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Showing posts with the label unclaimed shares

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

YOUR MONIES AND INVESTMENT CLAIMS MIGHT JUST GET SWOOPED AWAY. BEWARE OF SHARE FRAUDS

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From Harshad Mehta to Ketan Parekh and so many more in between, there have been a number of well-documented stock and share market scams over the years. Such frauds could utilize any or a combination of methods from below: Shell companies : Such entities use the names of established brands such as Apple or Reliance. They lure investors with the intention of defrauding them. Boiler rooms:  This is a high-pressure selling technique used to peddle speculative shares. Brokers often use this technique to push penny stocks which results in losses higher than the client can bear. Pump and dump:  In a world rife with fake news, misleading information helps pump up the price of certain stocks. When the stock hits a target price, they are then dumped for huge profits. Those who are left holding the stock suffer untold losses. Insider trading:  This is the criminal practice of using secret information to trade on the stock exchange for one’s personal profit. Even though regulati

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

Importance of Nominee in Investments

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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

Claim Unverified Dividends and Shares After Being Transferred to IEPF

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 them to m

Reclaim Your Wealth: Know The Difference Between Unclaimed Dividend And Unpaid Dividends

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The government of India developed the IEPF or Investor Education and Protection Fund to safeguard and educate investors that will protect them from losing control of their stock and assets. There are many examples of investors failing to select a nominee for their shareholdings. This means if an investor passes away, his investments are transferred to the government, along with the money related to unclaimed dividends or unclaimed stock dividends . After that, these funds can be used by the government as they think right unless the rightful heir of the investor makes his/her claim. The IEPF encourages and allows investors’ to contact the government to ask for their dividends and even request that their shares that are long-forgotten shares be refunded, ultimately facilitating lost shares recovery. The IEPF was developed with the investors or shareholders’ best interest in mind, and hence, it helps protect the monies of investors along with raising awareness regarding this issue. What i