Instructions for Claiming the Shares from IEPF Authority

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 of Dividends claimed Insert the claimed dividend amount's details here: A number of claims from the FY. A kind Claim. Claim's Dividend Amount. Security's nature.
Aadhaar Number or Passport/ OCI/ PIO Card No. (in the case of NRI/ foreigners) Indian citizens should enter their Aadhar number and OCI/PIO card number ( For foreign nationals).
Details of bank account For Indian citizens, a bank account number must be linked to an Aadhaar number.
Demat Account Number To claim shares from IEPF, enter your Demat Account Number.
Declaration Mark the declaration, then make the necessary arrangements for the paperwork
Check Form After successful validation, fill out the e-Form by clicking the Check Form button
Modify After the "Check Form" process, utilize the alter button to make changes.
Pre Scrutiny Click the Pre-scrutiny button to check for problems after reviewing the e-Form, or save the form to claim shares from IEPF.

Basic Guidelines are needed in order to upload the form

  • Proceed to the MCA Services section of the official government website, where you can upload E-forms. Once you've logged in using your user ID and password, click the regular forms link, add an attachment, and then submit the form.
  • For the purpose of claiming shares from IEPF, payment must be made after the form has been submitted.
  • Following that, a tracking status acknowledgment is automatically generated.
  • Please be aware that when sending the form to the Company to claim shares from IEPF, the acknowledgment must be attached by law.
    • Read also this -: Can I Recover My Lost Share Certificate

    Conclusion

    Shareholders of the Company who have had their shares transferred to the Investor Education and Protection Fund Authority in accordance with Section 124 of the Companies Act of 2013 and the Investor Education and Protection Fund Authority Rules of 2016 may assist in reclaiming their shares from the IEPF. If the IEPF Authority asks the shareholder to resubmit any papers, the shareholder must send the necessary paperwork to the Nodal Officer, who will then send the updated paperwork and a verification report to the IEPF Authority for the purpose of resolving the shareholder's claim.

    We trust you understand the fundamental guidelines for claiming shares from IEPF authority, and if you need any assistance with your request, please contact the Legalraasta team of experts.

    Location: India

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