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Showing posts from May, 2022

A Comprehensive Breakdown of the Steps Needed To File an IEPF Refund Successfully

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  According to IEPF Rules, any individual whose unclaimed or underpaid money and shares have been assigned by the Business to IEPF may file an IEPF refund promptly from the IEPF Authority by submitting an online application in form IEPF.   Unclaimed Shares are Transferred to the IEPF. A company must transfer shares to the IEPF, together with any accumulated interest, if the dividends are still not collected or received for more than 7 years. The company must notify the IEPF Authority of any such transfer. A shareholder can reclaim outstanding shares transferred to the IEPF by applying to the IEPF Authority, which keeps track of all accounts.   IEPF Form The statement of monies moved or refunded to the Investor Education and Protection Fund (IFPF) in a certain period is called Form IEPF. Any payment that a corporation has to deposit to the IEPF must be submitted electronically together with Form No.IEPF-1, according to IEPF guidelines. The money must be transferred using fo