If you have physical shares you require to transfer it due to certain reasons. In our experience we see this problem with techies who have migrated outside the country.
About Unclaimed Share
Unclaimed Share Works To Withdraw Unclaimed Shares & Dividends. Unclaimed Share is passionate to bring your shares & dividends back from the Unclaimed Share Authority of GOI. We put the most experienced experts of legal advising services in financial market issues so that you can receive your shares with minimum hurdles and the soonest possible.
Our Services
Our services are the most specific kinds of and cover almost every problem, and specially designed for you to avail. You can choose any of the services as per your issue, you just need to contact us. Your solutions are at your fingertips.
This is a different animal. Most complicated, most painful and most of the money is lost here. These are typical cases when the owner of the shares dies and the legal heirs have to get it transmitted in their favour.
Shares in physical format are in the last millinium. Youngest paper share is at least 20 years old. The earliest share that we have seen was issued in 1956.
Sometimes shares are obtained in joint names. If one of the shareholder dies the shares will have to be transmitted to the surviving shareholder.
Sometimes name of the shareholder is changed completely ot due to change in marital status. In these situations name in the share certificate will have to be changed to the present name.
We file an application with the Company or its RTA and follow the procedures deemed necessary and get the address updated for a hassle-free future.
There is no bar in holding share in physical form. However if the shares have to be traded in the stock market, they have to be demated first.
If a will has been made by a original shareholder, by law, the will has to be probated if the will is made n any one of the 4 metros.
A person is said to have died intestate when he/she does not leave behind a legal will. Such is the scenario when the requirement of obtaining a Succession Certificate jumps in.
WHO WE ARE
IEPF Share ensures the most trusted recovery of unclaimed shares.
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We understand the whole process very well
Do you find recovering your unclaimed shares problematic? Or you may be getting frustrated with all these? If it is so, then IEPF Share is the right choice for you. We not only understand your need for the shares or dividends but also know the whole process to recover it from the IEPF Authority as well.
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We know the right and the targeted documentation process
We work for our clients with years of experience in the documentation process to bring back their shares. We exactly know the right and the most targeted paperwork required for recovering your shares.
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Avail our services and leave everything on us
You don't worry about anything for recovering your unclaimed shares, once you come to us and start availing our services. We will take care of everything that comes between you and your shares.
How To Transfer The Unpaid Amount To The IEPF
The unpaid amount can be transferred to the IEPF under Section 205C following this procedure:
- Login to the MCA portal.
- Select the option "Pay miscellaneous fee".
- Select the option "Pay fee for Investor Education and Protection Fund".
- Fill in the CIN number, company name, details of payment and amount and make the payment.
- After making the payment, file the form 1 statement of amounts credited to IEPF through MCA portal.
What Type Of Funds Are Moved To IEPF?
In case you're wondering what kind of funds are moved to IEPF, here's a list:
- Entities that fulfil the criteria/guidelines for the purpose of financial assistance from IEPF may apply to the IEPF for such assistance in Form 4.
- The feasibility of the project, quantum of financial assistance, the genuineness of the organisation, etc. is then evaluated by the subcommittee of IEPF in its meetings held at regular intervals.
- After the subcommittee approves the proposal, IEPF issues the financial sanction with the approval of the Internal Finance Wing of the Ministry of Corporate Affairs.
- The amount is then released to the organisation, but only after it submits a pre-defined bond and a pre-receipt to IEPF.
- After the project is completed, the organisation is required to submit the funds' utilisation certificate and copies of the bills etc. to IEPF for scrutiny.
How To Redeem The Unclaimed Amount?
The IEPF website usually has all the details of unclaimed amounts. To make a claim, you can use IEPF-5 form. Don't worry! You don't have to go looking for everywhere. Here's all you need to do:
- Simply download the form from the IEPF website.
- Fill in all the relevant details like your name, your company's name, Aadhaar details, amount to be claimed, your bank account number and demat account details.
- Once you upload the form, it gets processed by MCA21 and they also generate an SRN. After you click the 'pay' option, an acknowledgement is generated. The best part? You don't have to pay for making a claim.
- Now that you have a copy of the claim with your signature, it has to be submitted along with the acknowledgement and the indemnity bond at the Nodal Officer's office (IEPF) of the company.
- Don't forget to mark the documents as 'claim for refund from the IEPF authority'.
What's The Procedure For Financial Assistance?
In order to get financial assistance, the following procedure needs to be followed:
- Entities that fulfil the criteria/guidelines for the purpose of financial assistance from IEPF may apply to the IEPF for such assistance in Form 4.
- The feasibility of the project, quantum of financial assistance, the genuineness of the organisation, etc. is then evaluated by the subcommittee of IEPF in its meetings held at regular intervals.
- After the subcommittee approves the proposal, IEPF issues the financial sanction with the approval of the Internal Finance Wing of the Ministry of Corporate Affairs.
- The amount is then released to the organisation, but only after it submits a pre-defined bond and a pre-receipt to IEPF.
- After the project is completed, the organisation is required to submit the funds' utilisation certificate and copies of the bills etc. to IEPF for scrutiny.
Testimonials
Dr. Arvind Rajan
Managing Director at PGIM Fixed Income
I have made personal use of the services of SMB Enablers and Golden Egg to transfer a substantial and diverse portfolio of old Indian stocks that my mother and I inherited from my father about 15 years ago.
Ram Ramasundar
Partner at Alexander Hughes
I accidentally came across SMB enablers of Chennai, through some friends and happened to meet Srikanth Gopalan. I wasn't sure about their credentials initially, since they had just started this service of retrieval of unclaimed dividends and shares.
Sri Krishna
Chartered Accountant
I know Mr.Srikanth and Mr.Sridhar for more than 10 years. Both of them are competent and more than that-ethical professionals. I referred two clients for transmission of shares.
