Provisions of Investor Education and Protection fund:

Transfer of Dividend: As MCA has issued [1] Investor Education and Protection Fund Authority Rules, 2017. As per these rules Any money transferred to the Unpaid Dividend Account of a company in pursuance of this section which remains unpaid or unclaimed for a period of seven years (7 year and 37 days from the date of declaration of dividend) from the date of such transfer shall be transferred by the company along with interest accrued, if any, thereon to Investor education and protection fund.

Recently MCA has amended The Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund)Second Amendment Rules, 2019 Dated 14th August, 2019 Effective from 20th September 2019.

Even All Shares in respect of which dividend has not been paid or claimed for seven consecutive years or more shall be transferred by the company in the name of Investor Education and Protection Fund.

In previous months shares of many persons has been transferred in the name of Investor Education and Protection Fund. As a normal person main issue is how to get recover such shares from the IEPF in their name.

In this editorial author shall endeavor to briefly discuss “Process for a general person to claim their shares from IEPF to their names and mistakes which a person should not made while applying for the same”.

By using the below mentioned process a General Person himself can apply for refund of shares from IEPF to their names.

I. Whether Shareholder can claim transfer of shares/Dividend from Investor Education and Protection Fund.

Yes, any claimant of shares transferred to IEPF shall be entitled to claim the transfer of shares from Investor Education and Protection Fund in accordance with such procedure and on submission of such documents as discussed below.

Process to get refund shares from IEPF:

Any person, whose shares, unclaimed dividend, matured deposits, matured debentures, application money due for refund, or interest thereon, sale proceeds of fractional shares, redemption proceeds of preference shares, etc. has been transferred to the Fund, may claim the shares under provision to sub-section (6) of section 124 or apply for refund under clause (a) of sub-section (3) of section 125 or under proviso to sub-section (3) of section 125, as the case may be, to the Authority.

II. In respect of a Company, how many claim form can be file by the claimant in a financial year.

The claimant shall file only one consolidated claim in respect of a company in a financial year. Claimants have to very conscious while filing the form, because for a company he will get only one chance in a financial year.

III. In case of claimant is legal heir or successor or nominee of the registered share holder. In this case whether they can directly apply to IEPF for refund of shares or dividend?

In case, claimant is a legal heir or successor or administrator nominee of the registered security holder, he has to ensure that the transmission process is completed by the company before filing any claim with the Authority.

Step- I | Claimant to Authority

I. Claiment have to make application to MCA in e-form IEPF-5 by mentioning following details:

i. Particular of Applicant

ii. Particular of Company

iii. Details of Shares to be claimed

iv. Details of amount claimed

v. Year wise details of securities/deposits

vi. Aadhaar Number or Passport/OCI/PIO Card No. (in case of NRI/foreigners)

vii. Details of Bank account (Aadhar linked, in case applicant is not NRI/foreigner)in which refund of claim to be made

IV. Whether any documents required to be attached in the form IEPF – 5?

No need to attach any documents in the form.

NOTE:

i. Claimant have to download the form IEPF – 5 from the website of http://www.iepf.gov.in/

ii. After download have to fill the above mentioned information.

After that claimant has to upload the form on website of IEPF only.

Step- II | Claimant to Company

The claimant and after filing the refund claim in this form online, shall to send the attachments prescribed below to Nodal Officer (IEPF) (details about nodel officer given below) of the company at its registered office in an envelope marked “claim for refund form IEPF Authority” for initiating the verification for claim:

i. Original Physical Share Certificate/ bond/ Debenture Certificate

ii. Indemnity Bond (original) with claimant signature

  • On a non-judicial Stamp Paper of the value as prescribed under the Stamp Act if the amount of the claim is Rs.10, 000 or more.
  • 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.

iii. Advance Stamped receipt (original) with signature of claimant and two witnesses

iv. Copy of Aadhaar Card (For Indian Nationals)

v. Print out of duly filled claim form (IEPF-5) with claimant signature

vi. Copy of acknowledgement

vii. Cancelled Cheque leaf

viii. Copy of Passport, OCI and PIO card in case of foreigners and NRI

Step- III | Appointment of Nodal Officer | Company Compliance

Every company which is required to credit amounts or shares to the fund or has deposited the amount or transferred the shares to the Fund shall nominate a Nodal Officer, who shall either be a Director or Chief financial Officer or Company Secretary of the company, for the purposes of verification of claims and coordination with Investor Education and Protection Fund Authority:

  • a company may appoint one or more Officer as Deputy Nodal Officer to assist the Nodal Officer for the purposes of verification of claim and for coordination with Investor Education and Protection Fund Authority:
  • the Nodal Officer shall be solely liable for all actions of any officer appointed as Deputy Nodal Officer:
  • In case a company fails to appoint Nodal Officer, every director of the company shall be deemed to be nodal officer and be liable for any failure to comply with requirement of these rules.]

Step- IV | Company to Authority

I. Information of Nodal Officer to Authority:

The details of the Nodal Officer and Deputy Nodal Officer duly indicating his or her

  • Designation,
  • Postal Address,
  • Telephone and
  • Mobile Number and
  • Company Authorized e-mail ID

shall be communicated to the Investor Education and Protection Fund Authority in Form No. IEPF – 2 within fifteen days from the date of publication of these rules and the company shall display the name of Nodal Officer and his e-mail ID on its website:

Any change in the Nodal Officer or his details shall be communicated to the Authority through Form No. IEPF-2 within seven days of such change along with board resolution thereof.].

II. Verification report to the Authority:

  • The company shall within 30 days of receipt of claim form, send a verification report to the Authority in the format specified by the Authority along with all documents submitted by the claimant.
  • The Company shall attach the scanned copy of all the original documents submitted by the claimant in physical form duly certified by its Nodal Officer alongwith the e-verification report along with a scanned copy of both sides of original physical share certificate or original bond or deposit or debenture certificate/s duly cancelled and certified:

Delay in submission of Report:

If the online verification report is not sent by the company within thirty days of filing of claim, the company may do so by paying additional feeof fifty rupees for every day subject to maximum of two thousand and five hundred rupees:

  • the company shall be liable to maintain the original documents submitted to it by the claimant and shall produce such documents whenever required:
  • Provided also that for failure to submit verification report of the claim in accordance with these rules, the company and its Nodal Officer shall be punishable as per the provisions of the Act.

NOTE:

In case of non receipt of documents by the Authority after the expiry of 60 days from the date of filing of Form IEPF-5, the Authority may reject Form IEPF-5, after giving an opportunity to the claimant to furnish response within a period of 15 days.

Step- IV | Authority to Claimant

After verification of the entitlement of the claimant-

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.

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.

Time Period: An application received for refund of any claim under this rule duly verified by the concerned company shall be disposed of by the Authority within 60 days from the date of receipt of the verification report from the company.

If Incomplete Application:

Where the Authority, on examining any application for claim, finds it necessary to call for further information or finds such application or e-form or document to be defective or incomplete in any respect,

the Authority shall give intimation of such information called for or defects or incompleteness, by e-mail on the email address of the claimant and the company, which has filed such application or e-form or document,

Directing him or it to furnish such information or to rectify such defects or incompleteness or to re-submit such application or e-Form or document within fifteen days from the date of receipt of such communication, failing which the Authority may reject the claim or e-form No. IEPF-5:

If such information or incompleteness is called from the claimant, he shall file the e-form and shall send such documents as called for within fifteen days, duly signed by him, to the Nodal Officer of the concerned company at its registered office for verification of the claim and company shall send a revised verification report:

If any such information or incompleteness is called from the company, the company shall file the revised verification report and shall send such documents as called for within thirty days:

Other Documents Required to be submitted by Claimant:

In case, claimant is a legal heir or successor or administrator or nominee of the registered share holder, the claimant shall ensure to submission of self-attested scanned copy of all documents detailed in Schedule II of these rules online along with the Form No. IEPF-5:

In case of loss of securities held in physical form, he has to ensure to submission of self-attested scanned copy of additional documents detailed in Schedule III of these rules online along with the Form No. IEPF-5:

NOTE: The claimant shall submit in original all these documents duly signed by him, to the Nodal Officer of the concerned company at its registered office for verification of the claim.

A. To the Authority in case of loss of securities held in physical mode

a) Notarised copy of FIR/ Police Compliant containing information of security holder, holding details, folio number and distinctive numbers of share certificate.

b) Surety Affidavit of value equal to market value that of shares as on date of execution along with his Proof of identity like Pan Card of sureties duly attested by Notary.

c) Indemnity bond by security holder on a non-judicial stamp paper of requisite value duly attested by Notary Public by the person, in whose name the original share certificate are being issued that he has not sold / disposed off the involved shares or acted in any manner by which any interest of third party would have been created.

d) Copy of advertisement issued in at least one English language national daily newspaper having nationwide circulation and in one regional language daily newspaper published in the place of registered office of company, if the market value of the shares is greater than Rs 10,000.

B. to the Authority in case of loss of securities held in physical mode

Penalty: Any fraudulent claim by the claimant shall be deemed to be fraud within the meaning of section 447 of the Act and the claimant shall be liable accordingly.

If any person deceitfully personates an owner of any security or of any share warrant or coupon issued in pursuance of this Act and thereby files any claim to obtain or attempts to obtain any such security or interest or any such warrant or coupon due to the lawful owner, he shall be punishable under sections 57, 447 and 448 of the Act.]


Schedule II

Documents to be submitted to the Authority to register transmission of securities

A. Documentary requirement for securities held in physical mode

1. Where the shares are held singly with nomination:

1.1. Duly signed transmission request form by the nominee.

1.2. Original or copy of death certificate duly attested.

1.3. Self-attested copy of PAN card.

1.4. Original share certificate(s).

1.5. Any other government ID proof of the nominee.

2. Where the shares are held singly without nomination, the following documents in addition to the documents specified at paragraph 1 are required:

2.1 Affidavit from all the legal heirs made on appropriate non-judicial stamp paper- to the effect of identification and claim of legal ownership to the securities:

Provided that in case the legal heir(s) or claimant(s) is named in the succession certificate or probate of will or Letter of Administration, an Affidavit from such legal heir(s) or claimant(s) alone would be sufficient.

2.2 For value of securities up to Rs. 2,00,000 (Rupees Two lakh only) per issuer company as on date of application, one or more of the following documents:

(a) Succession certificate or probate of will or letter of administration or court decree, as may be applicable in terms of Indian Succession Act, 1925. (39 of 1925)

(b) In the absence of the documents as mentioned at (a) above,

(i). No objection certificate from all legal heir(s) executed by all the legal heirs of the deceased holder not objecting to such transmission (or) copy of Family Settlement Deed duly notarized

and

(ii). An Indemnity bond made on appropriate non-judicial stamp paper – indemnifying the STA or Issuer Company.

2.3 For value of securities more than Rs. 2,00,000 (Rupees Two lakh only) per issuer company as on date of application: Succession certificate or probate of will or letter of administration or court decree, as may be applicable in terms of Indian Succession Act, 1925. (39 of 1925)

3. Where the shares are held jointly with nomination:

3.1 Duly signed transmission request form by the nominee.

3.2 Original or copy of death certificate(s) of all the joint holders duly attested

3.3 Self-attested copy of PAN card.

3.4 Original share certificate(s).

3.5 Any other government ID proof of the nominee.

4. Where the shares are held jointly without nomination, the following documents in addition to the documents specified at paragraph 3 are required:

4.1 Affidavit from all the legal heirs made on appropriate non-judicial stamp paper- to the effect of identification and claim of legal ownership to the securities.

Provided that in case the legal heir(s) or claimant(s) is named in the succession certificate or probate of will or Letter of Administration, an Affidavit from such legal heir(s) or claimant(s) alone would be sufficient.

4.2 For value of securities upto Rs. 2,00,000 (Rupees Two lakh only) per issuer company as on date of application, one or more of the following documents:

(a) Succession certificate or probate of will or letter of administration or court decree, as may be applicable in terms of Indian Succession Act, 1925.(39 of 1925)

(b) In the absence of the documents as mentioned at (a) above,

(i). No objection certificate from all legal heir(s) executed by all the legal heirs of the deceased holder(s) not objecting to such transmission (or) copy of Family Settlement Deed duly notarized

and

(ii). An Indemnity bond made on appropriate non-judicial stamp paper – indemnifying the STA or Issuer Company.

4.3 For value of securities more than Rs. 2,00,000 (Rupees Two lakh only) per issuer company as on date of application:Succession certificate or probate of will or letter of administration or court decree, as may be applicable in terms of Indian Succession Act, 1925. (39 of 1925)

B. Documentary requirement for securities held in DEMAT mode

1. Where the shares are held singly with nomination:

1.1. Duly signed transmission request form by the nominee.

1.2. Original or copy of death certificate duly attested

1.3. Self-attested copy of PAN card.

1.4. Copy of transaction statement duly certified by Depository Participant.

1.5. Any other government ID proof of the nominee.

2. Where the shares are held singly without nomination, the following documents in addition to the documents specified at paragraph 1 are required:

2.1 Affidavit from all the legal heirs made on appropriate non-judicial stamp paper- to the effect of identification and claim of legal ownership to the securities.

Provided that in case the legal heir(s) or claimant(s) is named in the succession certificate or probate of will or Letter of Administration, an Affidavit from such legal heir(s) or claimant(s) alone would be sufficient.

2.2 For value of securities upto Rs. 2,00,000 (Rupees Two lakh only) per issuer company as on date of application, one or more of the following documents:

(a) Succession certificate or probate of will or letter of administration or court decree, as may be applicable in terms of Indian Succession Act, 1925.

(b) In the absence of the documents as mentioned at (a) above,

(i) No objection certificate from all legal heir(s) executed by all the legal heirs of the deceased holder not objecting to such transmission (or) copy of Family Settlement Deed duly notarized

and

(ii) An Indemnity bond made on appropriate non-judicial stamp paper – indemnifying the STA or Issuer Company.

2.3 For value of securities more than Rs. 2,00,000 (Rupees Two lakh only) per issuer company as on date of application: Succession certificate or probate of will or letter of administration or court decree, as may be applicable in terms of Indian Succession Act, 1925. (39 of 1925)

3. Where the shares are held jointly with nomination:

3.1 Duly signed transmission request form by the nominee.

3.2 Original or copy of death certificate(s) of all the joint holders duly attested

3.3 Self-attested copy of PAN card.

3.4 Copy of transaction statementduly certified by Depository Participant.

3.5 Any other government ID proof of the nominee.

4. Where the shares are held jointly without nomination, the following documents in addition to the documents specified at paragraph 3 above are required:

4.1 Affidavit from all the legal heirs made on appropriate non-judicial stamp paper- to the effect of identification and claim of legal ownership to the securities:

Provided that in case the legal heir(s) or claimant(s) is named in the succession certificate or probate of will or Letter of Administration, an Affidavit from such legal heir(s) or claimant(s) alone would be sufficient.

4.2 For value of securities upto Rs. 2,00,000 (Rupees Two lakh only) per issuer company as on date of application, one or more of the following documents, namely:-

(a) Succession certificate or probate of will or letter of administration or court decree, as may be applicable in terms of Indian Succession Act, 1925. (39 of 1925)

(b) In the absence of the documents as mentioned at (a) above,

(i) No objection certificate from all legal heir(s) executed by all the legal heirs of the deceased holder(s) not objecting to such transmission (or) copy of Family Settlement Deed duly notarized

and

(ii) An Indemnity bond made on appropriate non-judicial stamp paper – indemnifying the STA or Issuer Company.

4.3 For value of securities more than Rs. 2,00,000 (Rupees Two lakh only) per issuer company as on date of application: Succession certificate or probate of will or letter of administration or court decree, as may be applicable in terms of Indian Succession Act, 1925. (39 of 1925).

—————————–

1. Substituted by the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Amendment Rules, 2017 Dated 28th February, 2017.

2. Inserted by the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Second Amendment Rules, 2017 Dated 13th October, 2017.

(Author – CS Divesh Goyal, GOYAL DIVESH & ASSOCIATES Company Secretary in Practice from Delhi and can be contacted at csdiveshgoyal@gmail.com)

(Republished with amendments)

Author Bio

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75 Comments

  1. konduparti venkata murarji says:

    I have purchased 8 shares from IMFA probably during 1983-84 in the name of my wife KONDUPARTI VENKATA RANGANAYAKI. I have completely forgotten about it and recently i could see in Google Search. These shared were transferred to IEPF . I KNOW ONLY ONE INFORMATION THAT THE POOL number is P0006097. Except this I have no other information. If anybody can help me, please send an email to me or call me to mymobile number 9247219322.

    1. peter says:

      if u only know the company name of the share and name of the owner.just go to the company website and check for pdf that gives details of share that transfer to IEPF. There you get the details of the share holder and share which are transfer to iepf

  2. LalitElkay says:

    I am from Kolkata, West Bengal.
    Query #1 : Value of stamp paper for Bond (Claim being for Rs 714/- as Dividend & 280 shares of face value 560/-) to be executed ;&

    Query #2 : If bond is to be notarised or not.

  3. Ramesh Chander Datta says:

    Dear sir, I have 72 shares of reliance industries Ltd in physical form which are to be claimed from iep. I am having difficulty in filling form iepf-5. Can you please help.I am a senior citizen living in gurgaon. I can come and visit your office in Delhi. for the purpose.please advice.thanks and regards.you early reply shall be appreciated.my mail I’d is : rmsdatta@gmail .com

  4. Ankit Garg says:

    For any technical queries or assistance in recovering shares from the IEPF, one can contact our firm at ankitgarg.attorney@gmail.com or call us at 9315645898. We are trying to resolve reclamation of shares from IEPF for investors across the nation.
    One should be very particular about the documentation sent along with the claim.

    Regards,

    Ankit Garg
    Advocate
    Garg Law Chambers
    iepfclaim.in

  5. RAJESH JHUNJHUNWALA says:

    I have 100 shares of IDBI Bank and these shares was transferred to IEPF account. In Indemnity Bond what amount i mention and amount of stamp duty paid if i resident in West Bengal

  6. Mohammed tarique says:

    Any one requires support for claim of shares and Dividend from Iepf pls contact me 9164026543 but From bangalore or from Karnataka

    1. Akapati Tripati Patro says:

      Hi , I am Akapati Tripati Patro having 180 RIL shares/dividend amount transferred to IEPF account .
      And currently I am staying in Bangalore.. Can You help me for the same. And if original certificates are missing what we need to do for the same.
      Akapati Tripati Patro Mobile No 9743234000

  7. THARANIDHARAN TJ says:

    SIR,
    I HAVE 20NOS OF EQUITY SHARES OF FACE VALUE 10; OF ULTRA TECH CEMCO LIMITED.
    WHEN I HAD IT SENT THRU MY AGENCY FOR DEMAT PROCESS, IT WAS REJECTED GIVING THE REASON * : SHARES TRAFD TO IEPF A/C. SO I WANT TO CLAIM BACK THE SHARES FOR MY POSSESSION. KINDLY GUIDE ME. THANK YOU VERY MUCH. THARANIDHARAN, MADURAI, TN

  8. dhanasekar says:

    in our name dhanasekar and Rameshkumar
    we have completed all formalities of filling form IEPF-5,for refund of last 7 years dividend sent to IEPF by TTK Prestige limited corporate nodel office
    we have also provided Karvy client id and this TTK prestige limited
    June month onwards
    we are waiting we did not got any information. Please suggest where should I register complain
    my mobile +9382666772

  9. BENOY KUMAR SINGH says:

    I have completed all formalities of filling form IEPF-5,for refund of 24 Reliance Industries , and sent to Karvy office Hyderabad, some 4 months back . Till today I have not got any information. Please suggest where should I register complaint

    1. Ankit Garg says:

      Dear Mr. Singh,

      You can try contacting the Authority directly or we can assist you in getting the matter resolved faster. If there is no response from the Authority, one would need to take appropriate legal recourse by approaching the courts. Kindly mail me at ankitgarg.attorney@gmail.com or call at 9315645898 to discuss the same.

      Regards,
      Ankit Garg

  10. Sudarsan Kumar De says:

    Sir, Many of my shares in different companies have now been transferred to IEPF including dividends. In few companies I had multiple folios. I tried to fill Form no.5, but I feel that PDF form fill is defective & prepared in an amateurish manner. One can claim many years’ dividend in one application, but if he possess different folio in the same name he cannot fill up the data(for claim of shares). Since Aadhar no. is the same, he cannot apply claiming the shares in the same financial year as per rule. He will have to wait for 2 or more years for submission of claim. Moreover, I tried several times to register myself in the IEPF site, but failed every times. It is nothing but stealing of one’s property by Govt. by imposition of illegal rule. I doubt whether in my lifetime I shall be able to recover my shares/dividends from Govt. chest. If you have any solution for these problems, I shall be grateful.
    Regards,
    S.K.De

    1. Ankit Garg says:

      Dear Mr. De,

      Your queries are very genuine and I sympathise with your grievance with the Govt. A lot of investors are in the same boat. We are trying to assist and resolve investor’s queries in any manner possible. However, it is not difficult to register on the IEPF Website. Besides, we can try to take up your case about multiple folios with the IEPF Authority and find out the appropriate solution. Kindly mail me at ankitgarg.attorney@gmail.com or call at 9315645898 to discuss the same.

      Regards,
      Ankit Garg
      Advocate
      Garg Law Chambers

  11. Samuel Dias says:

    Dear Sir
    I have uploaded the IEPF-5 form online but did not print the copies. Please advise how can I get copies of the loaded forms as required by the nodal officer.
    I have managed to print the copy of SRN challan acknowledgment.
    Please advise any suggestions.

    My email address : diassam7@yahoo.co.uk
    Regards

  12. Ashok Reddy says:

    Hi Sir,
    I am holding 124 KPIT shares, now it transferred to IEPF, I want get back my shares; please let me know the procedure.

    Thanks,
    Ashok

    1. Ravi Garg says:

      Mr Ashok,

      Kindly note that you are required to Fill Form IEPF-5 online and submit the documents with respective RTA of the Company.
      Kindly contact me on rgcorporatecare@gmail.com or 7838204665 with your specific query.
      We will guide you accordingly.

      Regards,
      Ankit Garg
      Advocate
      Garg Law Chambers

      1. Ravi Garg says:

        Previous reply shall be only read as:
        Mr Ashok,

        Kindly note that you are required to Fill Form IEPF-5 online and submit the documents with respective RTA of the Company.
        Kindly contact me on rgcorporatecare@gmail.com or 7838204665 with your specific query.
        We will guide you accordingly.

  13. sridhar says:

    My shares are transferred to IEPF
    Name of company Hindustan Unilever
    Name of holder PR / SR 20 shares Rs 1 each
    SR/PR 20 shares Rs 1 each
    Demat a/c PR/SR
    Market value one share 1768
    Market value of each Folio 35364
    1) what is the value of stamp paper required
    2) should both joint holder provide seprately or jointly ideminty bond
    so whether I should submit 1 , 2 or 4 idemnity bond
    dividend claimed is 200 each folio
    3) for the second folio can ii provide transpose form and same demat a/c
    4) Demat a/c linked bank is different from Aadhar’s last linked bank a/c

    1. devaki chandra sekhar says:

      Hi Sir,
      I am holding 140 AUROBINDO PHARMA LTD shares, now it transferred to IEPF, I want get back my shares; few months back i am send original doucuments In physical form to IEPF authority afer one month i am receving a letter the claim through online mode i am confusing please let me know the procedure.

  14. sridhar says:

    Respected Sir,
    I have 20 shares of Hindustan unilever of Rs 1 jointly in my mothers name and my name
    I also have 20 shares of Hindustan unilever of Rs 1 jointly in my name and My mothers Name.
    Both have been transferred to IEPF
    Demat a/c in the my mother name and my name.
    My doubts
    1) Idemnity bond value of Stamp Paper
    should both sign Idemnity bond.
    how many bonds should we submit
    2) Can I get both 20 shares deposited to same demat a/c by submitting Transpose form for the second Folio

  15. BHADRESH says:

    I HAD APPLIED FOR SHARES TRANSFERRED TO IEPF AUTHORITY AND REQUEST COMPANY ON 6.3.2018 ALL THE DOCUMENTS HAVE BEEN SENT TO IEPF BUT NEITHER IEPF AUTHORITY NOR COMPANY IS GIVING ANY REPLY, UNDERTHE CIRCUMSTANCES TO WHOM I HAVE TO CONTACT, PLEASE INFORM ME E MAIL ID OR ADDRESS OF OFFICE WHERE I HAVE TO INFORM

    1. Ankit Garg says:

      Dear Bhadresh,

      IEPF is having a lot of workload and they are taking excessively long time to revert back. It is the case with every investor’s claim. And no redressal forum has been provided. Try emailing at iepf.gov.in
      For any other queries about IEPF, kindly email me at ankitgarg.attorney@gmail.com or call at 09315645898.

      Regards,
      Ankit Garg
      Advocate
      Garg Law Chambers

  16. Sukriti Chopra says:

    Sir

    My father had few shares in D-mat form which i wanted to transfer in my name which are now transferred to IEPF fund.
    I wanted to ask you about the value of Indemnity bond. The share value as on the date is arond 1.5 lacs .. can you please tell me the amount of stamp paper that i need to make my indemnity bond on.

  17. Jaspal S Kohli says:

    I am holding shares in Asian Paints and subsequently migrated to Canada and never followed up with company. I do not have a demat account in my name though i had a joint demat with my wife. I do not have physical shares due to change in my address. How can i claim my shares in physical form, can i get shares transferred to my demat in joint name with my wife though shares are in my sole name.
    Kindly guide for claiming these shares which i understand are transferred to MCA.

    1. GHANSHYAM GOHIL says:

      I AM HOLDING 500 SHARES HAVING FACE VALUE RUPEES 2/- PER SHARE OF AMINES AND PLASTICIZERS LIMITED. DUE TO CHANGE OF ADDRESS MY SHARES WENT TO IEPF. HOW TO UPLOAD IEPF FORM 5 GUIDE AND HELP ME.

  18. Harinkumar Manilal Khatri says:

    Dear Sir,
    I have submitted all necessary documents and evidence to nodal officer and uploading IEPF 5 online successfully.There after already 3 months passed.I cannot track the status for the same on MCA portal.
    and till the date I have not received my shares back in my demat account.Please guide me where to complain about the same ?

    1. Ankit Garg says:

      Dear Mr. Kumar,

      I would suggest you to kindly wait longer for getting a repl from the IEPF Authority as they generally take 4- months. And, there is no complaint procedure once the documents have been submitted to the IEPF other than initiating legal action.

      Regards,

      Ankit Garg
      Advocate
      Garg Law Chambers

  19. pooja says:

    Hi,

    I had a bond of 10,000 rs with icici and now the amount is submitted to iepf account. So inorder to claim the amount should i submit the indemnity bond and advance stamp receipt be NOTARIZED or not notarized

  20. Bharat Dalal says:

    I am little confused about stamping of indemnity Bond for claiming shares from IEPF. For stamping purpose which value to be considered, nominal ( facevalue) or market value? PL let me know

    1. Ankit Garg says:

      Sir,

      Market value of the shares need to be considered for calculating the stamp duty for the Indemnity Bond.

      Regards,
      Ankit Garg, Advocate
      Garg Law Chambers

    1. Ankit Garg says:

      Sir,

      Indemnity Bond needs to be on a stamp paper of Rs. 500 for reclamation of shares. Additionally, be extra careful with the documents you provide with the IEPF Form 5 as any small mistake will lead to a rejection in your claim.

      For any other information, please mail at ankitgarg.attorney@gmail.com or call at 09315645898.

      Regards,
      Ankit Garg, Advocate
      Garg Law Chambers

  21. ABEE says:

    Respected Sir/Madam,
    I AM HOLDING 25 SHARES OF PUNJULLOYD. BUT I COULD NOT DIVIDENED ENCASH DUE TO BANK DETAIL NOT UPDATDED IN MY DEMAT ACCOUNT. KINDLY LOOK INTO THE MATTER AND SUGGEST HOW CAN I RETURN BACK SHARES

  22. PRADEEP BANSAL says:

    sir i am holding shares of DLF CEEMENT. BUT I COULD NOT DIVIDENED ENCASH DUE TO BANK DETAIL NOT UPDATDED IN MY DEMAT ACCOUNT KINDLY LOOK INTO THE MATTER AND SUGGEST HOW CAN I RETURN BACK SHARES

  23. Abhay says:

    Dear Sir, Please advise me on transfer of shares of my deceased father on my name. My father hold 100 shares of Yuken India and these shares are transferred to IEPF. I am a legal heir.
    How can I get unclaimed dividend back and share transferred on my name. The shares are in physical forms.

    1. Ankit Garg says:

      Dear Abhay,

      Firstly, you will have to obtain a Succession Certificate from the court of your jurisdiction to assert your right over the shares as the only legal heir.

      Then you’ll have to reclaim these shares from the IEPF.

      For detailed advice, please call my office on +91 9315645898 or email at ankitgarg.attorney@gmail.com

      Regards,
      Ankit Garg, Advocate
      Garg Law Chambers

  24. Pankaj Madaan says:

    IEPF Rules Comes in existence from financial year 2017. Can i claim Dividend of Financial Year 2001-02 which is transferred with IEPF Fund.?

  25. KS MURTHY says:

    i am having shares of a company in the name of my wife(first name) and my self(second name) which were transferred to IEPF, while filling the form whether we have to give first name of the applicant only or joint names of the applicants at the place of name of the applicant as it is not accepting two names separately at the place of name of the applicant.

  26. Vinay Agarwal says:

    How can a claim made to IEPF be tracked. I had sent my claim on IEPF 5 to Karvy computershare for doing their needful. How can i know the status and fate of my application?
    Thanks in anticipation

    1. Ankit Garg says:

      Sir, you’ll have to login to the mca website to track the status of your application. Karvy has to send the documents to the IEPF authority within 15 days of receiving your application if the documents are complete and then the IEPF authority will take 2-3 months to consider your application and process it.

      For any further queries, kindly contact me on 09818885411.

      Regards,

      Ankit Garg, Advocate

  27. Dr Narayan says:

    Sir kindly send me the procedure for getting back the shares of my grandfather brother shares in my mother name from iepf authority and can we become legal heir since they have no children and stayed with us at the fag end of the life.

    1. Ankit Garg says:

      Dear Sir,

      Since your garndfather’s brother and his wife do not have any children, it seems plausible that there are no Class 1 and Class 2 legal heirs.

      You’ll have to prove that your claim as falling in the category of agnates and claim a succession certificate from the civil court of competent jurisdiction.

      Kindly contact me at ankitgarg.attorney@gmail.com for further queries.

      Regards,

      Ankit Garg, Advocate

    2. Adarsh Mundhra says:

      Sir , you cannot put the cart before the horse. You need to get Letter of Administration / Succession Certificate / Court order / Probate Order of the Will of the people who passed away.

      Only after that , and then complying to the legal processes , you can get the share back by approaching the company with Transmission + IEPF document , and then the company will verify your claim and send it to IEPF authorities.

  28. Dr Narayan says:

    Since my grandfathers brother was in Mumbai and lived there and at the fag end of the life they settled at their born place at davangere Karnataka in his nephews house and died both of them in my mother house at davangere can my mother can apply for legal heir since my father also expired recently .my mother is at the fag end of the life now can she claims from iepf authority for the father in. Law brothers and his wifes shares.kindly reply

  29. Ankit Garg says:

    Anyone needing assistance for reclaiming their shares from the IEPF can kindly contact me with their queries. I am a lawyer and a CA having expertise is such reclamation of shares.

    Regards,
    Ankit Garg

  30. AN.Meyyammai says:

    I hold 300 shares of midland rubber &produce co .my srn is G69336535.but the form is rejected. due to insufficient documents the company is not obliging.please help me

  31. Kushang says:

    I have the shares of Tata Group company in joint name with my cousin. Whather the Advance Receipt and Indemnity bond will be made on joint name for Dividend and Shares both ? or else i have to prepare advance receipt and indemnity bond with single name and for single purpose only? Please guide me in preparation of Advance receipt and indemnity bond.

    1. Ankit Garg says:

      Sir,

      Both the advanced receipt and the indemnity bond will be made by both the joint holders.

      Regards,
      Ankit Garg
      Advocate

  32. VIKASH says:

    I had purchased Bombay Burmah Shares by Physical Shares some years back from a friend but could not lodge the same for Transfer in my Name as it was misplaced.Now I have found them but they are transfered to IEPF A/c. The seller is co-operating only to the extent of Signing a fresh SH-4 . How can I proceed.

    1. Ankit Garg says:

      Dear Vikash,

      It seems that the first holder will have to reclaim the shares from the IEPF initially before they can be transferred to your name by signing a fresh transfer deed.

      Kindly contact me for detailed inquiries at 9818885411 or ankitgarg.attorney@gmail.com

      Regards,
      Ankit Garg,
      Advocate for

      Garg Law Chambers

  33. Vishwadeep lakhtakia says:

    I have 100 shares in my neice name. Physical form original allotee of Kisan Mouldings ltd. Company transfer the shares to IEPF. how can claim priginal allotee dont have demat account.
    Please suggest.

  34. Arun Kumar says:

    I have 2000 shares of Rupa and Company Ltd which were transferred to IEPF. Tell me how can I claim it. Further in Share certificate my name is Arun Sharma but my all IDs like Aadhar, ration card, voter card are in the name of Arun Kumar and now my address is also changed. Tell me the process to get the unclaimed amount of my shares

    1. YOGESH SHETH says:

      dear mr.arun kumar
      i am a nri share holder,i leave in usa for last 40 year i purchased a share in 35 year ago ,now my 5 company share transfered to iepf accounrt and all interest goan to iepf account i dont have adhar card i have pan card please let us know how to gat may share and interest amount

  35. Anil Sood says:

    I am primary allotte of 100 shares of Jindal Vijay nagar Steel which were converted to 40 shares od JWS steel(as I have been told 20 days ago) I emigrated to Australia and lost my communication until late last year when I found this certificate of 100 shares. I can’t understand how I have to fill the form IEPF 5 for claiming back my shares And it says on non judicial stamp paper and receipt with revenue stamp. These both things I can’t get in Australia. Can u please suggest some way out.

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