Know the Process to Recover the Unclaimed Dividend Transfer from IEPF

2. Know the Process to Recover the Unclaimed Dividend Transfer from IEPF Often, shareholders do not claim their shares for a long time, and their dividends lie unclaimed for ages. The companies have been directed to update their website about unclaimed shares and dividend account holders. It has to put up all the details of the shares along with the account holder's name and last updated address. If the shares and the dividend remain unclaimed for over seven years, they must be transferred to the Investor Education Protection Fund(IEPF). The transfer process of the shares and dividend has to be carried out as per the guidelines stated by the Ministry of Corporate Affairs. It is possible to recover theIEPF unclaimed dividend even if you want to recover it. Just follow the listed steps to access your lost shares and unclaimed dividend.

3. Contact the Company The shareholder is required to contact the company and transfer agent to retrieve the details of the year-wise dividend entitled to receive and shares transferred to the IEPF Authority. • Visit the Website of IEPF Once all the details have been received from the company, the shareholder has to visit the website of the IEPF Authority and download the e-form IEPF-5. The shareholder has to fill out this form online and upload it. • E-form IEPF-5 Once the form fillup is done, the shareholder of unclaimed dividend transfer to IEPF has to take a print of the filled form and submit it with the attested copy of the required documents. The shareholder has to send it to the company's registered office addressing the nodal officer.

4. Verification The rest of the work would be done by the company. It will verify the person's claims and the attested copy of the documents. Then the company will send the original documents received along with the verification report from the entitled person to the IEPF Authority. • Approval Based on the verification report and the documents submitted by the company, the IEPF may take further action. It may either approve the claim or ask the shareholder to submit other documents in case of discrepancy regarding theunclaimed dividend transfer to IEPF. • Role of Nodal Officer At the request of the IEPF Authority, the shareholder would be required to submit the documents to the Nodal Officer of the company. Again the Nodal Officer will check and verify the documents and send them to the IEPF Authority. On approval from the IEPF Authority, the shareholder will get the claim. If the claim is rejected, the shareholder must submit all the required documents and follow the same process as stated above.

5. Parting Words The high authorities work tirelessly to keep the consumers and the corporate world content. Any discrepancy can be addressed by following certain specific procedures. In the case of an IEPF unclaimed dividend, the shareholders may check the company's website whose shares they hold. Frequent updates about the unclaimed shares and dividends are updated on site. If you’ve been facing any issues regarding the claim over the dividend or shares, feel free to contact us. We’d love to extend our helping hand and get the issue resolved coherently. • Thank You • Source Url: https://medium.com/@sharesamadhanindia/know-the-process-to-recover-the-unclaimed-dividend-transfer-from-iepf-bfb5438f454 • Address: Share SamadhanPvt. Ltd. B - 35, Lower Ground Floor, South Extension - Part II, Block B, New Delhi - 110049