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This presentation is about recovery of unclaimed shares and documents required. This presentation also talks about the types of services MUDS Management for recovery of unclaimed shares. For any assistance, please visit our website: https://muds.co.in/recovery-of-shares/
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Recovery of Shares MUDS Management Pvt. Ltd.
MUDS Services: Transfer of shares Recovery of share 2 3 Recovery of dividends 1 MUDS Management Pvt. Ltd.
Recovery of shares includes: Recovery of lost shares Transfer of physical shares 2 3 4 1 Issue of duplicate shares Transfer of shares after death of shareholder 5 The claim of shares from IEPF The claim of dividend from IEPF 6 MUDS Management Pvt. Ltd.
Reasons as for unclaimed investment in physical form: 3 4 5 1 2 Lost Shares Dismantled Shares Forgotten Shares Torned Shares Death of Original Shareholder MUDS Management Pvt. Ltd.
01 Certified copy of death certificate. 02 Request application for the transmission from legal heir(s) or representatives. Documents Required: 03 Letter of Administration or Succession Certificate or Probate of Will. 04 Specimen signature of the successor(s). MUDS Management Pvt. Ltd.
What is IEPF? I E P F Education and Protection Fund Investor It is a fund that has been set up by the Ministry of Corporate Affairs (MCA) and is funded by unclaimed shares, dividends, deposits, debentures, et all. A trust monitors the IEPF and utilizes money that remains unclaimed for more than 7 years. MUDS Management Pvt. Ltd.
Type of funds that are moved to IEPF: Unclaimed Shares Unclaimed Dividends Unclaimed Debentures of companies & the interest accrued on it. Unrealized Proceeds from matured deposits of companies MUDS Management Pvt. Ltd.
Can A Shareholder Reclaim Such Unclaimed Shares? YES!!! MUDS Management Pvt. Ltd.
Process to secure refund shares from IEPF: 3 4 5 1 2 Authority to Claimant Completion of Transmission process from Company Claimant to Authority Company to Authority Claimant to Company MUDS Management Pvt. Ltd.
“There are lots of formalities to be followed to recover the unclaimed shares from IEPF, which is a little demanding for a layman, therefore, it is better to seek professional help.” —Shweta Gupta (Founder & CEO, MUDS) MUDS Management Pvt. Ltd.