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Showing posts from April, 2023

How to Claim Shares from IEPF of a Deceased Person

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Prior to the emergence of dematerialized trading, paper certificates were used for the allocation of securities. Since these certificates are physical, it is possible for them to be misplaced, lost, or damaged. In cases where a shareholder passed away or a person died and the heirs were unable to collect the agreed-upon sum, you can call Legalraasta to claim the deceased person's shares from the IEPF in an efficient and successful manner. Read also this -: All You Need to Know for Recovery of Shares from IEPF In view of the above, the Indian Government underpinned a procedure where the investors can Claim shares from IEPF.So in this blog, we talk about claiming shares from the IEPF of a deceased person. Understanding the following phrases will help you claim your shares from the IEPF Unpaid Dividend: A dividend that has not been paid or claimed 30 days after it was declared. Unpaid Dividend Account: The corporation must move any dividend funds to a separate company acc

Instructions for Claiming the Shares from IEPF Authority

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After seven years after the transfer date, the "Unpaid Dividend Account" will be emptied of any funds transferred to the "Investor Education and Protection Fund" that haven't been paid out or claimed. This blog outlines the fundamental steps needed to claim shares from the IEPF authority. Read also this -: Detailed Procedure for Recovery of Shares From IEPF List of guidelines for claiming shares from the IEPF Field Name/Buttons Instructions/Particulars Particulars of the Applicant Enter the applicant's information. Information about the Business to which the Payment is Due Enter the valid CIN for the business that will be automatically entered when you claim shares from IEPF. Details of shares claimed Enter the details of the shares Nos of shares. Shareholder's client ID. Kind of Share. A number of shares were donated to the IEPF. Details of the number

Forged shares with reference to transfer of shares under the Companies Act, 2013

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The IEPF's operations are governed by the Companies Act of 2013. The shareholders have 30 days to make a dividend claim after the company declares one on its stock. The corporation is required by law to transfer the dividends to an account designated as the "Unpaid Dividend Account" (also known as unclaimed dividend transfer to iepf) if the shareholders have not claimed them after 30 days. This blog provides a thorough explanation of the full procedure. Read also this -: All You Need to Know for Recovery of Shares from IEPF What do you mean by share recovery? Because of this, some of the aforementioned securities never transitioned to digital form and are still in existence in the conventional format, i.e., physical paper, even after the introduction of the Demat system. These securities are easily vulnerable to theft, loss, or death of the security holder, and some money may even be transferred to a government organization for the benefit of the general public. Re

Can I Recover My Lost Share Certificate

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The Finance Minister proposed ways to recover unclaimed shares and dividends in the Budget, recognizing the necessity and significance of doing so to give investors a simple and effective way to get their unclaimed money back and to improve investor protection. The government established a process for claiming unclaimed shares, dividends, and bonus shares to address the issue of unclaimed shares. Unclaimed shares were transferred to the Investor Education and Protection Fund, or IEPF, which is an acronym for the fund. So, this page discusses the loss of shares for any corporation and how to recover shares from Iepf in depth. Read also this -: All You Need to Know for Recovery of Shares from IEPF Is it possible to find a misplaced share certificate? Certainly, as often happens with many investors, anyone can find their missing share certificate. If you've lost your physical share certificate for any company, all you need to do is write to the company with a copy of the certi

Guidelines for Recovery of Shares From IEPF

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To protect investors from losing control of their assets, stocks, unclaimed shares, or dividends, the Indian government established the Investor Education and Protection Fund (IEPF). In other words, if an investor dies, their investments and any unclaimed dividend money are given to the government. Thus, if you're looking to recover shares from IEPF, you've come to the correct spot. Here, we provide the essential information you need, and this blog will point you on the right route. If you still have questions, you can contact Legalraasta's legal counsel. Read also this -: India’s Best Share Recovery Consultant What does IEPF mean? If an investor loses money for any reason, the lost money is transferred to the government for the benefit of the general populace. To prevent this, the government established the IEPF. Many instances of shareholders forgetting to designate a nominee for their shareholdings have occurred. If the investor's legitimate heirs fail to asser

India’s Best Share Recovery Consultant

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In the beginning, share investments were made using actual share certificates. Investors who invested in a company in the form of shares or debentures were given tangible copies of their investments, which were difficult to store and easily lost or destroyed owing to numerous circumstances like moving locations or wear and tear on the share or debenture certificate. Then IEPF an government body had helped to recovered such unclaimed shares.This article described the many services that are employed for recovering shares and debentures.If you want India's Best share recovery consultant , call Legalraasta. Read also this -: Detailed Procedure for Recovery of Shares From IEPF Here is the list of services provided by us Share Transmission: Share Transmission refers to the legal process of transferring shares, i.e., the transfer of shares to the legal heir upon a decedent's death, insolvency, marriage, insanity, inheritance, bankruptcy, or due to any other "statutory"

Retrieve your Lost and Unclaimed Investment Made in Shares

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Investors have up to 7 years from the day when the shares were deemed lost to petition the government for lost and unclaimed shares. In the past, individuals would contact the relevant corporations one at a time to learn more, collect unclaimed dividends, or transfer shares to the iepf. However, the public can reclaim unclaimed and lost shares from their legitimate inheritance from numerous corporations through the IEPF , a government agency. It also helps people claim unclaimed shares or dividends from the government, which was previously not possible. Therefore, this article answers your question about whether investors can recover lost or unclaimed shares from the IEPF . Read also this -: Procedure for Claiming Shares Dividends from IEPF Process to Retrieve your lost and unclaimed investment made in shares Step 1: If someone wants to recover a lost or unclaimed share in their name, they must file an IEPF Form-5 to the MCA's official government portal. Instructions for

Procedure for Claiming Shares / Dividends from IEPF

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Investor Education and Protection Fund Rules, 2017 were created by the Ministry of Corporate Affairs to facilitate the recovery of such shares. According to these Rules, any unpaid or unclaimed dividend for more than seven consecutive years from the date of their declaration is transferred to the IEPF account. However, one must finish the company's transmission process before submitting an application to claim shares from the iepf. The Nodal Officer of the company verifies the claim when submitted in the designated form, and upon successful verification, it sends a verified report to the IEPF Authority. As a result, this blog just briefly describes the complete procedure of claiming shares from IEPF . Read also this -: Detailed Procedure for Recovery of Shares From IEPF Transferring Unclaimed Shares to the IEPF A corporation must transfer the shares with unclaimed or unpaid dividends for more than seven years to the IEPF, together with any accumulated interest. For the purpose

What is the Process to Claim Shares from the IEPF Account?

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Money transferred to the company's Unpaid Dividend Account that hasn't been redeemed or paid out for more than seven years from the day the dividend was declared must be transferred, along with any accrued interest, to the Investor Education and Protection Fund (IEPF). This article will outline the steps involved in claim shares from the IEPF account . To make your registration simple & quick, you can contact our team of legal advisors if you have any questions about the same. Read also this -: Process to Get Back Shares From IEPF Recovery of Share from IEPF Procedure Step 1: Claimant's Authority Filing:A claimant should submit the Form IEPF-5 on the MCA site if they want a refund or to obtain their shares back in their name. Step 2: Provide the Business with the Claim:After filing the Form IEPF-5, the claimant should send a copy of the form along with the necessary paperwork to the company's Registrar for claim shares from the IEPF account ." Step 3

Process to Get Back Shares From IEPF

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Many People invest money in shares, but either they forget to use them or they expire before they can be utilized, leaving the money unclaimed for a very long time. As a result, the Investor Education and Protection Fund (IEPF) was established by the Ministry of Corporate Affairs (MCA) to recover shares from the IEPF and guarantee that the correct individual can acquire and transfer unclaimed shares. According to the provisions of Section 124 of the Companies Act of 2013 and the Investor Education and Protection Fund Authority Rules of 2016, a business's shareholders may be entitled to a return of their unclaimed shares that were transferred to the IEPF by the firm. This blog assists you by answering all of your questions about obtaining a claim from the IEPF and explains the step-by-step process for recovery shares from the IEPF. Read also this -: Top Reasons for Share Buyback Who can apply for recovery of shares from IEPF? Any shareholder who has unclaimed shares that ha

Top Reasons for Share Buyback

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Can a company take back shares? Many businesses, particularly those in the technology industry, have announced share buybacks. Companies may decide to do a share repurchase for a variety of reasons. They can include the need for greater money in financial operations for various reasons. They are as diverse as the companies themselves. The procedure by which a firm purchases its own listed or unlisted shares from shareholders for any reason is known as a buyback of shares. Legalraasta can assist you in quickly and affordably claiming shares from the iepf. Read also this -: How do you recover from 50% Stock Loss What is share back? When a corporation buys back shares, it indicates it is purchasing its stock: A business must cancel the shares it has purchased back while doing so. As a result, the company's share capital decreases as a result of share buybacks. A firm is not permitted to invest in its own stock. If a firm has enough cash, it may elect to purchase its shares.

How do you recover from 50% Stock Loss

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Investing in stocks can be risky business, and sometimes, even the most well-informed decisions can lead to a significant loss. It's not uncommon for investors to experience a 50% or more loss on their stock investment or exchange. However, recovering from such a loss is not impossible. In this article, we’ll discuss the steps you can take to recover from a 50% stock loss and the option of claiming shares from (IEPF). Read also this -: What does recovery mean in the stock market What is IEPF Shared Recovery? IEPF is an organization runned by the government in India, they are responsible for protecting the interests of the top investors and educating them about their rights and responsibilities. One of the biggest key services offered by the IEPF Government organization is share recovery, which helps investors recover their lost shares. When a company announce unclaimed dividends or shares for 7 years, it is compulsary to transfer the same to the IEPF. The IEPF government

What does recovery mean in the stock market?

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Have you ever wondered what a stock market recovery really means for investors? It's a topic that can be both mysterious and intimidating, but fears not! In "Unlocking the Mystery: Demystifying Stock Market Recovery and What it Means for Investors," we'll dive deep into the meaning behind stock market recovery and how it can impact your investments. So, whether you're a seasoned investor or just starting out, join us on this journey as we unlock the mystery of what a stock market recovery means. Let's get started! Read also this -: How do you deal with shares loss What is a recovery in stock markets? When the stock market experiences a downturn, investors may feel anxious about their investments as the values of their portfolios decline. However, it's important to understand that market downturns are a natural part of the market cycle and that recoveries are also common. How does recovery happen? A "market recovery" refers to the period

How do you deal with shares loss?

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For many investors, investing in shares is an excellent way to grow their wealth over time. However, share investments do come with some risks, and one of the most significant risks is the possibility of experiencing a loss. A share loss can be a challenging experience, especially if it involves a significant amount of money. In this article, we will explore the best ways to deal with share loss, including understanding the process and claiming shares from the IEPF . Understanding Share Loss The first step in dealing with share loss is understanding what it means. A shared loss occurs when the value of the shares you own decreases. There are many reasons why this can happen, including market fluctuations, economic conditions, and company-specific issues such as poor performance or legal troubles. Share price loss can be a challenging experience for any investor, as it can lead to financial stress and anxiety. However, it is essential to remember that losses are a natural part of

How can I recover my lost shares in India?

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Investing in shares is a great way to grow your wealth, but sometimes, things don't go as planned. If you're an investor who has lost their shares, don't worry. In India, there is a process to recover lost shares through the Investor Education and Protection Fund (IEPF). In this article, we'll take a closer look at how you can claim shares from the IEPF and recover your lost investments. Read also this -: How can I claim my shares back from Iepf? Understanding the Investor Education and Protection Fund (IEPF) The Investor Education and Protection Fund (IEPF) was established by the Indian government to provide a platform for investors to claim shares that have been lost or unclaimed for a certain period. The fund is managed by the Ministry of Corporate Affairs and is governed by the Companies Act, 2013. The primary objective of the IEPF is to protect the interests of investors and ensure that unclaimed dividends, matured deposits, and other assets are returned to

How can I claim my shares back from Iepf?

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If you have shares that have been lying unclaimed for a long time, you might be wondering how to get them back. In India, the Investor Education and Protection Fund (IEPF) is a government initiative that allows shareholders to claim their unclaimed dividends and shares. In this article, we will discuss the process of claiming shares from the IEPF step by step. Read also this -: What is the recovery of shares in India What is IEPF? The Investor Education and Protection Fund (IEPF) was established by the Government of India in 2001 under the Companies Act. The primary objective of this fund is to promote investor education and protect the interests of investors. The IEPF also serves as a repository for unclaimed dividends, matured deposits, and shares. Who can claim shares from IEPF? Any shareholder whose shares have been transferred to the IEPF account can claim them back. Shares are transferred to the IEPF account if the company has not been able to locate the shareholder

What is the recovery of shares in India?

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The Indian stock market is one of the most dynamic markets in the world, with millions of investors trading daily. However, even in such a robust system, there are cases where shares are left unclaimed or forgotten. In such cases, the shareholders can recover their shares through a process known as "IEPF Share Recovery." Read also this -: How do I find old stocks in my name What is IEPF Shared Recovery? The Indian stock market is one of the most dynamic and complex markets in the world, with millions of investors trading daily. However, even in such a robust system, there are cases where shares are left unclaimed or forgotten , resulting in dormant shares. This is where the IEPF Share Recovery initiative comes into play, aimed at protecting the rights of shareholders and promoting investor awareness. The IEPF (Investor Education and Protection Fund) was established by the Indian Government in 2001 to promote investor awareness and protection. The fund is managed by th

How do I find old stocks in my name?

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Are you someone who has lost track of their old stocks? Do you have stocks in your name that you have forgotten about? If yes, then you are not alone. Many people tend to forget about their investments, especially if they were made a long time ago. Fortunately, there is a way to find your old stocks, and it's called the IEPF share recovery process. In this article, we will take a closer look at what IEPF share recovery is, how it works, and what steps you need to follow to find your old stocks. So, let's dive right in! Read also this -: How can I recover my lost shares What is IEPF Shared Recovery? IEPF stands for Investor Education and Protection Fund, which was established by the Indian government to protect the interests of investors. The IEPF Share Recovery process is a mechanism through which investors can claim their shares that have been transferred to the IEPF due to various reasons, such as the company not paying dividends or not updating their shareholders