IEPF claim
Transmission of shares at times is highly clumsy and runs into many legal complications
What We Do
Iepf Claim
What is IEPF?
The Investor Education and Protection Fund (IEPF) is an authority established by the Government of India to promote investor awareness and safeguard the interests of investors. It functions under the Ministry of Corporate Affairs and was created in accordance with the provisions of the Companies Act, 2013.
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The IEPF Authority manages funds that consist of unclaimed dividends, shares, deposits, and other investor-related amounts that have remained unclaimed for a specific period. As per regulations, such assets are transferred by companies to the IEPF.
The authority is also responsible for processing refund claims, allowing rightful investors or their legal heirs to recover their shares, dividends, and other financial assets that have been transferred to the IEPF.
When do the shares & dividends get transferred to IEPF?
If the dividends declared by a company remain unclaimed for seven consecutive years, both the unclaimed dividends and the corresponding shares are transferred to the Investor Education and Protection Fund (IEPF) as per regulatory requirements.
In cases where shares are held in Demat form, dividends may remain unclaimed if the bank account linked to the Demat account is inactive or dormant. When such dividends remain unclaimed for seven continuous years, the related shares and unpaid dividends are transferred to the IEPF Authority
What is the process to claim shares from IEPF?
To claim shares from the Investor Education and Protection Fund (IEPF), the claimant must first submit Form IEPF-5 online through the official IEPF website.
After submitting the form online, the claimant needs to print the filled Form IEPF-5 and send it along with the required supporting documents to the companyās Nodal Officer at the companyās registered office for verification.
The Nodal Officer reviews the submitted documents, verifies the claim, and submits the verification report online to the IEPF Authority (IEPFA). Once the authority examines and approves the claim after proper verification, the shares are transferred and credited to the claimantās Demat account.
