ACS Divesh Goyal

CS Divesh GoyalProvisions of Investor Education and Protection fund:

Transfer of Dividend: 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.

  • The company shall send a statement in the prescribed form of the details of such transfer to the authority which administers the said Fund and that authority shall issue a receipt to the company as evidence of such transfer.

Transfer of Shares:

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 along with a statement containing such details as may be prescribed:

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

Yes, any claimant of shares transferred above 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.


√ The claimant shall file only one consolidated claim in respect of a company in a financial year.

√ 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. Person have to make application to MCA in eform 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

viii. No need to affix DSC on the eform

ix. There is no option to attach any document in the form.

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) of the company at its registered office in an envelope marked “claim for refund form IEPF Authority” for initiating the verification for claim:

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

ii. Copy of acknowledgement

iii. 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.

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

v. In case of refund of matured deposit or debenture, original certificate thereto

vi. Copy of Aadhaar Card(For Indian Nationals)

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

viii. Cancelled Cheque leaf

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

Step- III

Company to Authority

The company shall within 15 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.

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 sixty days from the date of receipt of the verification report from the company

Disclaimer: The entire contents of this document have been prepared on the basis of relevant provisions and as per the information existing at the time of the preparation. Although care has been taken to ensure the accuracy, completeness and reliability of the information provided, I assume no responsibility therefore. Users of this information are expected to refer to the relevant existing provisions of applicable Laws. The user of the information agrees that the information is not a professional advice and is subject to change without notice. I assume no responsibility for the consequences of use of such information. IN NO EVENT SHALL I SHALL BE LIABLE FOR ANY DIRECT, INDIRECT, SPECIAL OR INCIDENTAL DAMAGE RESULTING FROM, ARISING OUT OF OR IN CONNECTION WITH THE USE OF THE INFORMATION. This is only a knowledge sharing initiative and author does not intend to solicit any business or profession.

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27 responses to “Process to get back shares from IEPF”

  1. ashokbarbhaya says:

    kindly say me how can count stamp duty for bond to refund the share from IEPF

    • Ankit Garg says:


      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 or call at 09315645898.

      Ankit Garg, Advocate
      Garg Law Chambers

  2. ABEE says:

    Respected Sir/Madam,



  4. 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.

    • 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

      Ankit Garg, Advocate
      Garg Law Chambers

  5. 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.?

  6. 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.

  7. 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

    • 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.


      Ankit Garg, Advocate

  8. 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.

    • 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 for further queries.


      Ankit Garg, Advocate

  9. 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

  10. 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.

    Ankit Garg

  11. 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

  12. 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.

    • Ankit Garg says:


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

      Ankit Garg

  13. VIKASH says:

    Physical Shares in Hand bought from Transferor few years back, Shares not in my Name now , are transfered to IEPCF A/c.Help

  14. 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.

    • 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

      Ankit Garg,
      Advocate for

      Garg Law Chambers

  15. 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.

  16. 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

    • 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

  17. 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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