A dividend that is owed to stockholders of record but has yet to be distributed. An unpaid dividend will exist in the time between the date of record and the dividend payment date.
Although the government has ensured unclaimed dividends, deposits, debentures, bonus, split shares, etc are in safe hands so that the investors can claim them even after a certain period, the number of affected investors are no less. We provide a range of services to investors to recoup their unclaimed dividends, bonus shares, split shares, etc. An investor may face such problems because of the following reasons:
Non-execution of transmission: It happens when a legal successor fails to ‘transmit’ shares in his name after the death of an investor whose name shares or debentures are actually held in the company’s records, leading to unclaimed corporate benefits including dividends, etc.
Outdated records: Unclaimed Dividend largely exists due to incorrect or outdated details of a shareholder in the company’s records. Non-intimation of change of address or other details to the respective company results in a mismatch of the investor’s database with various authorities.
Non-execution of transfer: Shares purchased by an investor remain in the name of the seller due to non-execution of transfer in the name of the buyer. This happens when an investor holds physical shares.
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