Infinysolutions

  Nowadays, many people are investing their money into shares. However, when the time comes, they forget to claim their money or claim their money after the expiry date. In those situations, the money remains unclaimed for several years. To solve this issue, the Ministry of Corporate Affairs or MCA has introduced the IEPF or Investor Education and Protection Fund to make sure that those unclaimed shares can be legally transferred and even received by the eligible person. Now, you may need to know about the procedure of IEPF shares recovery . So, to help you out, here is the details of the procedure. The shareholders of a company can receive a refund of their unclaimed shares . Here is the detailed procedure for your help: Transfer of unclaimed shares A company needs to transfer the shares where the dividend has remained unpaid or even paid for a time period of more than seven years to the IEPF with accrued interest. For this, the company needs to submit the detailed information of...

  Many of us are in desperate need of assistance in reclaiming lost shares , debt instruments, profits, unit trust, deposits, and other assets that were never delivered to us. Many of us wonder, "How can I find an unclaimed dividend?" since we've misplaced, misdirected, or neglected our certificates and information. Recovering such advantages is a difficult undertaking since we lack understanding of the entire process that must be followed in order to recover them successfully. What do you mean by Investor Education and Protection Fund? Have you heard of the Investor Education and Protection Fund? Are you familiar with what it does and how it works? Do you understand how it aids in the recovery of unclaimed funds? For the uninitiated, it stands for Investment Sector and Protection Fund. The Department of Internal Audit established this Fund, which is funded through abandoned shares, earnings, deposits, debentures, and other assets. The IEPF is overseen by a trust, which ...

  If you are a non-resident Indian, the Indian share market may not be of particular interest to you. However, it might pay to keep track of happenings in the market.   Understanding the Indian financial market landscape In 2016, the government of India created the Investor Education and Protection Fund (IEPF) to educate investors and safeguard them from losing control of their assets and stock. Numerous examples exist of investors forgetting to appoint a nominee for their stock ownership. This implies that if an investor dies, their investments, as well as any  unclaimed dividend  money, are passed to the government. Unless the investor’s lawful heirs file a claim, the government may spend these monies as it sees proper. The IEPF permits and encourages investors to contact the government to request dividends and to have their long-forgotten shares repaid, allowing for the  recovery of lost shares . The IEPF was created with the best interests of shareholders in...

  Securities and Exchange Board of India (SEBI) is responsible for overseeing the regulation of all participants in the Indian capital market. It tries to safeguard investors’ interests and grow capital markets by implementing a variety of laws and regulations. In the wake of increasing frauds related to the share market, SEBI has been trying to make regulations more robust to protect investors. In this regaird, the most tricky aspect for SEBI to deal with has been fraud related to   unclaimed shared and unclaimed dividends , especially in the physical shares format. This change will help reduce the danger of fraud and manipulation in the physical transfer of securities by unscrupulous individuals. Furthermore, holding shares in demat form simplifies and secures transactions for investors. With that in mind, SEBI recently released a new notification. SEBI ISSUES NOTIFICATION FOR INVESTOR PROTECTION   SEBI issued Circular No. SEBI/HO/MIRSD/MIRSD RTAMB/P/CIR/2021/655 on Nov...

  Earlier investment investments in the form of shares were made physically through share certificates. Being tangible, these documents get lost and destroyed if not kept safe. Due to this, many of the investors lost their shares and dividends. But with time, SEBI has come up with some friendly guidelines that help investors get back their lost shares and dividends. Through  IEPF Share Recovery , it is now easy for investors to track their lost claims. Process of recovery of share and finding lost shares    Stage 1- The Authority of the Claimant If you wish to get back your lost shares in your name, you must submit the IEPF Form-5. This form is needed to be submitted to the MCA. While filling in the form, you must provide your entire Claimant’s information—also, the Company from where your shares belonged with the CIN number.  Also, include the amount of the lost dividend that you want to claim back. If you are an Indian citizen, you must provide your Aadhaar d...

  The IEPF stands for Investor Education and Protection Fund for addressing the steadily expanding issue of individuals failing to remember their shareholdings in an organization. The IEPF recovery system was introduced by the government to educate investors and to safeguard their interests. The Government deals with any lost share moved to this account until the legitimate investors apply to get them transferred to their account. The profits on the shares stay unclaimed for quite a long time since individuals will more often than not fail to remember that they own the shares in any case. Regulatory Laws That Govern IEPF The Companies Act, 2013, and Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules established in 2016 are relevant to the IEPF. These regulations express that the financial backers get a limit of 30 days to guarantee the profit after its announcement by the government. If the profits and share dividends stay unclaimed eve...

  The IEPF or the Investor Education and Protection Fund are used for promoting awareness and protecting the interests of the investors. So, let’s talk about what are IEPF and IEPF recovery and the amounts that are transferred to IEPF. What is IEPF? Before knowing about IEPF recovery , you should know about what a company is. To explain legally, a company is a legal body that is able to own a particular amount of property and hence can sue or be sued under its own name. Though it has no specific meaning legally, to say generally, it is a group of people who work professionally and try to achieve a particular result. The IEPF or Investor Education and Protection Fund was a fund that was set up initially to pool in all the dividends, shared application money or interests, matured deposits debentures, etc., that have remained unclaimed for seven years.  All the money that is collected from those sources needs to be transferred to the fund known as IEPF.  The investors, who ...