How to recover shares from IEPF?
Nowadays, many people are investing their money into shares. However, when the time comes, they forget to claim their money or claim their money after the expiry date. In those situations, the money remains unclaimed for several years. To solve this issue, the Ministry of Corporate Affairs or MCA has introduced the IEPF or Investor Education and Protection Fund to make sure that those unclaimed shares can be legally transferred and even received by the eligible person. Now, you may need to know about the procedure of IEPF shares recovery . So, to help you out, here is the details of the procedure. The shareholders of a company can receive a refund of their unclaimed shares . Here is the detailed procedure for your help: Transfer of unclaimed shares A company needs to transfer the shares where the dividend has remained unpaid or even paid for a time period of more than seven years to the IEPF with accrued interest. For this, the company needs to submit the detailed information of suc