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 held safely so that investors can claim them even after a certain period, the number of affected investors is not small. MC Finnzon offers dedicated services to help recover these unclaimed benefits.
Three Common Causes
1. Non-execution of Transmission
Legal successors fail to transmit shares after an investor's death, leaving all corporate benefits — dividends, bonuses, rights — unclaimed year after year. We help complete the transmission and reclaim every pending dividend.
2. Outdated Records
Incorrect or outdated details of a shareholder in the company's records. Non-intimation of change of address or bank details causes database mismatches — cheques get returned, ECS credits bounce, and dividends pile up. We synchronise records across the company, RTA and depository participant.
3. Non-execution of Transfer
Purchased shares remain under the seller's name because the transfer documentation was never completed. All subsequent dividends go to the seller (or lapse). We locate and complete the transfer chain so future dividends flow to you.
What We Do
- Company-Wise Trace — Cross-reference your name/PAN across all RTAs to find every dividend owed.
- Record Correction — Update address, bank, KYC and signature records so future dividends land correctly.
- Reclamation — Recover past unpaid dividends up to 7 years (before IEPF transfer). For IEPF-transferred amounts, see our IEPF Claims service.
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