THE
INVESTOR EDUCATION AND PROTECTION FUND (IEPF)
The Investor
Education Protection Fund (IEPF) is a fund established by Central Government under
the Companies Act, 2013, in India. It is managed by the IEPF Authority and is
designed to safeguard the interests of investors, especially small investors,
by ensuring that unclaimed dividends, matured debentures, and other such assets
do not remain idle and are utilized for the benefit of the investors.
THE
OBJECTIVE OF IEPF
The
IEPF’s Objective is to protect the rights of investors, promote investor
education, ensure that unclaimed money is used, and encourage accountability
and openness in the financial sector.
UNVEILING
REASONS BEHIND UNCLAIMED OR LOST SHARES
1. Death of
Original Shareholder
2. Lost
Share Certificates
3. Dismantled
Shares
4. Torn
Shares
5. Forgotten
Shares
6. Incorrect/not
updated contact details
7. Incorrect/not
updated bank details
8. Dormant
or inactive Demat accounts of shareholders
9. Transfer of Ownership without proper documentation
RECOVERING
YOUR SHARES BACK FROM THE IEPF: A COMPREHENSIVE RECOVERY PROCESS
1. Proof of ownership/entitlement: Claimant
must possess proof of ownership/ entitlement, failure to which, procedure for
duplicate certificate has to be follow.
2. Documentation: All the Documents should be
prepared as per the checklist.
3. Claim Submission: Once the documentation is
completed, the applicant has to file Form IEPF-5 on the IEPF website, along
with attaching the necessary files.
4. Company’s verification: The Company will confirm
and give its approval if the claim is found to be legitimate.
5. Claim Verification from IEPF: The IEPF
authority will verify claim's validity and distribute shares to the claimant's
Demat account, if the IEPF authority considers it valid.
6. The Claim is settled and the
applicant gets custody of the shares.
ESSENTIAL DOCUMENTATION
1.
Form IEPF 5
2.
Identity card of
claimant that is currently valid, such as a passport, voter ID, Aadhaar card,
or PAN card.
3.
An Aadhaar card,
passport, utility bill, bank statement, or other form of address verification of
claimant.
4.
Proof of Entitlement,
Securities Certificates, transaction receipts or proof of ownership.
5.
A statement from the company
outlining Unclaimed Shares or Dividend.
6.
Indemnity bonds, Affidavits
and Surety Bond on stamp paper proving ownership.
7.
Bank Statements and
original cancelled cheque.
8.
Proof of Identification
and Proof of Address of Witnesses.
9.
Form ISR1, Form ISR2,
Form ISR3, Form ISR4.
10.
Self-Attested copy of
CML
OUR
SERVICES
We,
Chronicle Advisors LLP will assist and support you to recover unpaid &
unclaimed investments from the Investor Education Protection Fund Authority
(IEPF). Our team of specialists offers hassle-free and time-saving solutions to
retrieve lost share certificates, and unclaimed dividends, help with share
transfer and transmission, acquire duplicate share certificates, claim and
recover shares and unclaimed dividends from IEPF. Examine our offerings as
listed below:
1. Transmission
of Shares Recovery
2. Recovery
of lost shares
3. Issue of
duplicate shares
4. Claim
shares transferred to IEPF
5. Claim Unclaimed
dividend transferred to IEPF
6. Lost
physical share certificate
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