HOW TO CLAIM SHARES AND DIVIDEND TRANSFERRED TO IEPF AUTHORITY?

PROCESS TO GET BACK SHARES FROM IEPF

Dear Reader,

During the period of last 8-9 Months, we came across several cases, where a General mass of people stand un-aware of their shareholding in the Company due to several reasons. After getting information that their holding/investment may be transferred to IEPF in dividend(s) were not claimed. They stand helpless regarding the procedure to claim the same as filing of Form on IEPF website it is little tricky from their point of view.

However soon Ministry may came with web-based claim Form which would be easier as compare to current situation.

After transfer of shares, now shareholder seeks the reason of transfer and wish to claim the same form the IEPF authority for which form is available on IEPF Website. Here is responsibility of the Company Secretary cum Nodal Officer of the Company to provide solution to the shareholders.

Hence we came with the detailed procedure to claim the shares and dividend from the IEPF authority and practical aspects of the same from the point of view of shareholder and the Company.

STATUTORY PROVISIONS:

As you are aware, dividend declared by the Company is remitted either electronically to the designated bank account or by sending dividend warrant to the registered address of the shareholders.

As per Section 124(5) of the Companies Act, 2013, any dividend remaining unpaid/unclaimed for a period of 7 (seven) years is required to be transferred by the Company to the Investor Education and Protection Fund (IEPF) established by the Central Government. The Company has regularly uploaded on its website and also on the website of the Ministry of Corporate Affairs, Government of India, full details of such unpaid or unclaimed dividends before transferring to IEPF.

TRIGGER POINT OF TRANSFER OF SHARES:

Further as per Section 124(6) read with Rule 6 of the Investor Protection and Education Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016, as amended from time to time, where the seven year period provided under section 124(5) of the Companies Act, 2013 has been completed or being completed during the period from 7th September, 2016 to 31st October, 2017, the due date for transfer of such shares to IEPF Account shall be deemed to be 31st October, 2017.

Therefore the provision of Transfer of shares to IEPF on the part of Company executed on or after 31.10.2017

PROCEDURE ON THE PART OF SHAREHOLDER / CLAIMANT: 

Hence concerned shareholder/ claimant is required to claim the aforementioned shares and dividend amounts from the Investor Education and Protection Fund Authority by following the below mentioned procedure:

1) Shareholder is required to Open a Demat Account with NSDL/ CDSL as shares will be released by the IEPF Authority in favor of claimants only in the Demat Account of the claimant. (ignore if already opened). 

2)  Download Form IEPF-5 from the website of IEPF (Direct Link of Form IEPF-5)

Read the instructions provided on the website/instruction kit along with the e-form carefully before filling the form. (For your reference and easy perusal, click on the link for the HELP KIT)

3)  Fill the required fields of the Form and submit the duly filled form by following the instructions given in the upload link on the website.

4)  On successful uploading of Form on MCA Portal, an acknowledgement will be generated indicating the SRN. Please note the SRN for future tracking of the form.

5)  Applicant has to send the attachments prescribed below to Nodal Officer (IEPF) of the Company at its registered office in an envelope marked “claim for refund from IEPF Authority” for initiating the verification for claim

DOCUMENTS REQUIRED TO SUBMIT TO NODAL OFFICER OF THE RESPECTIVE COMPANY / RTA

a. Print out of duly filled claim form with claimant signature.

b. Copy of acknowledgement

c. Indemnity Bond(original) with claimant signature (As per format given in Annexure II-Refer page 9 of instruction kit) to be executed :

  •  On a non-judicial Stamp Paper of the value as prescribed under the Stamp Act (according to state) if the amount of the claim is Rs.10, 000 or more. Please ensure to enter date, place and Signature of claimant and witness. or
  •  On a plain paper if the amount claimed does not exceed Rs.10,000.
  •  In case of refund of shares, on a non-judicial Stamp Paper of the value as prescribed under the Stamp Act.

d. Advance Stamped receipt (original) with signature of claimant and two witnesses. (As per format given in Annexure I, Refer page 8 of instruction kit)

e) Self attested copy of PAN Card

f) Self attested copy of Aadhaar Card (For Indian Nationals)

g) Proof of entitlement (certificate of share/Interest warrant Application No. etc.)

h) Cancelled Cheque leaf

i) Copy of Passport, OCI and PIO card in case of foreigners and NRI

j)  Latest Client Master List

k) Transaction statement showing debit/transfer of shares to IEPF if shares were held in Demat Form`

l) Original Share Certificate

l) Letter from the RTA stating that claimant is entitle to  such number of shares and dividend. 

6)  In case of death of a shareholder, legal heir/claimant is also required to follow the procedure of transmission of shares by sending the following documents along with above documents: (Ref: Rule 7(4) of IEPF Rules, 2016)

(i) Require request letter for transmission of shares duly signed by all deponents and mention full address, Contact no, Email ID &  Also full Bank details such as Bank name, Branch address, SB A/C No. MICR No (9-digit code no.)

(ii)  Affidavit & Indemnity bond

(iii) Copy of death certificate duly attested

(iv) Legal heir certificate issued by competent authorities

(v) Original share certificate

(vi) Signature Verification Certificate

(vii)  No objection certificate (NOC) from all legal heirs who do not object to such transmission

(viii)  For value of securities more than Rs. 2,00,000 (Rupees Two lakh only) copy of probated will / succession certificate/letter of administration (Hindi/English version) duly

7) On receipt of documents, completed in all aspects will be verified by the the Nodal officer of the Company and on the basis of company’s verification report (Format given below), refund will be released by the IEPF Authority in favor of claimants’ Aadhaar linked bank account through electronic transfer and shares in the Demat Account of the claimant.

Practical aspects of procedure to claim shares and dividend from IEPF Authority:-

Step 1 :Shareholder/ Claimant will seek exact details of Dividend and shares from the Registrar/ Company

Step 2 : Registrar/ Company will provide details and procedure as mentioned above in reply to the letter and may issue Entitlement Letter

Step 3 : Shareholder needs to file the requisite from and follow the procedure (For any professional help ping us at the undermentioned contact details)

Step 4 :   After receipt of copy of filed form and required documents from the shareholder, RTA/ Company will prepare a verification report as per the latest format.

Step 5 :  Submit the verification report duly signed by the Nodal Officer of the Company to the IEPF authority through post within 15 days of receipt of the claim along with Excel sheets as enclosure with Eform IEPF-1 & 4 highlighting the details of the claimant for the claim duly attested by the nodal officer. ( i.e. attachment of IEPF-1/INV-1 & IEPF-4).

Step 6 :  IEPF will verify the details  and refund will be released by the IEPF Authority in favor of claimants’ Aadhaar linked bank account through electronic transfer and shares in the Demat Account of the claimant.

 As per Rule 7(4) of IEPF Rules, 2016

(a) After verification of the entitlement of the claimant- (a) to the amount claimed, the Authority and then Drawing and Disbursement Officer of the Authority shall present a bill to the Pay and Accounts Office for e- payment as per the guidelines.

(b) to the shares claimed, the Authority shall issue a refund sanction order with the approval of the Competent Authority and shall either credit the shares which are lying with depository participant in IEPF suspense account (name of the company) to the demat account of the claimant to the extent of the claimant’s entitlement or in case of the physical certificates, if any, cancel the duplicate certificate and transfer the shares in favour of the claimant.

MOST IMPORTANT POINTS TO BE NOTED:

The verification report is as per the latest format prescribed by the Authority. The revised proforma can be found at http://www.iepf.gov.in/IEPF/pdf/RevisedProforma_03052018.pdf

  • All the KYC documents of the applicant like PAN Card, Aadhar Card are self-attested. Documents of all the holders are required in case of joint holding.
  • Advance Receipt and Indemnity Bond are duly stamped and details of the witness are mentioned. Revenue stamp on the Advance receipt is duly affixed.
  • Proof of Entitlement (Original Certificate in case of matured deposits/debentures/bonds and Share certificate in case of shares) is attached.
  • Client-Master List of the applicant in case of shares is attached.
  • In case of claim related to shares, RTA letter confirming the amount and no of shares transferred to IEPF Authority is attached in case
  • Non-liability clause is mentioned properly in the Verification Report.
  • Excel Sheets/Challans wherever applicable are duly attested and attached with the dossier.

For Proof of Entitlement:

  • Dividend warrant or self-attested copy of share certificate in case of claiming Unpaid/Unclaimed Dividend.
  • Original share certificate & Letter from Registrar & Transfer Agent of company duly verified by Nodal Officer for share & any Unpaid/ Unclaimed Dividend transferred to IEPF. (in case share held in  Physical form).
  • Letter from Registrar & Transfer Agent, if share held in Demat form for share and Unpaid/ Unclaimed Dividend  transferred of IEPF, duly verified by Nodal Officer
  • Letter from Registrar & Transfer Agent is mandatory in every case of share & dividend, duly verified by Nodal Officer.
  • In case of transmission/legal heir/successor/nominee, the applicant shall ensure that the transmission process is completed before filing any claim as required under Rule 7(8) of IEPF Rules, 2016. Further, the company shall issue a letter of entitlement as per Rule 7(9) of IEPF Rules, 2016 in case the request for transfer/transmission is received after transfer of shares to IEPF Authority. 

DRAFT OF DOCUMENTS 

(Application to the Authority for claiming unpaid amounts and shares out of Investor Education and Protection Fund)

Annexure I                              

Advance Receipt

Received from the Investor Education and Protection Fund Authority the sum of Rs…………… and No. of Shares ……………… being the amount and shares payable to me from the Investor Education and Protection Fund as …………. (Dividend on Equity / Preference shares / matured deposits / matured debentures / application money due for refund / interest accrued on……………………./Dividend credited to IEPF under Companies Act, 1956 or Companies Act, 2013/ Dividend credited to General Revenue Account under Companies Act, 1956 / others, specify… )which was originally due from M/s……………………………………………………………………..(Name of the Company)

Signature of claimant with date

Affix Revenue Stamp

Signature of witness:

  1. Signature with date
    Name
    Address
  1. Signature with date
    Name
    Address

* Please ensure to affix Revenue Stamp with crossed Signature to avoid delay in processing of the claim

Strike off whichever is not applicable

(Application to the Authority for claiming unpaid amounts and shares out of Investor Education and Protection Fund)

 Annexure II                               

 Indemnity Bond 

To

The Investor Education and Protection Fund Authority

………………………

In consideration of the payment of Rs .……………. and No. of shares…………………. being the amount and shares due to me as …………………… (Dividend on Equity /Preference shares / matured deposits / matured debentures / application money due forrefund / interest accrued on……………………./Dividend credited to IEPF under Companies Act, 1956 or Companies Act, 2013/ Dividend credited to General Revenue Account under Companies Act, 1956 / others, specify………….)for the Financial Year……………………………….. from M/s ……………………………………….(Name of the Company) out of the Investor Education and  Protection Fund  by  the Authority,  I  …………………………….son  /daughter /wifeof………..…………………. do hereby agree and undertake to indemnify the Investor Education and Protection Fund Authority to the extent of any claim not exceeding the amount hereinbefore mentioned which may be preferred against the Investor Education and Protection Fund Authority, and which it has to lawfully discharge.

Signature

Date:
Place:

Witnesses:

Signature of witness:

1. Signature with date
Name
Address

2. Signature with date

Name

Address

* For ensuring timely processing of the claim, please ensure to make all the entries

Strike off whichever is not applicable

For COMPANY

Revised Proforma For Verification Report (03.05.2018) & (19.07.2018)

Please go through the revised guidelines dated 19.07.2018 Click Here for Notification

Please tick on appropriate box:

Original Claim                       Resubmitted Claim


– Name of Company:                                         ………. Limited

– Verification Report of claim made vide SRN No ……………… to IEPF Authority

  1. Name of the Applicant                          :
  2. Folio No/ DP ID/ Client ID                   :
  3. Amount claimed                                      :
  4. Type of security                                       :      Equity
  5. Period for which the claim relates    :
  6. Details of challans through amount was deposited, with verified copy of challans and year wise detail:-
Name of Claimant SRN of form IEPF-1/ INV-1 Challan Number Date Amount of Refund
Total Rs.
  1. Detail of share transferred with verified  copy of year wise details :-
Name of Claimant SRN of form IEPF-4 Date of transfer Number of shares to be refunded Type Of Shares

(Physical/Demat)

8. Whether claimant’s bank details tally

With the cancelled cheque leaf                :

9. Whether the claimants Demat account

Details tally with Company record             ………………………………………………….

10. Recommendation

If approved then:

(a) Proposed refund amount :

(b) Amount in Figures :

(c) Proposed number of share for refund :

If rejected, reason thereof :-

(a) Data Bank of company does not find the name of applicant as security holder

(b) Mismatch in Folio no./DP ID/ Client ID

(c) Signature mismatch

(d) Mismatch in nature of Security

(e) Any Litigation is pending (Give details)

(f) Incomplete documents (give Details)

(g) Duplicate claim made by applicant ( Give details of earlier claim allowed)

(h) Any other reason:

Note: Mismatch of amount claimed is not a reason of rejection.

Attachment with resubmitted cliam:

a) ……….
b) ……….
c) ……….

Non-Liability Clause

–  The Company shall be solely liable under all circumstances whatsoever to indemnify the IEPF Authority in case of any dispute or lawsuit that may be initiated due to any incongruity or inconsistency of disparity in the verification report or otherwise.

–  The IEPF Authority shall not be liable to indemnify the security holder of Company for any liability arising out of any discrepancy in verification report submitted etc., leading to any litigation or complaint arising thereof.

Name of Nodal Officer:

Signature :

Date :

Stamp: 

Encl: Attachments as per notification dated 19.07.2018 

RECTIFICATION OF INCORRECT DETAILS FILLED IN FORM IEPF-5 

We encounter several cases where few details filled in Form IEPF-5 entered as wrong or in case we need to alter the details entered therein.

In such cases, MCA allows to rectify the defects by filing an additional Form on MCA portal.

The defects or incompleteness in any respect in this eForm as noticed shall be placed on the Ministry’s website (www.mca.gov.in).

In case the eForm is marked as RSUB or PUCL, please resubmit the eForm or file Form GNL-4(Addendum), respectively. Please track the status of your transaction at all times till it is finally disposed off. (Please refer Rule 10 of the Companies (Registration offices and Fees) Rules, 2014) It is compulsory to file Form GNL-4 (Addendum) electronically within the due date whenever the document is put under PUCL, failing which the system will treat the document as invalid and will not be taken on record in accordance with Rule 10(4) of the Companies (Registration offices and Fees) Rules, 2014

You may ping us on the below number for any help in filing of Form IEPF-5 for claim of shares/ dividend FREELY

For any query related to IEPF, you may comment here or reach us viaEmail: [email protected] or at 7838204665 (Call or What’s App).

Author Bio

Qualification: CS
Company: SPML India Limited
Location: Delhi, New Delhi, IN
Member Since: 29 Aug 2017 | Total Posts: 5
CS Ravi Garg is an Associate Member of Institute of Companies Secretaries of India having good experience in legal and secretarial matters. He is having 4+ years’ experience in handling Compliance management, handling projects and Investor Grievances related to Public Issues, IPO’s, ISIN Creatio View Full Profile

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150 Comments

  1. PT says:

    thanks for your article, it is great help to many i am sure who are struggling like me to get our hard earned investments back. My mother has a DMAT and some holdings in it. Due to health reasons the said DMAT did not get operated for sometime due to which it seems much of her holdings went into IEPF. The claim process though might seem easy is not as easy. To begin with the form 5 seems complicated. Section 2 (Company / Bank from which the amount is due) does this have to be the name of the company whose share we held and went into IEPF or the DMAT company with which DMAT account was held. Where from do i get the CIN/BCIN numbers? I read somewhere that you can only make one claim in a year, is that really the case… does this mean if i had holding of company a, b, c, d of which my shares for A and B went into IEPF, I can only claim A shares in first year and B in second year? or can i just make one claim with A and B both and no other claim the same hear? What are the details expected in Section 4 of the form 5 (how am i supposed to know all these details) I also see that in the required document you have mentioned “In case of refund of matured deposit or debenture and, original certificate thereto” and “Proof of entitlement (certificate of share/Interest warrant Application No. etc.)” How can i get these as the shared were DMAT so there is no physical certificate for it. Can you please help.

  2. Yash Kapoor says:

    It is great to see lot of queries resolved here. I wanted to know if there are any professional service firm which takes up succession case and including some shares which have been transferred to IEPF. I am helping my Aunty in retrieving the shares since she being a senior citizen cannot be burdened at this age. She had a bad experience with a broker who not only took advantage of the situation but charged exorbitantly for the shoddy work.
    Frankly, it so difficult to get help on such matter. Since the value is substantial, we are looking only seeking assistance who can handle such case. Kindly email me at [email protected]

  3. Preeti says:

    Hi there, how can I know how much dividend would we get?My father in law had puchsed few shares decade ago, which have been transferred to IEPF and I have no idea how to know about this dividend stuff. help please.

    1. SACHI SUBRAHMANYAM DHULIPALA says:

      you can get the email ID of the company from Google search.write to them giving full particulars. I did that and received reply.

    2. Ravi Garg says:

      Hi Ms Preeti,

      For information regarding dividend, kindly approach to concerned Registrar / Company. They will provide the year wise details.
      For any query related to IEPF, feel free to reach us via Email: [email protected] or at 7838204665 (Call or What’s App).

  4. Amar says:

    Hi
    I need help with indemnity bond and advance receipt. I am applying for refund of equity shares. What I have to strike off and what to mention in both?
    (Dividend on Equity /Preference shares / matured deposits / matured debentures / application money due forrefund / interest accrued on……………………./Dividend credited to IEPF under Companies Act, 1956 or Companies Act, 2013/ Dividend credited to General Revenue Account under Companies Act, 1956 / others, specify………….)#

    And also what do I have to write at payment of Rs………?

  5. Suba says:

    Sir I have entered my PAN card details correctly but on PAN verification it shows “First Name is not as per PAN Database”. Because of this i could not proceed any further. Please tell me how to solve this !!!

  6. Tripti Agnihotri says:

    Dear sir
    My 210 shares of JSWsteel ltd.transferd to IEPF authority on 27 July 2018.
    Sir fully completed IEPF-5 with all required documents and submitted to JSW centre
    Bandra Kurla Complex,near MMRDA Ground,Bandra East – Mumbai 400051
    But unfortunately the above authority didn’t refund shares in my Demat account.please help me sir.following are the details-
    IEPF-5 file date-29-7-2019
    SRN- H79475778
    Demat account-IN30045011483527

  7. Harshala A Golwalkar says:

    Dear Sir,
    I read the above article and it appears that legal heir certificate is required.
    what is the legal heir certificate and who is the competent authority.
    Regards
    Harshala Golwalkar

  8. Sanjay Chowhan says:

    My father left behind few shares of multiple companies in the year 2018 and my mother is the nominee as per record. My question is during Share transmission process Do RTA required Indemnity Bond and Succession certification. Already we have legal heir certificate in hand. Kindly suggest with your opinion.

  9. ABHIJIT says:

    I have filled everything online and after that i downloaded iepf form 5 & in that there is two points are with red astrix marks
    Name of Entity & Date of incorporation
    what does it means & what has to be filled

  10. shanthi says:

    Dear sir

    My husband have 500 shares in zuari company.when i tried to ask above company to transfer shares in my name they said that all the shares transfered to IEPF because devident has not claimed for 7 continue years they suggested me to go through IEPF form-5 to claim the shares.
    – Recently i opened demat account on my name so please suggest me what documents and proofs are required to claim from IEPF and please suggest me procedure of IEPF Form-5.

  11. Amit Sahai says:

    My father left Bhind shares in the year 2011.We are 4 siblings and 3 of them given Notarised NOC and Power of attorney in my favour.
    1) Do I require Succession Certificate?
    2) The shares are in physical form.
    3) We have no detail/ record of Bonus and Deviant
    4) The Karvy people asked to approach IEFP since the law have changed for the
    Old cases before 2016 and also to issue duplicate shares of Anil Ambani group
    Of companies, taken over by Reliance Industries.
    You are here by requested to guide/reply,so that I could proceed further.I trust you will guide/reply me too as you have done for many people.
    I shall be thankful to you for your help and cooperation in this matter.
    Regards,
    Amit Sahai

  12. Joseph James says:

    What amount of Revenue Stamp is required to be affixed on advance receipt page, once SRN is generated ?? Also what are further processes to do ??

  13. Aneesh says:

    Sir,
    My mom used to hold 176 shares of M&M. She passed away in the year 2001. Now that 176 share’s had ballooned to 1408 share’s including the bonus. Me & my elder sister are her legal heirs. Yes, we have both made the Succession Certificate ready. No, we are not joint holders or we don’t want to be as joint holders also. What we want is to reclaim the share’s & dividends from IEPF. Then divide the share’s, dividends in 50:50 between ourselves with independent ownership for their respective share’s 704:704.

    Yes, I did download the forms etc. This has to be divided equally between me & my elder sister.

    1) I think that it must be done in two forms with each of our aadhar number. I am not sure on how to proceed! So how do I go on? This is not mentioned anywhere in their help.

    2) Another thing is in IEPF Form 5 PDF document, I am unable to save multiple financial years as it’s showing an error asking me to enter it in FY- YYYY-YYYY. What I want to enter if 2002 – 2003, 2003-2004 & so on. Which I entered in correct format. Still it’s showing this error why?

    So can you let me know what I am doing that’s wrong?
    Thanks!

  14. Prafulla says:

    Sir,
    I am having shares which are jointly held with my brother. These shares are in physical format. Nearly 240 shares have gone to IEPF. My brother is not having any objection in transferring the shares to my name.
    I am having a Demat account in my name.

    In this case how to proceed to get the shares to my account.

  15. PRADEEP KUMAR GUPTA says:

    Dear Sir,
    If company OR RTA is delaying to submit the IEPF-5 to the authority , to whom we should report??

    Company is taking action and pointing out shortages & mistakes after 10 to 12 months after my repeated reminders,
    What action we should take and what are the time limits
    Regards

  16. PRADEEP KUMAR GUPTA says:

    Sir,
    Around 7 companies shares and their respective dividends are transferred to IEPF, accordingly we have properly filled IEPF-5 to Nodel officer to the company. even after 10 months passed, we have not received any confirmation from IEPF authority, We have given 2-3 reminders to them but no use.
    Can you guide us for further action anf follow-up procedure, We have tried to contact on their toll-free no but no response.
    Regards
    Pradeep Gupta.

  17. Pradeep Goyal says:

    Sir,
    I purchased some shares in 1992 and have all the details. But do not have the original share certificates. What do I need to do? Also, how do I get entitlement certificate from the company?

  18. RISHAV SHARMA says:

    Sir,
    Do I need to put up a digital signature on the IEPF form 5 before uploading it?
    And, the form must be submitted in electronic format not in pdf format, right?

  19. Nitin Shah says:

    Dear Sir,
    It’s more than 3 months since I have lodged IEPF Form 5. Not able to track my SRN. Where do I complain? What are the options to write to IEPF?

  20. Anuradha says:

    Hi,
    I applied to IEPF authorities claiming for Shares and Unclaimed Dividends in the Month of March, and they had asked for some documents in the month of July and i have even given them.But still the shares and Dividends are not credited to our DP account and bank account. How many days does it take

  21. Aldo says:

    I have 1 share and the company gives 500 bonus shares.
    how many shares I have mentioned in form filling 1 or 501?
    Nodal officer is a shareholder company officer or IEPF nodal officer?

  22. Jesu Anto Aldo says:

    1. I have 1 share and 500 bonus shares given by the company. During form filling how many shares I have to mention?
    2. Which nodal officer I have to send documents Nodal officer of the shareholding company or IEPF nodal officer?

  23. peter says:

    hai
    I just want to know about non judicial stamp paper rate and what rated I have to produce and also rate of Affix Revenue Stamp. please give a reply

  24. Aspi Bilpodiwala says:

    Too difficult and complicated method for claiming your shares.at the age of 70 years. Received a bunch of papers, and no clear instructions, how and what to submit to the nodal officer. I am confused. Please Explain in detail.
    Aspi Bilpodiwala.

  25. H M VOHRA says:

    Hello Sir,
    I have 5 different folios in one single Company and shares under all the 5 folios are transferred to IEPF. (Held in the name of my late gransdfather) and we have competed all the documentation for Transmission.

    Now while filling the IEPF Form-5, I could not enter more than 2 Folio nos. in column no. 3

    Please guide in this matter.

  26. Chandrahas Kolhatkar says:

    My uncle held shares of 3 different companies which have been transferred to iepf. He died intestate and I have obtained his succession certificate( i am the only legal heir as per succession certificate)
    1. In whose name should the IEPF 5 form be filled (Mine or my uncle’s)

  27. Vijay sharma says:

    Iepf form-5 submitted successful and srn generated but acknowledgement isnt generated and i am unable to get copy of it as there were no pop up shown for pay now or pay later….how would i get acknowledgement so that final paper submission can be done ?

  28. Raghav says:

    Hi,
    Actually I am applying for refund of my shares only, and till now company has not given any dividend.
    So, what shall i write in type of claim, amount of claim, financial year of claim amount , folio number. As its required field so I can’t left it empty.
    Please let me know What shall fill in those field.

  29. Sanjiv Patel says:

    Hello Sir,

    My father’s shares in the following companies have been transferred to IEPF.

    1) Aarti industries
    2) Hexaware
    3) Aptech

    Do I need to fill 3 separate claim form & submit to IEPF.

    Thanks,

  30. Agnelo says:

    Mr. Ravi your article was very informative. Thanks for all the guidance. I have a question regarding the Indemnity Bond and Advance Receipt. Do we have to mention Annexure I and Annexure II when executing them on plain paper and Non-Judicial stamp paper. What does one have to type where it says interst accrude on….. will this be the period like 2010, 2011 & 2016 or ? Your guidance will be much appreciated.

  31. Piyush K Mehta says:

    we made all processor of IEPF given by R & T agent of company but ON MCA21 portal an individual investor can not login so all our work held for claim of share our amount of clime is very low so how can an individual investor file claim online

  32. Latha says:

    i received a mail from IEPF authorities to change some details in the IEPF Form which was erroneously filled by me. But, I can’t do it and it is showing pending for approval. how can i change the correct details and upload IEPF form again.

  33. Latish says:

    Hi Ravi,
    Thanks for the info, have some queries listed below for refund of shares and unclaimed dividend:

    1. How do i confirm the unclaimed dividend amount transferred to IEPF as IEPF website shows no data under the respective folio.
    2. Need assistance for filling the details under the head “Year wise details of securities/deposits for which the amount is claimed”
    3. Value of stamp paper for Indemnity bond.

    Thanks.

  34. Girish Gupta says:

    My congratulations to the author for such informative article. It was kind of you to clear my doubts over the phone. Thank you

  35. Uma Shankar says:

    Sir,

    I have Submitted FORM IEPF 5 for Claim of shares. I had been asked by the company to make necessary corrections in the Form to forward the claim further. Its been more than 2 months now from which i received the mail from the company. But the Re-submission option was not enabled in the portal. How to make corrections in the form. Kindly guide me sir.

    Thank you…..

  36. Vimal Tevani says:

    Hi,
    My father expired and now I have to claim shares and dividends with name of my mother.
    I have some queries:
    1) I need to submit the form, it should be online or need to upload scan copy of filled form.
    2) I don’t know about dividend amount and year for all ten years, how to claim dividend
    3) I have received share certificate with my mother’s name and now going to open demat account.
    4) should I blank claim details and gov will do best solutions or there will be some loss i.e. dividend amount or some years skip
    5) If all required documents submited then what is normal time duration to close the request. (no. of days approx in normal case)

    Thanks.

  37. JADURAM TULSIDAS SADHU says:

    I had uploaded IEPF-5 but it’s rejected by company.how to correct & resubmit submitted e-form. check SRN status shows Pending for approval.I tried to resubmit but site is not accepting.I wrote several emila & a letter & tried to call many times but no any response from IEPF.what can I do?It’s now more than two months.This mistake happened because of IEPF portal.In the e-form, first it’s point no.4 asking to enter total amount of claim.after that there is colums of year wise details.when I tried to enter dividend amount in year wise details,its not accepting the value.It says value should be greater or .equal to value of total amount in point no.4. how it’s possible that yearly dividend amount is greater than total amount?because of this I entered total amount in yearwise columns also.that’s rejected by company.Please help me & let me know how can I correct & resubmit submitted IEPF-5 e-form.Please let me know procedure step by step.
    Thanks.

  38. RIKESH says:

    I HAVE SHARE IN NAME OF MY HUSBAND AND FATHER IN LAW WHO ARE DECEASED(PASSED AWAY)
    MY FATHER IN LAW HAS TWO SONS AND TWO DAUGHTERS AND I HAVE ONE SON AND ONE DAUGHTER .MY SON GOT EXPIRED AND HAVE HIS WIFE AND A SON .MY DAUGHTER GOT MARRIED AND I AM CONFUSED AS TO WHOSE NO OBJECTION LETTER IS TO BE TAKEN FOR TRANSMISSION OF SHARES IN MY NAME AND THE SHARES GOT TRANSFERRED TO IEPF ACCOUNT . SO WHICH PROCEDURE SHOULD BE DONE FIRST I.E TRANSMISSION OR IEPF OR BOTH SIMULTANEOUSLY PLEAS HELP

  39. ANKIT AGARWAL says:

    Respected Sir,
    i am unable to fill the “amount claimed” part of the IEPF form 5. The company has declared dividend in 2011 and then directly in 2014. And from 2014 they are continuously declaring dividend each financial year. i would like to know which year/s would be mentioned in IEPF Form 5.

  40. mandala ranga rao says:

    Rectify following discrepancies by resubmitting the IEPF-5 form;.
    1. Mention correct IFSC and Complete Demat
    A/C no in Form IEPF-5
    2.Provide affidavit for mismatch of address with excel sheets ( can you please explain)
    The form may be resubmitted after
    correcting it in allrespect with required documents as mentioned in IEPF-5 form and its help kit as per the
    latest verification guidelines available on IEPF websites (iepf.gov.in) through company after verification by
    nodal officer of the compan

  41. vaishali says:

    Some shares were sold by a corporate in 2001 and buyer did not get it trasferred in his/her name till date. shares are now in IEPF DEMAT. If buyer wants it to be transferred in his/her name , they have to apply IEPF?Any clearance from original holder of shares required ?

  42. Dr.Thakker says:

    This article regarding IEPF provides crystal clear comprehensive guidance. At the end mobile no. & email address provided. On communication warm response was elicited. To the point guidance given on specific queries. I am greatly indebted. Dr.Thakker

  43. Uma Shankar says:

    Hello DIr,
    I have Filed IEPF 5 for refund of shares but E Form Filing status of Form IEPF 5 shows “pending for approval”, what should i do ?
    Thank you.

  44. a pil says:

    Sir,
    I recently got a resubmission from IEPF for form 5. One of the point made is “Mention correct Folio No & demat a/c in point no 3 of IEPF-5 form as of provided share certificate”.
    What does the above statement mean?
    In the original submission I have filled the folio no of the shares which I am claiming, is there anything i need to fill.
    Also, whose demat a/c information they are asking.

    Thanks.

  45. MANISH DHOLAKIA says:

    HELLO.
    THE SHARES HAVE BEEN TRANSFERRED TO IEPF. MY QUESTION IS THAT THE SUPREME COURT HAS PASSED THE ORDER THAT AADHAR CARD IS NOT NECESSARY FOR ANY PURPOSE. SO FOR CLAIMING OF SHARES FROM IEPF WHY THEY ARE ASKING FOR AADHAR CARD MUST. THANKS.

  46. Vipasha says:

    I have read your article on tax guru. I have one query related to transfer of shares which are in physical form and also in IEPF.

    1) Shares were held between 3 joint holders. Among them 2 holders passed away.

    2) Third surviving holder does not have demat account and wishes to transfer the shares in my name and has executed form SH-4 also.

    3) But now we came to know that shares has been transferred to IEPF.

    QUERY: Can this SH-4 form for transfer of shares can be executed first and later we can submit form IEPF-5.
    Please guide.

    Regards

  47. Ankit Garg says:

    Dear Pramod,

    If your ancestors shares/dividends have been transferred to the IEPF, you will have to file separate claim forms for all the legal heirs mentioned in the succession certificate.

    Transmission will be done in all the successors name and you all will get entitlement from the company to reclaim these shares from the IEPF.

    Hope that helps. Kindly contact me on [email protected] for any detailed queries or call me at 09315645898. You may also visit iepfclaim.in

    Regards,
    Ankit Garg

  48. Pramod says:

    The above article was of great help. But still I have a query.
    What is the procedure to get the shares and dividends in the name of deceased shareholder. Do all the legal heirs as mentioned in the succession certificate file separate forms? or NOC has to be furnished for transmission to a single name.

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