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Showing posts with the label Claim of Shares From IEPF

IPO Journey in India Through The Decades

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  India is experiencing a surge in initial public offerings (IPOs). In 2021, the Indian market saw year-on-year growth of 156 percent in IPO activity, as per an Ernst & Young report. This trend has carried into 2022 with the recent LIC IPO seeing record applications. The IPO boom is happening at the same time as a slew of aggressive, youthful first-time investors flood the market. But can we expect further growth or will the end result be unpleasant? Looking to the past may offer some hints. The curious case of the 90s There were 6,300 public issues between 1990-91 and 2021-22, which raised over Rs 8.4 lakh crore. However, more than two-thirds of the offerings were made in the first six years (1990-91 to 1995-96) alone. Out of these, the funds generated only accounted for only 4.8 percent of the total funds raised through such offers during the previous three decades. On the other hand, just 5.6 percent of the total issues given in the 30 years were raised in the last six years (be

The Magic Box Of Long-term Investments

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The era of the 1980’s was a BOOM BANG in the  Indian Share market  where one after another an  IPO  was knocking the door of investors. The time was seen as no less than OPPORTUNISTIC!! Retail investors ,  brokers ,  sub brokers & bookies  -everyone saw a golden chance and invested in the share market wholeheartedly. Through friends, relatives, neighbors, colleagues, anyone would come to know about the next talked about  IPO  and would fill his form to be a cake piece owner of a dream company – to the extent that for many shares trading became their secondary business. But as they say, “Days do not remain the same ” the scam of 1990 brought down the riding bull & with it lay strewn the hopes of thousands of investors into bits & pieces. When hope breaks anger vents. People were just not bearish but shattered enough not to believe in the return of Bull. Some locked their share certificates in dark rooms and some even went to the extent to tear them & burn these deemed to

How to Claim Unverified Dividends and Shares After Being Transferred to IEPF

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Many a time it is observed that several shares in any company remain unclaimed or unpaid for a long period. The reasons could vary, however. Sometimes people are not aware of the shareholding, or they could have forgotten the shares, or even the shareholders have expired. Sometime before, the shareholding person has no clue about claiming such shares and in many cases, they would have been transferred to Investor Education and Protection Fund ( IEPF ). But before proceeding towards the process of claiming the unpaid or  unclaimed dividend and shares , we should know what IEPF is. About IEPF Considering the problems regarding the claiming of unclaimed and old shares, the Ministry of Corporate Affairs(MCA), Government of India, has introduced an authoritative body of Investor Education and Protection Fund ( IEPF ) under section 125 of Company Laws, 2013. This body has the responsibility of educating people about the refunds and administration of unclaimed dividends and helping t