares.

You need to quickly calm and track all your dues if the fund has been with the IEPF. Crores of unclaimed shares and dividends have been lying with the IEPF. 

Reason behind the arise of unclaimed dividend and shares

The government has been making plans to take over the shares of IEPF. There are several reasons for the arise of unclaimed dividend and shares are as follows:

• When you lose track of the amount invested in a certain company.

• When a company was not able to reach out to you through your address or contact number. 

• When the legal heir and nominees fail to claim the recovery of shares and dividend.

• When the shares are torn, lost, or diamantes. 

How to recover your unclaimed investment?

IEPF recovery should be done with the advice of a legal advisor with sound knowledge. Several companies have been working with clients across the globe to recover the unclaimed investment. 

They help you in recovering the lost or old shares. In case you need a duplicate share, they are there to help. Such companies also help in the claim of shares and dividends from IEPF.

The government has been trying to ensure the security of claimed shares and dividends. Still, people are facing many issues with IEPF recovery. Therefore a team of certified and legal experts may help you in recovering such claims. Hence, people are connecting with legal experts and are getting benefits from their services. 

Some of the issues are as follows:

• Expiration of records: Wrong and outdated details if investors lead to unclaimed dividends or shares. Wrong names, date of birth (DOB), address, bank details, name of wife or husband may lead to unclaimed dividends and shares. Therefore legal and financial experts are here to offer a smooth recovery of IEPF. 

• Improper execution of transfer: Due to improper execution of transfer or transmission, a buyer's share remains unregistered in the name of the seller. When an heir fails to accomplish the transmission or transfer of shares, it leads to the rise of unclaimed shares and dividends. 

According to the companies Act 2013, there are two common types of issues with shares common and preference shares. 

When the share is issued to the business owner as proof of the money paid to the company. It is known as common shares.

Preference shares or preferred stock are paid to the shareholders. They do not have any voting rights. It is the first preference of the shareholders. 

In accordance with the Companies Act 2013, Indian companies cannot issue irredeemable preference shares. A legal financial institute or company renders their help in the recovery of IEPF. Shareholders can easily recover their shares and dividend with the help of a legal and authorised advisor. 

Summing up

IEPF recovery must be done with the advice of a legal and authorized company. A person or the claimant can file one against the company, against one Aadhar card. The heir or the successor must ensure the transfer and transmission of the dividend and shares. 

Note: An IEPF form must be filled in containing the details like name, address, CIN number and the amount to be claimed. It must contain the year of the transferred shares and dividend. Proper bank details must also be present.