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Showing posts with the label recovery of shares

Effective Guide for Successful Recovery of Shares

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IEPF recovery refers to the process of reclaiming unclaimed dividends, shares, and other assets by the Investor Education and Protection Fund. Step-by-Step Guide on the Recovery of Shares: 1. Contact the Registrar and Transfer Agent (RTA) of the company where you hold shares. Provide them with the necessary details such as your name, address, and demat account number. 2. In case of lost shares, file a police complaint and obtain a copy of the FIR. 3. Submit an application for the issuance of duplicate shares to the RTA. The application must include all relevant details such as the number of shares lost, the folio number, and the name of the company. 4. Attach the FIR copy and an indemnity bond with the application. The indemnity bond should be duly signed and notarized. 5. Pay the required fees for the issuance of duplicate shares. 6. Once the RTA receives your application and verifies the details, they will issue duplicate share certificates. 7. In case of unclaimed shares , check th

Guidelines to Recover Shares in IEPF

IEPF, which stands for Investor Education and Protection Fund, is mainly set up to protect the interests of investors. It also spreads awareness among investors about it by mentioning all the details on its website. Many times, people mistakenly fail to claim their shares which were transferred to IEPF by the Company, resulting in lost shares. And crores of such unclaimed funds take the shape of old equity shares, dividends, debentures, and more which pile up with IEPF. If your funds are also lying with IEPF, you must track them and claim your shares in IEPF as soon as possible. Speaking of  lost shares recovery , in this article, we will discuss the guidelines for recovering shares in IEPF. So,  let’s get started! Required Documents for lost share recovery from IEPF Claim form with claimant’s signature. Indemnity Bond claimant’s signature. Copy of Acknowledgement bearing SRN number duly attested by the claimant. Advance stamped receipt Aadhar Card PAN Card Original certificate of refu

Importance Of Putting Nominee For Your Investments

  Whenever we begin our investment journey, all we are concerned about, is completing the paperwork, getting the account opened, and raking in the big bucks. Seldom does our eye go to the little column that asks us to put a nominee for our investments. While investing, having to put down a nominee may seem unimportant but your next of kin will be eternally grateful if you do so. In the absence of them being listed as a nominee, the next of kin has a hard time claiming the recovery of shares and any other assets attributed to the deceased. A number of financial agencies are beginning to make assigning a nominee compulsory, but most investors continue to ignore the practice. What is it A nominee is typically an individual who has been designated by the asset’s owner to be entitled to his asset in the case of the owner’s death. The title, the property, and the benefits all accrue to the nominee in such a case. Appointing one ensures that your shares get passed on to your trusted member wi