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What happens to shares transferred to IEPF

When shares are transferred to the Investor Education and Protection Fund (IEPF), they are held in trust by the IEPF Authority. The IEPF Authority is a statutory body established by the Government of India to protect the interests of investors.

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What happens to shares transferred to IEPF

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  1. What happens to shares transferred to IEPF? When shares are transferred to the Investor Education and Protection Fund (IEPF), they are held in trust by the IEPF Authority. The IEPF Authority is a statutory body established by the Government of India to protect the interests of investors. The IEPF Authority manages the unclaimed shares in a number of ways. It may: Sell the shares and use the proceeds to fund investor education and protection initiatives. Hold the shares until the rightful owner comes forward to claim them. Donate the shares to charitable organizations. ● ● ● If you believe that you may be the rightful owner of shares transferred to the IEPF, you can contact the IEPF Authority to file a claim. You will need to provide the IEPF Authority with certain information, such as your name, address, and the date and number of the share certificate. The IEPF Authority will investigate your claim and, if it is successful, will transfer the shares to you. Here are the steps on how to claim unclaimed shares transferred to IEPF: 1. Check if your shares have been transferred to IEPF. You can do this by searching for your shares on the IEPF website. If your shares have been transferred to IEPF, you can file a claim. You can download the claim form from the IEPF website. Submit the claim form along with the required documents to the IEPF office. The required documents include: ○ Proof of identity ○ Proof of address ○ Share certificate (if available) The IEPF will process your claim and, if it is successful, will transfer the shares to you. 2. 3. 4. The process of claiming unclaimed shares can take several months. However, it is essential to file a claim as soon as possible to avoid losing your shares. Here are some tips for avoiding your shares being transferred to IEPF: Keep your share certificates in a safe place. Update your contact information with the company. Check your mail regularly for dividend notices. Claim any dividends that are owed to you. ● ● ● ●

  2. By following these tips, you can help to ensure that your shares are not transferred to IEPF. GLC Wealth through its dedicated platform www.iepfclaim.in has been a pioneer in recovering multiple crores worth of shares recovery from the IEPF Authority. Dealing with the bureaucracy isn’t easy in India but our widely renowned professionals have resolved IEPF Claims in even the utmost technical scenarios. Our professionals will first understand your matter in detail and then guide you on the best way forward to resolve IEPF-related matters. Our IEPF solutions include: End-to-end IEPF Shares Recovery End-to-end IEPF Claims for dividends IEPF rejections IEPF delays Verification reports not filed Release of claims post approval from IEPF ● ● ● ● ● ● IEPF Shares Recovery

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