Infinysolutions

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

Investing your hard-earned money can be an important step towards securing your financial future. However, it is equally important to ensure that your investments are well-protected and managed. One way to do this is by appointing a nominee for your investment accounts. In this blog, we will explore the importance of a nominee in investments. What is a nominee? A nominee is a person appointed by an investor to act on their behalf in case of their untimely demise. The nominee can be a family member, friend, or anyone the investor trusts. The  nominee  is responsible for receiving the benefits of the investment in case of the investor’s death. Importance of a nominee in investments: 1. Ease of asset transfer/ Transmission:  When an investor dies, the legal process of transferring assets to their legal heirs can be time-consuming and complicated. However, if a nominee is appointed, the process becomes much easier and faster. The nominee can receive the benefits of the investment and distr