How to Find Lost Stock Shares
The Investor Education and Protection Fund (IEPF) was founded by SEBI and the Ministry of Corporate Affairs. It serves as safe custody for shareholders’ funds and collects all dividends from asset management companies, matured deposits, shares application interests, debentures, and other interests that have been unclaimed for at least seven years. The IEPF provides investors with a much-needed break by gathering and combining funds from all the aforementioned sources. Investors can use this platform to request reimbursement for their unclaimed shares . The rightful owner/successor has experienced excessive stress, confusion, and anguish as a result of the lost shares . In order to facilitate the transfer of securities, SEBI further announced on March 28, 2018, that requests for transfers other than transmission or transposition would not be honored unless the securities are held in a depository’s dematerialized form. On April 1, 2019, this rule became effective. The aforementioned rule