IEPF stands for Investor Education and Protection Fund.
Set up by the Ministry of Corporate Affairs (MCA) under Section 125 (1) of the Companies Act 2013, Investor Education and Protection Fund (IEPF), is a government body which was established by the central government to educate investors about their investments, protection of interests and to manage the unclaimed dividends and other securities of companies.
As per Section 124 (5) of Companies Act 2013 any dividend which is lying unclaimed for 7 consecutive years is bound to be transferred to the IEPF.
Also, as per Section 124 (6) of Companies Act 2013 all shares in respect of which dividends have not been claimed for 7 or more consecutive years will also be transferred to the IEPF.
Recover of shares and dividends from the IEPF Authority can be a cumbersome process if not done correctly. With years of expertise in this field we aim to simplify the process for our clients. To file an IEPF claim, one requires following documents:
- Self-attested copy of Aadhar card & PAN Card.
- Cancelled cheque leaf.
- Client master list of the Demat account self attested by the claimant and attested by the DP.
- Self attested SRN Acknowledgment.
- Indemnity Bond self-attested by the claimant and witnessed.
- Advance stamped receipt bearing the revenue stamp, self-attested by the claimant along with signatures of the witnesses.
- Letter from Registrar and Transfer Agent which has been verified by the Nodal officer to be used as a Proof of Entitlement.
- Original certificates of the shares and investments, if held in the physical form or a copy of a transaction statement if held in the Demat form as a proof of ownership of investments. In case original share certificates are lost documents submitted to RTA for issue of duplicate shares need to be attached.
- Copy of passport and OCI /PIO card in case of foreigners and NRIs.
- Any other supporting documents submitted to the company for name change, address change, signature change, issue of duplicate shares etc.
If you want to Recover of shares from IEPF with hassle free, so you can contact us now at :- 📞 +91 -9310303046