RECOVERY OF SHARES LOST TO IEPF
- Claiming shares from IEPF
- Recovery of lost Shares
- Issuance of Duplicate Share Certificates upon misplacing Original Certificates
- Claim unclaimed dividend transferred to IEPF
- Coordination with Registrar and Transfer Agent (RTA) for Transfer of Shares
In the older Days, investments in shares were made through certificates in Physical form. Investments made in the company in the form of shares or loans by investors are distributed in a transparent manner. These stocks/bills on paper were hard to keep and easily wasted and lost. It was difficult to keep them safe in paper form as investors would eventually lose or disassemble them for various reasons such as moving from one place to another, inserting and tearing up a share / Debenture certificate.
There may be multiple reasons as listed below for non-claiming of investments in a physical manner;
- Loss of Share Certificates
- Turned share Certificates
- Shares held but forgotten
- Death of Original Share Holder
DEAL OUT PROFESSIONALS is your umbrella solution for claiming these unclaimed shares. At DEALOUT PROFESSIONALS, you will find complete assistance in all your doubts and questions related to shares, stock transfers, duplicate stocks, the transmission of shares, etc. On the crux, DEALOUT PROFESSIONALS will help you get back your unclaimed shares.
These are some of the highlighted services from DEALOUT PROFESSIONALS:
- UNCLAIMED DIVIDEND
Companies announce Dividends on shares annually and when these benefits are ‘not claimed’ by the shareholder for a consecutive period of 7 years, then the Dividend amount along with the Shares on which the dividend amount is accrued is transferred to the IEPF Account. As an investor, you are allowed to claim your unclaimed dividend even after the shares have been transferred to an IEPF account. HOW CAN DEALOUT PROFESSIONALS ASSIST YOU IN GETTING YOUR SHARES BACK? There are a lot of investors in despair because of the transfer of shares to IEPF on account of unclaimed Dividends even after the government’s ongoing efforts to ensure the protection of unwanted shares, deposits, debts, split shares, bonuses, etc.
If you are an aggrieved Investor of unclaimed dividends, no need to worry anymore. Dealout Professionals are always available to provide you with complete assistance. We are here to help you recover the unclaimed dividends and shares. Here are some of the problems you may encounter during your efforts to claim back shares transferred to IEPF.
- Wrong/lack of Records: The primary reason for the happening of unclaimed shares is outdated or incorrect information of shareholders. Mismatch of any personal information including name, age, father-in-law’s name, DOB, and address may place a person’s share of the unclaimed dividend.
- Improper or No Execution of Transfer or Transmission: Sometimes the buyer’s shares remain in the seller’s name due to incorrect or non-existent transfers. It happens mostly in the case of physical shares. Similarly in the case of a transfer of shares, if the legal successor or heir fails to make the appropriate transfer of shares on his or her behalf after the death of the investor. It could be for any reason including negligence for any reason, fraud from the company concerned, lack of effort, or improper legal consultation.