To be the shareholder of any company, totally justifies your ownership in that company. It gives you immense rights to be the part of the owners of the company, attend the general meetings and take part in their activities, being the decision makers and giving your valuable input to the organization.
Irrespective of the sensitivity of the cases where, whether shareholder has the original share certificates or not, whether Investor is alive or not, Duplicate, transmission, IEPF recovery claim everything can be smoothly done when the case enters at our doorstep. Complete assistance at each and every step for the recovery of shares right from the documentation preparation till filing the claim from government department and crediting the shares in demat account will be provided. Recovery of the wealth of the Investor is our first priority, we will be connected from the scratch and get it done.
• Understanding the Recovery Process: Providing a step-by-step guide on how to initiate the recovery process, including understanding the documentation and procedural requirements.
• Assisting with the Filing of IEPF Claim Form: Filing IEPF-5 Form: A professional can assist in accurately filling out and submitting the IEPF-5 Form, which is required to claim theshares back from IEPF. The form must include details such as the shareholder’s particulars, the company’s information, and details of the unclaimed shares. Online Submission: Helping clients with the online submission of the IEPF-5 Form through the MCA Portal, which is a mandatory step in the process.
• Document Verification and Assistance: Document Compilation: Assisting clients in collecting and organizing the required documents to file a successful claim. The typical documents include:
o Proof of identity (Aadhaar, passport, etc.)
o Proof of address (e.g., utility bills)
o Proof of ownership of shares (e.g., share certificates, demat account details)
o Bank details for refund (if applicable)
o Dividend payment records and other supporting documents (e.g., annual reports, letters from the company).
• Liaising with the Company and IEPF Authorities: Correspondence with IEPF Authority: Representing the client in correspondence with the IEPF authority to follow up on the claim or to resolve any issues that may arise during the process.
• Monitoring the Status of the Claim: Providing Legal Assistance for Disputed Claims
Dispute Resolution: If there are disputes about the ownership of the shares, or if there is a legal issue with the claim (e.g., in cases where the claimant’s identity is in question), a professional can offer legal advice or represent the client in resolving these issues.
• Reconciliation of Shares and Dividends: A professional can help reconcile the shareholding and dividend history to ensure that all unclaimed dividends and shares are accounted for correctly.
• Dividend Reclaim: If there are any unclaimed dividends along with the shares, a professional can assist in the process of recovering such dividends from the IEPF as well.
• Providing Post-Claim Assistance:Post-Claim Documentation: After the shares are successfully recovered, the professional can assist with maintaining updated records, including the issuance of share certificates, demat account updates, and tax filings.
• Tax Implications: Advising clients on the tax implications related to the recovery of shares, especially if they receive dividends or capital gains from the recovered shares in the future.
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