Posts

How to Caim IEPF Refund?

Image
The fact is that many people tend to lose their money, shares or dividends to frauds or scams. You may wonder what happens to such unclaimed dividends! Perhaps, your parents or grandparents has invested some amount something you are not wary about. In such a case how will you find and claim the same! This blog can guide you to move in the right direction and claim what is rightfully yours.  IEPF It stands for Investor Education Protection Fund Authority that is under the control of the Corporate Affairs Ministry, Government of India. The government has established this body, where al unclaimed amount is transferred. Following a certain procedure allows investors to claim back their amount. But the question is how do you know if you have some amount and claim it the legal way? How should you search for unpaid, unclaimed amounts? The first step to take to derive iepf refund is to identify if you have any unclaimed amount or not. IEPF provides a facility that allows investors to identify
Post a Comment
Read more

Recovery Of Unclaimed Dividend Transfer To IEPF

Image
As per the Accounting, Audit, Transfer, and Refund Rules, 2016, companies must provide information about their unclaimed dividend. The rule deals with the transfer and refund of dividends. A host of reasons are responsible for the emergence of this kind of situation. Some of them include the shareholder's death, address change, and loss of dividend warrant. Gain an insight When a company earns a surplus, it distributes a proportion of its profits to its shareholders as a dividend. The quality and quantity to be declared are decided by the Board of Directors.  • Know the differences The declaration may take place in the form of a final or interim dividend. The interim dividend is announced before the finalization of accounts, whereas the final dividend is paid after the finalization of accounts. The payment is made at a pre-determined rate. An unpaid dividend refers to the dividend announced but not yet paid to the stockholders. Unclaimed dividend refers to the dividend paid but not
Post a Comment
Read more

Essential information on how to claim IEPF refund

Image
  Perhaps it has come to your mind regarding what will be the fate of those unclaimed shares, dividends, or any cash which you have lost in frauds or scams. Maybe your parents or grandparents have already made some investments regarding which you are not mindful. How would it be possible for you to reclaim it after finding it out? The answer to this question will be the Investor Education Protection Fund Authority which has been established by the Indian government. All the unclaimed cash will become transferred to this body, and it is possible for the investors to claim an unclaimed dividend transfer to IEPF by following a particular process. What is transferred to IEPF? Something that has not been claimed for as many as seven years will be transferred to the IEPF, and below, we have provided some examples. •             The application money that the companies receive for allotting any securities. •             Unclaimed shares that have been lying for many years in Demat
Post a Comment
Location: New Delhi, Delhi, India
Read more

Some basic information on unclaimed dividend transfer to IEPF

Image
  There are many people out there who need to reclaim any shares, dividends, debentures, deposits, and mutual funds that never reach them. They have ended up losing or misplacing their documents and certificates or they might have completely forgotten about them. In this case, a question might arise on how to find any unclaimed dividend. It can be a difficult task to regain these types of benefits since most of us do not have adequate knowledge of the procedure that has to be performed. What exactly is IEPF? IEPF (Investor Education and Protection Fund) is meant to promote the investors’ interests in the country. Any dividend which is unclaimed or unpaid for 7 years from the transfer date to a special account will be transferred to IEPF along with interest. Which amount is transferred to IEPF? Unclaimed dividend transfer to IEPF  consists of the following: • The amount in the companies’ unpaid dividend account which remains unclaimed or unpaid for 7 years • Matured deposits with organi
Post a Comment
Location: South Extension, Block F, South Extension I, New Delhi, Delhi, India
Read more

Is there any benefit to convert physical shares to demat?

Image
Those who want to directly benefit from a thriving economy, often invest in the stock market. Apart from shares, they invest their hard-earned money in a mutual fund, commodities, bonds, and so on. People are using the economic expansion of a country to make some money for years. But, with the advent of the internet, even stocks are being dematerialized. Nowadays, physical share certificates are no longer in vogue. They have been replaced with electronic dematerialized shares. Still today, there are plenty of physical share certificates which have not been converted to their electronic form.  Is there any benefit to converting physical shares to Demat ? Yes, there are many. Let's discuss those benefits in detail through the following points.  Convenience- The online Demat account helps you to buy and sell shares pretty easily. You just need to have a proper internet connection at your home with a good quality smartphone or laptop. If you convert the physical share certificates to e
Post a Comment
Location: South Extension, Block B, South Extension II, New Delhi, Delhi 110049, India
Read more

Top Benefits of Transferring Shares To Demat Account

Image
The securities watchdog Securities and Exchange Board of India(SEBI), had come up with a resolution regarding the exchanges and securities of commodities in 2018. It was regarding the transfer of securities from physical share transfer to Demat account . This is referred to as dematerialization. It is related to commodities and has been undertaken in this resolution. People investing in commodities and securities will get online verification and documents.   No physical hardcopy of the document varying their purchase of the related commodity would be sent. This has been introduced to eliminate the issue of transferring the securities to some other person. A hard copy of the documents of the commodities often delays the transfer of the commodities in case of sale or purchase of the same. Check out the benefits of transferring the commodities to the Demat account ●        Convenient to Track Since all the transfers of commodities would be recorded online, it would be convenient t
Post a Comment
Location: South Extension, Block F, South Extension I, New Delhi, Delhi, India
Read more

IEPF Share Transfer: How To Claim Transferred Share

Image
When all shares of any company or shareholder remain unclaimed and not encashed for the long seven consecutive years or more, that company has to transfer those properties to the Investor Education and Protection Fund or IEPF. The government of India established the organization of IEPF. We will discuss the procedure for claiming any transferred shares in this blog. If you are interested in the share market or are a businessman, you may find this blog useful. Let's discuss!   ●        Procedure Of The Shareholders or Claimant Some steps need to be followed by the claimant for an IEPF refund . Those steps are: Step 1: You must open a Demat Account with NSD/CDSL. When IEPF releases your shares, they will release them in your Demat Account. Step 2: Go to the official website of IEPF and download the IEPF-5 form. Step 3: Fill out the entire form carefully and submit it as per the instruction on the website. Step 4: If you successfully upl
Post a Comment
Location: South Extension, South Extension II, New Delhi, Delhi 110049, India
Read more