Claim Shares from the Investor Education and Protection Fund Authority Unclaimed Shares for recovery of shares in India
To recover the shares and dividend amounts transferred to the Investor Education and Protection Fund (IEPF) Jurisdiction, the Shareholder must complete the steps outlined below:
Shareholders must open a Demat Account with NSDL/ CDSL since shares will be issued by the IEPF Authority only in the claimant’s Demat Account. (Ignore if it is already open.)
Download Form IEPF-5 from the IEPF website. (IEPF-5 Form Direct Link) Before filling out the form, carefully read the directions on the website/instruction package that came with it.
Fill in the essential fields on the Form and submit the completed form by following the directions on the website’s upload link.
When the Form is successfully uploaded to the MCA Portal, an acknowledgment with the SRN is created. Please save the SRN for future form tracking.
Applicants must send the attachments listed below to the Company’s Nodal Officer (IEPF) at its registered office in an envelope labelled “claim for reimbursement from IEPF Authority” to begin the claim verification process.
*Find lost shares in India with MUDS management
Documents that must be sent to the Company’s Nodal Officer/RTA for recovery of shares in India
Print a completed Claim Form with the Claimant’s signature.
A copy of the acknowledgment.
Indemnity Bond (original) with claimant authorization (as per Annexure II format) should be executed:
on a non-judicial Stamp Paper of the value stipulated by the Stamp Act (state by state) if the claim is worth Rs.10,000 or more. Please insert the claimant’s and witness’s date, place, and signature. or
on plain paper if the amount claimed is less than Rs.10,000.
in the case of a share return, on a non-judicial Stamp Paper of the amount established by the Stamp Act.
Advance Stamped Receipt (authentic) with signatures of the claimant and two witnesses
A copy of the PAN Card that has been self-attested.
Aadhaar Card self-attestation (For Indian Nationals)
Evidence of eligibility (Share Certificate/Interest Warrant Application No., etc.)
Cheque leaf cancelled i. In the case of foreigners and NRIs, a copy of their passport, OCI, and PIO card
The most recent Client Master List.
Transaction statement indicating the debit/transfer of shares to the iepf unclaimed shares if the shares were held in demat form.
Genuine Share Certificate
A letter from the RTA indicating that the claimant is entitled to the specified number of shares and dividend.
*Find lost shares in India with MUDS management. Get your years old shares recovered in 15 Days
In the event of the Shareholder’s death, the legal heir/claimant is also necessary to follow the procedure of share transmission by delivering the following documents together with the preceding documents for recovery of shares in India:
i. Request letter for share transfer signed by all deponents and including complete address, contact number, email address, and full bank data such as bank name, branch location, A/C No., and MICR No (9-digit code no.).
ii. Affidavit of Support and Indemnity Bond
iii. A legally certified copy of the death certificate
iv. A certificate of legal heirship issued by appropriate authorities.
v. The Original Share Certificate
vi. Certificate of Signature Verification
vii. A No Objection Certificate (NOC) signed by all legal heirs who do not object to the transmission.
viii. Copy of Probated Will / Succession Certificate / Letter of Administration (English/Hindi Version) for securities valued at more than Rs. 2,00,000 (Rupees Two Lakhs only).
On receipt of documents that are complete in all aspects, the Nodal officer of the Company will verify them and, based on the company’s verification report, the iepf unclaimed shares Authority will release a refund in favour of the claimant’s Aadhaar linked bank account via electronic transfer and shares in the claimant’s Demat Account. Proof of Eligibility:
Dividend Warrant or a self-attested copy of the Share Certificate if seeking an unpaid/unclaimed dividend.
Original Share Certificate and Letter from the Company’s Registrar and Share Transfer Agent, fully confirmed by the Nodal Officer for Shares and any Unpaid/Unclaimed Dividend transferred to IEPF (in case shares are held in Physical Form).
Letter from the Company’s Registrar and Share Transfer Agent, properly confirmed by the Nodal Officer, for Shares and any Unpaid/Unclaimed Dividend transferred to IEPF (in case shares are held in Demat Mode).
A letter from the Registrar and Share Transfer Agent, fully confirmed by the Nodal Officer, is required in all cases of shares and dividends.
If the applicant is a transmission/legal heir/successor/nominee, the applicant must confirm that the transmission procedure is complete before making any claim, as required by Rule 7(8) of the IEPF Rules, 2016. Furthermore, if a request for transfer/transmission is received after the transfer of Shares to the iepf unclaimed shares Authority, the firm must send a letter of entitlement in accordance with Rule 7(9) of the IEPF Rules, 2016.
FAQs about the iepf unclaimed shares claim procedure
Q.1 Is the e-Form to be completed online?
A.1. Of course. Physically completed forms are summarily dismissed.
Q.2. Is professional assistance necessary to complete e-Form IEPF – 5?
A.2. Filling out the e-Form is a straightforward process. On a simple reading, any literate individual may fill out the e-Form on his or her own. The required Form is not only exact, but also simple to fill out. A general instruction package is also included in the form for any assistance needed in completing such Form. The IEPF helpdesk can also be called for more assistance.
Q.3. What papers must be presented with the IEPF – 5?
A.3. Documents that must be supplied are included in the form and assistance package, such as –
A copy of the acknowledgement created as a result of the online submission of eForm IEPF – 5 with a unique serial number (SRN),
Original Indemnity Bond, signed by the claimant
Original advance stamped receipt with revenue stamp and signatures of claimant and witnesses,
A copy of the transaction statement or the original matured deposit / debenture / share certificate (where securities are retained in physical form) (if securities are stored in Demat Form),
Aadhaar Card, self-attested copy
Proof of entitlement (share certificate/interest warrant application number, for example),
Cheque leaf, Cancelled
In the case of foreigners and NRIs, a copy of their passport, OCI, and PIO card is required.
Q.4. What are the advance receipt and indemnity bond formats?
A.4. Advance receipt and indemnity bond forms are available in the IEPF -5 form aid kit.
Q.5. What is the value to be entered in the advance receipt and indemnification bond for the number of shares and amount?
A.5. The number of shares and the value should be the same as on form IEPF-5. These figures can be calculated using the claimant’s accessible papers or confirmed with the corporation. However, two discrepancies in the number of shares or the amount are not grounds for rejecting the claim. The authority shall process the claim based on the verification report obtained from the firm, which shall be validated using the authority’s data.
Q.6. What is the required stamp paper value for the indemnity bond?
A6. A non-judicial stamp paper of the appropriate value as stated by the Stamp Act according to the state is required in the case of a return of Rs. 10,000 or more in dividends and/or the market value of shares. For claims of Rs. 10,000 or less, an indemnity bond can be issued on paper.
Q.7. What credentials are required for KYC for recovery of shares in India?
A.7. In the case of an Indian citizen, a self-certified copy of the Pan Card and Aadhar Card are necessary to confirm the claimant’s identification. In the case of an NRI, he must provide a self-attested copy of his passport or a self-attested copy of his Overseas Indian Card (OIC) issued by the MHA, together with any other papers he has. In the case of foreigners, a copy of their passport or PIO card fully apostatized in accordance with the Hague Convention may be used in place of the Aadhar Card.
Q.8. What additional papers may be given as proof of identification if an Aadhar Card is not available?
A.8. In the event that an Aadhar Card is not available for super senior people or certain states, alternative government-issued ID Proofs explicitly specifying the claimant’s residence must be supplied.
Author Bio
