Recovery of lost shares

Share claim from IEPF

Recovery of Dividends

Transmission of shares

Dematerialisation of physical shares

Recovery of shares after Death

Name Deletion/ Name Correction

Issue of duplicate shares

Share claim from IEPF

What is IEPF?

The Investor Education and Protection Fund (IEPF) was established by the Central Government to safeguard investors’ interests and raise awareness about financial matters. Created under Section 125 of the Companies Act of 2013, the IEPF collects unpaid or unclaimed funds from investors and utilizes these resources for various objectives outlined in the Act.

Reason behind Unclaimed Dividends

Address Change

Death of a shareholder

Expiry of Dividend Warrants

Change of Banks Details

Dispute over Ownership of Shares

Transmission of shares

SERVICES PROVIDED IN THE TRANSMISSION OF SHARES:

Transmission of Shares Upon Death: Facilitating the transfer of shares from the deceased shareholder's name to the legal heirs or nominees, based on the provided succession documents.

Verification of Legal Heirship Assisting in the process of verifying and establishing the rightful legal heirs through legal documents, such as a probate, will, or succession certificate.

Transfer of Shares Upon Marriage/Divorce: Facilitating the transmission of shares in cases of marriage, divorce, or change in the name of a shareholder due to legal reasons.

Updating of Shareholder Records: Updating the company’s shareholder register and Demat accounts after the completion of the transmission process to reflect the new owner.

No Objection Certificates (NOC): Providing necessary NOCs or approvals from relevant parties when required for completing the transmission process.

Recovery of shares after Death

SERVICES PROVIDED RECOVERY OF SHARES AFTER DEATH:

Recovery of shares after death : Facilitating the transfer of shares from the deceased shareholder's name to the legal heirs or nominees, based on the provided succession documents.

Recovery of shares after death in Case of Incompetency: Assisting in the transfer of shares when a shareholder becomes mentally incapacitated, to a legal guardian or representative.

Issue of New Share Certificates: Issuing new share certificates in the name of the legal heir or nominee after the successful Recovery of shares after death.

Name Deletion/ Name Correction

SERVICES PROVIDED IN THE NAME DELETION OR CORRECTION OF SHARES:

Verification of Request for Name Correction or Deletion: Assisting in verifying the shareholder's request to correct or delete names in share certificates or Demat accounts, ensuring all legal and procedural requirements are met.

Filing of Request Form: Helping the shareholder complete the necessary forms for name correction or deletion (e.g., Name Correction Request Form, Transfer Deletion Form).

Legal Documentation: Ensuring that legal documents, such as marriage certificates, affidavits, or court orders, are provided to justify the change or deletion of the name.

Reissuance of Corrected Share Certificates: Once the correction or deletion is approved, assisting in the issuance of new share certificates reflecting the corrected name, or updating the Demat account records.

Issue of duplicate shares

SERVICES PROVIDED IN THE ISSUE OF DUPLICATE SHARES:

Filing of a Request for Duplicate Share Certificate: Assisting in submitting a formal request to the company or its Registrar and Transfer Agent (RTA) for issuing a duplicate share certificate in case the original is lost, damaged, or destroyed.

Verification of Ownership: Verifying the shareholder's details and confirming ownership to prevent fraudulent claims before issuing a duplicate share certificate.

Notification of Duplicate Issuance: Notifying the shareholder when the duplicate share certificate has been issued and sent, ensuring they are aware of the new certificate's details.

Affidavit and Newspaper Advertisement: Assisting in preparing the affidavit and placing a public notice in the newspaper (if necessary) to alert the public of the lost share certificate and to prevent fraud.

Updating Shareholder Records: Ensuring that the shareholder's records in the company’s books and the depository (if applicable) are updated to reflect the issuance of a duplicate certificate.

LOST N UNLISTED ZONE

In the early days of investing, people used physical share certificates. When investors bought shares or debentures, they received these in paper form. However, keeping these paper certificates safe was a challenge. They could easily get lost, damaged, or worn out. For example, moving from one place to another could result in misplaced certificates, or over time, they could just wear down and become unusable.

At Lost n Unlisted Zone

We know how frustrating it can be to deal with unclaimed shares in physical form. Our mission is to help you recover lost or unlisted shares so that you can access your investments without worry. Don’t let the problems of physical certificates hold you back—let us assist you in reclaiming your financial assets easily!