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Everything You Need To Know About IEPF Unclaimed Dividend

If you are a business person or share enthusiast, you may want to know about the unclaimed dividend of IEPF. We try to shed light on some necessary information about this particular subject. Read this article!<br>

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Everything You Need To Know About IEPF Unclaimed Dividend

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  1. Everything You Need To Know About IEPF Unclaimed Dividend If you are a business person or share enthusiast, you may want to know about the unclaimed dividend of IEPF. We try to shed light on some necessary information about this particular subject. Read this article! • What is IEPF? IEPF is an organization that the government of India has established. This organization looks after the unclaimed shares of any company or person. • What is IEPF Unclaimed Dividend? When a certain amount of shares of any company or person remain unclaimed for seven consecutive years, those unclaimed shares or dividends will be transferred to IEPF. Then those shares are known as IEPF unclaimed dividends.

  2. What Is an IEPF refund? • The company or a person of any unclaimed shares can apply to IEPF as a claimant of those unclaimed shares. When IEPF completes the physical share transfer to the Demat Accountof that claimant, the procedure is known as IEPF refund. • What is The Procedure for IEPF Refund? • If you want to claim your shares from IEPF, you must follow specific procedures. The procedure involves long paper works, technical formalities, and submission of valuable documents. • The claimant has to open a Demat Account as IEPF releases the claimant’s share through Demat Accounts only. • Then the claimant has to fill out the IEPF-5 form on the official website of IEPF. • After that, the claimant has to send some valuable documents such as a self-attested adhaar card, pan card, original copy of share certificate, and print out a copy of acknowledging form from IEPF, a statement from RTA, etc. • Once the Nodal officer receives the statement, the refund process will start to process.

  3. What Are The Practical Aspects of IEPF Refund? • The claimant or shareholder has to file a requisite form. Because only after receiving the filing receipt RTA can prepare the verification report. After the submission of a signed verification report to IEPF. The IEPF will verify all the details again, and after that, they will release the share in the claimant's Demat Account. The authority of IEPF will release the claim by electronic transfer. • What Are Essential Points To Remember? • Some vital things should be remembered while applying for the unclaimed IEPF dividend. The applicant should self-attest their KYC documents, such as adhaar card, pan card, etc., before the submission. Besides this, the advance receipt and Indemnity bond must be stamped, and details of the witnesses have to be mentioned. The latest client's master list is essential to submit to the Nodal Officer.

  4. The Final Thought • This article covers complete information on the information of IEPF unclaimed dividend. We hope this information will guide you when you need it most. • Thank You • Source Url: https://medium.com/@sharesamadhanindia/everything-you-need-to-know-about-iepf-unclaimed-dividend-5e603d948e5f • Address: Share SamadhanPvt. Ltd. B - 35, Lower Ground Floor, South Extension - Part II, Block B, New Delhi - 110049

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