The Central Government introduced the Investor Education and Protection Fund (IEPF) to protect investors’ interests and promote awareness. It is established under Section 125 of the Companies Act, 2013. Any unpaid or unclaimed (for 7 consecutive years) amounts belonging to a company’s investors are pooled and credited into IEPF. Any shareholder whose unclaimed shares have been transmitted to the IEPF can claim the refund of such shares by applying to the IEPF Authority. However, a claimant can make only one consolidated claim regarding a company in a financial year. Our “recovery experts” are helping our clients in the claim of such investments hassle-free and in less time period for the last 35+ years.

Anyone can lose things, and shareholders also can lose their share certificates. By lose, we mean anything ranging from damaging or misplacing share certificates right through to having them stolen. And a lost share certificate has to be reported to the company secretary upon realization. By following the correct process with the right documents; a company should issue the duplicate share certificate.

The return from many financial investments is not processed due to signature mismatch issues. A mismatch of signature occurs when your present signature fails to match with the signatures present on the records due to handwriting having changed with age, the difference in the spellings, etc. Our expert team can resolve this issue and get your signatures updated in the company.

One of the main reasons for unclaimed investments is the change of address. An investor when moves from his/her registered address lose touch with the company if their new address is not updated in company records upon address change and with time sometimes even forgets about their old investments. Our expert team can help you get your new address updated in the company records.

Need of name updation can occur due to marriage, spelling error, nicknames being used, a middle name which no longer mentioned in ID proofs, Astrological beliefs and maybe divorce, etc. For whatsoever reason people may have changed their name, it is recommended to update the new name on all the important documents such as Pan, Aadhar, Voter id, Passport, Bank Accounts, Shares and securities, Insurance, etc. For any more queries in the change of name in your old investments and to recover the same, our team can help you get it recovered quickly and easily. Kindly fill out the form given below at the end of this page and we will get in touch with you.

In case of the demise of the shareholder, the right to his interest in the shares will pass to whoever inherits them under his will or intestacy. The deceased shareholder’s rights will be administered by his or her executors (if there is a will) or a succession certificate from the court is required in the name of the legal heir. We have a team of expert Lawyers working PAN India. We have a phenomenal track record of getting even the most tricky succession certificates made.

Dematerialization refers to the process whereby paper share certificates are replaced with electronic records of ownership by opening a Demat Account. Once investors have handed in their certificates, they are sent to the relevant transfer secretary for validation. As per the Securities Exchange Board of India (SEBI), every company is required to issue its shares in dematerialized form. And every person who is still holding share certificates of a listed company in physical form is required to convert the shares in dematerialized form. So, a Demat account is needed when you want to trade or hold shares on a delivery basis. Get in touch with us if you want to open a Demat Account or if you have a Demat Account but forgot the details of your account.

A dividend that has been declared by the company but has not been paid/claimed by the shareholder due to any reason within 30days is transferred to a special account opened by the company in a scheduled bank called the “Unpaid Dividend Account”. As per, Section 124(5) of the Companies Act 2013, any dividend amount, which remains unpaid or unclaimed for a period of 7 years from the date they became due for payment, shall be finally transferred by the company to IEPF (Investor Education and Protection Fund). Unclaimed dividends largely exist due to incorrect or outdated details of a shareholder in the company’s records or when a legal successor fails to ‘transmit’ shares in his name after the death of the investor. If you can relate to any of these; feel free to get in touch with us as we provide a customized solution to claim dividends, bonuses, split shares, and other stuck investments.

An investor who doesn’t claim his/her mutual fund units or their dividends even after it is matured comes in the category of unclaimed Mutual Funds/dividends. The MFs can be unclaimed due to several reasons, such as: a. Due to change of address b. Name mismatch in the bank account and company records. c. Mutual Fund Company did not clear the cheque in time after the due date. d. Death of Unit Holder and legal heir not aware of the investment. As per SEBI rule, if the Mutual Funds units or its dividend are unclaimed for 3 consecutive years then the Mutual fund Company can invest that money in the market schemes deployed for the purpose of using unclaimed money and if it remains unclaimed for another 10 years then it is transferred in Senior Citizen Welfare Fund. If the same is not claimed for 25 years from Senior Citizen Welfare Fund then it belongs to Govt. To claim your unclaimed investments, one can request the company with an application. Or reach out to us for quick and easy recovery of your unclaimed Mutual Funds/dividends.

Fixed deposits are a great way to invest and save money today while also saving for the future. After the FD matures the depositor receives the principal amount as well as the interest received. The Banking Regulation Act, 1994 authorized RBI to create Depositor Education and Awareness or DEA Fund. The amount left in the inoperative deposit accounts that have not been claimed or operated upon for more than ten years is used to create this fund. When the fixed deposit (FD) remains unclaimed for ten or more years, the cumulative balance and the interest accumulated are transferred to the DEA fund. However, transferring the unclaimed fund or the account balance to the DEA fund does not imply that you, as a customer, cannot claim it. Where normally it cannot be claimed after 25 years. Struggling to save a deposit? We can help in claiming your unclaimed deposits. For legal heirs, a Death Certificate and legal process of transmission are required.

The amount of money lying unclaimed with the Life Insurance Corporation of India dwarfs the budgets of many ministries with more than Rs. 20,000 crore which lay unclaimed with India’s largest insurance company. After a policyholder’s demise, insurance companies don’t always take it upon themselves to search for surviving beneficiaries. Although insurers have access to death records, they often don’t take notice of policyholder deaths and delay payouts as long as possible – until the beneficiary makes a claim. Unfortunately, not all beneficiaries are aware of their entitlement to a claim. In other scenarios, insurance companies can’t track down beneficiaries. This leads to unclaimed insurance money going to the state or getting stuck in limbo. If the beneficiary has no knowledge of the policy and the insurance company has no knowledge of the beneficiary, the funds will go to the state’s unclaimed property office. The funds will sit in this office until further action ensues. Some of these funds will never find their beneficiaries. In other cases, rightful owners may become aware of the unpaid benefits and act. We at Share Connection are a dedicated team of experts who is solving such problems professionally for more than 35+ years.

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