Union Finance Minister Nirmala Sitharaman launched an important pan-India campaign from Gandhinagar, Gujarat, ‘Aapki Punji, Aapka Adhikar’. This campaign aims to make the common man aware of his financial rights and simplify the process of claiming unused or unclaimed assets. Currently, about Rs 1.82 lakh crore of financial assets in the country are lying unclaimed […]
Inheriting investments like shares and stocks can be pleasant, but may not actually be the greatest blessing if one lacks the proper legal knowledge. It makes claiming them rather complicated. After the death of a shareholder, often families don’t know what course of action to follow, especially when the investments are large or diversified across […]
Have you ever bought Bank of Baroda shares, only to find years later that they are no longer yours or your dividends are unclaimed? If yes, you’re not alone. Many investors experience this problem, usually because of old records, unmonitored investments, or unexpected life circumstances. The good news is that shares that have been transferred […]
The death of a loved one is perhaps one of the most difficult phases in one’s life, and while dealing with such emotional loss, their family has to deal with the financial and legal aspects associated with it. One of the most important legal steps involves the transfer of property belonging to the deceased to […]
Today, shares and dividends constitute an integral part of individual wealth in today’s economies. Unfortunately, a large number of investors are still unaware of the fact that long-forgotten investments might be lying unclaimed. In India, crores of dividends and shares are transferred to the Investor Education and Protection Fund (IEPF) because the rightful owners failed […]
When a company makes a profit, it shares that income with its shareholders. If a shareholder dies, their shares don’t disappear. Instead, they pass to a chosen beneficiary or heir. Shares can be in either electronic (demat) or physical form, so proper paperwork is needed for the next owner to inherit them. This process, called […]
The Provident Fund (PF) is one of the most reliable long-term investment schemes for any salaried person in India. This scheme is effectively managed by the Employees’ Provident Fund Organisation (EPFO) in terms of contributing to the financial security of an individual after retirement and acting as a platform during emergencies. Despite being important, a […]
In today’s financial environment, shares and securities represent investments as well as individual wealth and legacy. These investments, in the event of death or legal incapacity on the part of the shareholder, demand the transmission of shares and securities. While the transfer of shares by sale or gifting is the common transfer mode, the […]
Imagine this-you’ve been an investor in Hero MotoCorp for so many years, but you’ve lost track of your investment at some point. You might have lost your physical share certificates or forgot to claim your dividends. It could also be that these shares were given to you by a deceased relative, and you never bothered […]
During the time of an emotional loss, when you have lost your loved ones, regardless of the grief, you need to undergo a legal journey. This is when you want to claim the deceased person’s assets. The process is straightforward but sometimes becomes complex if the deceased didn’t leave a will behind. In these situations, […]