The invest-and-forget philosophy needs to be revised: invest and forget, but keep the details updated.
There are abundant cases when one buys some shares and, due to untimely death or disease, loses track of the investment and forgets to tell their successors. According to The Companies Act, 2013, shares whose dividends have remained unclaimed for a consecutive period of seven years are transferred to a government authority called the IEPF (Investor Education and Protection Fund) Authority.
For claiming any of these shares, the applicant needs to file an application with the IEPF Authority along with the necessary supporting documents. MC Finnzon helps in speedy and hassle-free recovery from the IEPF Authority.
What is IEPF?
The Investor Education and Protection Fund is a fund established by the Government of India under Section 125 of the Companies Act, 2013. Its purpose is to safeguard unclaimed dividends, matured deposits, matured debentures, share application money due for refund, and any interest accrued on the above amounts — and to promote investor awareness and protection.
What Gets Transferred to IEPF?
- Unpaid or unclaimed dividends after seven consecutive years
- Shares in respect of which the dividend has been unpaid or unclaimed for seven consecutive years or more
- Matured deposits and debentures with companies
- Application money received for allotment of securities that is due for refund
- Interest accrued on the amounts referred to above
Our IEPF Recovery Process
- Discovery & Verification — We trace all your holdings across companies and RTAs, confirm what has been transferred to IEPF.
- Entitlement Letter — We coordinate with the company to obtain the entitlement letter required for the claim.
- IEPF-5 e-Filing — Online submission of Form IEPF-5 on the MCA portal along with all supporting documents.
- Physical Document Submission — Sending signed originals to the company's nodal officer.
- Verification by Nodal Officer — Scrutiny and verification report submission by the company to the IEPF Authority.
- Release & Credit — Shares credited to your demat account and unpaid dividends transferred to your bank.
Documents Typically Required
“Are you having difficulty claiming shares from IEPF? Get in touch with us.”