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Showing posts with the label Unclaimed dividends and shares

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

Approach to Claim your Unclaimed Dividends and Unclaimed Shares

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  With the rise of online trading and mobile technology, it’s easier than ever to set up an investment account online. If you have bought mutual funds or stocks in India, chances are that your investment has grown faster than you have had the time to claim your dividends and share certificates. You’re not alone – there are billions of rupees just sitting out there in investor accounts, just waiting to be claimed by their rightful owners! That’s where the process of claiming your  unclaimed dividends and shares  in India comes in, with government bodies like the Investor Education and Protection Fund of India taking care of this process on your behalf. Here’s everything you need to know about claiming your  unclaimed dividends  and shares in India. Know about IEPF IEPF is an autonomous body that was set up as a trust by the Indian government under the auspices of the Ministry of corporate affairs or SEBI. IEPF has been established for the protection of investors, with a mandate