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 them ...

For the purpose of claiming shares and/or dividend money, an indemnity bond (original) must be executed on non-judicial stamp paper according to the format provided in Annexure I. The claiming process of IEPF totally depends on the indemnity bond. Thus, make sure you read this before claiming. Indemnity Bond: An overview An indemnity bond serves as insurance for the lender in the event that the borrower breaches the conditions and terms of the loan. It is mostly utilized in the loan and mortgage business. A stamp paper with a monetary value that varies from state to state is used to generate an indemnity bond. Particularly, it is written to meet one's demands and legal requirements and comes in a variety of forms. An indemnity bond is a promise made by someone signing a contract to cover losses in the event that the agreement is broken. This means that the lender will have every right to collect losses and damages resulting from a defaulting party if a person is required to fulfill...

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...

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...

Protect yourself from the financial crisis with IEPF IEPF is a unique fund that was created to help protect investors and offer them education. It has many advantages, which is why it’s such an important resource for those looking to invest. Some of the key benefits include its ability to provide financial assistance during times of crisis, support investor education initiatives, and create a safer investment environment for everyone involved. If you’re interested in learning more about  IEPF recovery  or want to find out if it’s the right option for you, keep reading. We’ll go over everything you need to know about this valuable fund. Save Your Money with the Help of the IEPF Authority The government has established an Investor Education and Protection Fund Authority to administer the benefits of shares  unclaimed dividends , matured deposits/debentures etc. among investors in a professional manner through its refunding policy which is beneficial for both investors as we...

Every company that issues capital has to give a share certificate to show the owners of the shares. It is duly stamped and signed by the director or by the authorized person under the common seal of the company. The number of shares purchased, the certificate number, the shareholder’s name, and address, the company’s name, and address, and many other details are listed on the share certificate. You should keep your share certificate safe because it serves as the initial proof that you are the owner of the company share. The misplacement or loss of the share certificate will affect you financially, as you will not have any proof of the ownership of the shares. If you have also misplaced or  lost your share certificate , there is no need to worry because the company issues a duplicate certificate. The  company can issue duplicate share certificates   only when: The original document should be proven lost. The original certificate that got damaged or torn, should be handed o...