The ownership of shares where a dividend has been unclaimed for a continuous 7-year period gets transferred to Investor Education & Protection Fund (IEPF)
Even though the investor may be in possession of the share certificates, if the shares have been transferred to IEPF then the shares cannot be dematerialized or sold.
| 1. | Getting the KYC of the shareholder(s) registered |
|---|---|
| 2. | Obtaining a Letter of Entitlement from the Registrar which gives yearwise details of dividend amounts that are unclaimed |
| 3. | Creating a Login ID at Ministry of Corporate Affairs (MCA) Portal |
| 4. | Filling Form IEPF-V online after logging in through the credentials created at Step-3 above |
| 5. | Printing the SRN Acknowledgement after successful upload of IEPF-V form |
| 6. | Sending the hard copies of filled IEPF-V Form, SRN Acknowledgement, Share Certificates, KYC Documents, IEPF Affidavit & Indemnity Bond, etc. by courier to the Nodal Officer of the Company |
| 7. | The Company will verify the claim documents and forward the Verification Report to IEPF |
| 8. | IEPF will again verify the claim documents and send approval of claim application to the shareholder through email |
| 9. | A few after the approval notification email, the shares will be credited to the investor’s demat account |
Please note that if there is any death claim (Transmission) or duplicate certificate issue requirement, then these procedures have to be done before applying for IEPF claim. The Letter of Entitlement in favour of the surviving shareholder(s) / claimant(s) have to be obtained first.
VIKRAM PURI
2022-08-08
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2022-07-28
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2022-07-07
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2022-06-13
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2022-06-06
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2022-06-02
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2022-06-02
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2022-05-30
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