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Any person or shareholder whose unpaid or unclaimed amount has been transferred by the company to the IEPF can claim their refunds from the IEPF authority by filling out an application for recovery of shares from IEPF.
Investing in shares is indeed popular among the Indians for overall wealth creation. It has been observed that many investors face difficulties in claiming investments, that they have forgotten to claim within a time frame or let them expire. This has led to an increased large number of unclaimed shares in India.
Therefore, the Indian government, in order to address this situation has introduced lost shares recovery from IEPF (Investor Education & Protection Fund) through the Ministry of Corporate Affairs (MCA). The primary objective is to safeguard the interests of investors and to promote investor education in India.
Facing hurdles in the path of recovery of shares from IEPF?
Connect with our IEPF shares recovery consultants.
IEPF stands for Investor Education and Protection Fund; it was introduced by the Central Government under the Ministry of Corporate Affairs with the primary objective of protecting investors' interests and promoting awareness. IEPF is established under section 125 of the Companies Act,2013. A company’s investor unclaimed and unpaid amounts are pooled and credited into the IEPF.
As per the Companies Act, 2013, securities shall be transferred to the IEPF or Investor Education and Protection Fund when shares or dividends remain unclaimed or unpaid for seven consecutive years.
Additionally, it is a platform for lost shares recovery by investors in India, meanwhile, the IEPF authority shall use IEPF funds only for the purposes mentioned in the Act. The IEPF's accounts will be audited by the Comptroller and Auditor General of India.
Did you know that your shares could be gone forever? Act fast to recover your shares from IEPF before it’s too late.
Any person or a shareholder whose unpaid or unclaimed amount has been transferred to IEPF by the concerned company may claim recovery of shares from IEPF authority. Subsequently, to claim such share amount or lost shares recovery, a claimant must specifically fill out a form IEPF-5 along with the necessary documents.
However, the company must submit the necessary details and information regarding the share transfer to the IEPF authority. A claimant can only make one consolidated claim of a company in a financial year.
In cases where the claimant is a legal heir, nominee, or successor of a registered shareholder, they must first ensure that the share transmission process is completed by the company. Once this procedure is finalized, the claimant must obtain an entitlement letter before applying for the recovery of unclaimed shares from the IEPF with the relevant authorities.
An applicant seeking recovery of shares from IEPF authority must be equipped with the documents given below to file an IEPF claim.
Use WhatsApp to ease out the documentation process for lost share recovery from IEPF.
Have a look at the steps for share recovery from IEPF-
Visit the IEPF website and enter your PAN card or folio number details to check if your shares are lying with the IEPF.
Go to the MCA portal and fill out Form IEPF-5, providing necessary details like applicant information, shares, dividend, Aadhar number, CIN, etc.
Upload all the required documents on the IEPF website as per the instructions.
Once the form and documents are complete, submit the application. An acknowledgement receipt will be generated and sent to you.
Use the acknowledgement receipt to follow up with the IEPF authority and track the progress of your claim.
Forward the same form and supporting documents to the company’s nodal officer. They will verify and send a report to the authority regarding approval or denial.
Once the IEPF authority verifies your eligibility, they will transfer the shares to your demat account and any pending dividends to your bank account.
The share recovery from IEPF can be time-consuming and complex. Talk to our IEPF recovery agents today for a swift process.
An IEPF is an authority administered by the Ministry of Corporate Affairs, which is entrusted with the responsibility of the administration of the Investor Education Protection Fund to refund shares, unclaimed dividends, matured deposits, etc, to investors and promote awareness. Below are some of the major points on how IEPF benefit Investors:
The charges for IEPF shares recovery come around Rs.10,000/- to Rs.12,000/- depending upon the complexity in assisting the process of the IEPF claim end-to-end. However, these charges vary from case to case, as well as various other additional procedures such as duplicate certificates, newspaper ads, etc.
Have a look at the timeline for recovery of shares from IEPF-
Claim Application Filing
It typically takes around 30 days from the date of transfer to IEPF.
Claim Processing
It takes approximately 30 to 60 days.
Claim Approval
Once the claim is approved, the shares are transferred to the claimant.
Share Transfer to the Claimant
It takes around 30 days from the date of claim approval.
Total Timeline
The entire process takes around 60 to 120 days.
However, the timeline may be extended due to regulatory delays. Thus, we recommend you consult our ROS consultants for quick and effective solutions to recover shares from IEPF, saving your time and effort.
Our IEPF recovery agents are leaving no stone unturned in supporting in recovering the lost investments of investors. Get a glimpse of Investorlink service offerings for IEPF recovery of shares-
Given below are the solid points and data that helped Investorlink emerge as the most trusted and investor's favourite platform for recovery of shares from IEPF-
Feel free to contact our Investorlink experts, as we are just one call away, and understand the overall process for recovery of shares from IEPF.
Lost shares could mean lost wealth- Reclaim and Secure What’s Yours!