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Unclaimed dividends, also known as unclaimed shares, are the shares that the shareholder (the owner of the shares) did not claim. It might happen because of negligence. It may happen too when the shareholder passes away without the shares inherited by a will or other measures.
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Points Recovery of Unclaimed Dividends You Must Keep in Mind for the Unclaimed unauthorised. dividends are worth a lot of money, you don’t want However, even if you did not claim your shares, your dividend won’t get ‘unauthorised’. The IEPF authority takes responsibility to protect and manage your unclaimed dividends until you claim them. Understanding Unclaimed Dividends in General Unclaimed dividends, also known as unclaimed shares, are the shares that the shareholder (the owner of the shares) did not claim. It might happen because of negligence. It may happen too when the shareholder passes away without the shares inherited by a will or other measures. In both cases, the shares that are unclaimed reach the IEPF authority. IEPF is known as the Investor Education and Protection Fund, which is a
body created by the Indian central government to protect and manage the unclaimed dividends of shareholders. Key Points Not to Forget When Recovering Unclaimed Dividends Shareholders log in to the IEPF portal to claim their unclaimed shares through the IEPF-5 form. However, the said process is a little complex where you have more than one matter to look after. To ensure you don’t make mistakes in claiming your unclaimed dividend from IEPF, you may consider the points you find below: The Necessary Paperwork and Account Details The IEPF Fund Manager ultimately issues the sanction of your unclaimed shares, which might be interrupted when you don’t supply the correct information. Take care of the documents such as the indemnity bond (self-attested), SRN, Demat account details, documents on share ownership, a stamped receipt (self-attested with witness’ signatures and revenue stamp), Demat account details, cancelled cheque leaf, passports (for NRIs), and more. Do Not Miss out on Checking the IEPF Portal for Older Dividends Often, a shareholder can miss out on the older dividends (if any). With this matter, you can continue all the formalities to recover your unclaimed shares yet you may not achieve the full worth because it’s your job to find out how many shares of a company belong to you. This is why it’s always wise to find out if you have older dividends that are unclaimed. Update Your Personal Information before Submission of the IEPF-5 Form It’s natural to lose track of all these minute points when claiming your unclaimed shares from the IEPF portal. Before you submit the final documents in the IEPF-5 form, make sure you have checked all the details and ensured you have made updates on your bank details and personal information.
To Conclude: Contact Infiny Solutions If You Need Help with Unclaimed Dividend Recovery Getting your unclaimed dividend from IEPF isn’t difficult. It’s just lengthy. You can quicken it by speaking with professionals who have dealt with clients who need help regarding how to reclaim and restore IEPF dividends. Our job is doing exactly that. You can talk to us or visit our website to find out how we aided countless shareholders in getting their dividends back. It is our privilege to show you the fastest route to your unclaimed shares recovery at very affordable rates. Contact us today if you want us to declutter your unclaimed share recovery and restore your share ownership without hiccups.