By Admin 
If you or any member of your family ever had shares in a company and they have been unclaimed for years, then now there is a chance to get them back. You can now get your shares and dividend back through the Central Government initiative Investor Education and Protection Fund (IEPF). This system is especially for investors who invested in companies years ago but did not claim it in time.
What is IEPF and why is it needed?
IEPF was established by the Ministry of Corporate Affairs under the Companies Act 2013 and 2016 Refund Rules. When an investor does not claim the dividend on his shares for 7 consecutive years, he is transferred to the dividend and part of it to IEPF. Its purpose is to ensure that the capital of investors is not lost and the real entitled can be returned.
Who can claim share recovery?
The investor can claim to get back the shares from IEPF, his legal heir, nominee or successor. If the claimant is the heir of the deceased investor, then it will be necessary to complete the transmission process from the company first. Also, only one consolidated claim can be made against the same company in the same financial year.
How to claim shares and dividend from IEPF?
1. filling online form (Form IEPF-5)
First of all, go to the MCA website and fill the IEPF-5 form. This includes investor information, company name, dividend and share details, banks and demat account details.
2. Sending the document to the company
After filling the form, send a print copy and other necessary documents to the company’s IEPF Nodal Officer or Registrar. The envelope should be written clearly: “Claim for refund from IEPF Authority”.
Necessary documents include-
IEPF-5 form signed copy
SRN receipt
Indemnity bonds (on stamp paper)
Original share certificate or demat statement
Aadhaar card, cancell check
Dimat client master report
3. Sending report to IEPF by the company
The company has to check the documents within 15 days and send a verification report to IEPF.
4. Final decision and refund by IEPF
When IEPF gets confirmation from the company, it decides within 60 days. On getting approval, the respective shares and dividend are transferred to the investor’s demat account.
Still not late…
If you have any documents related to old investment or the shares were ever taken in the name of any of your family, then check the records today. This can be an opportunity to get your missed money back. IEPF not only protects the rights of investors, but also ensures that unclaimed investment for years reach the real entitlements.
This initiative of the government has brought a sigh of relief for millions of investors. Now there is a need to adopt a little awareness and the correct process. Your old capital can again make your future safe.
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