Share Samadhan

  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 dividen...

  convert physical shares to demat, iepf refund   In case you have unused physical share certificates in your residence then this article is for you. According to the order of the market regulator SEBI (Securities and Exchange Board of India), it is only possible for the shares in the electronic format to be transferred or sold at the stock markets. However, it is imperative to convert physical shares to demat for trading them. The procedure of converting the physical shares into electronic form is known as dematerialization. Here, you must bear in mind that only the active shares of a company can be converted. Benefits of dematerialized shares Below, we have mentioned some advantages offered by dematerialized shares for the investors. •             Accessibility – Every single share record will be held online and electronically. In this way, you will be able to access dematerialized shares anytime anywhere...

  physical shares to demat, convert physical shares to demat   Are you planning to take a leap in your career as an investor? You must open a demat account and surrender all your physical shares for that.  But in this process, what you need is the guidance of leading service providers who offer financial expertise and suggestions about the required procedures that you will need to follow. Once you surrender the shares, the official process convert physical shares to demat which automatically enters your demat account which you can use as an investor to spread your business. Investors unwilling to dematerialise their share cannot hold them back as per their wish. Only the non-promoter investors can do this, depending on the situation.  Reasons why you need a demat account? These days, demat accounts have become necessary for investors to proceed in the industry. There are some definite reasons behind this conversion, they are-  If you are a retail in...

  Have you ever forgotten where you have invested, and when is the maturity date? Individuals, as well as companies, sometimes forget about their investments in different bank accounts. The situation leads to unclaimed amounts at different banks; and other financial organizations. For clearing the clutter, the bank sent these unclaimed amounts into a separate bank account. The liable person can claim for the same dividend within the coming 7 years. But after that, you cannot claim straight from the bank according to the policy of the Ministry of Corporate Affairs; the unclaimed dividend transfer to IEPF .  Significance of IEPF IEPF or Investor Education and Protection Fund is created by the Ministry of Corporate Affairs to make people aware of their investments in some scheme at a bank or other financial organizations. If the person has lost the paper or has changed location, or is not alive anymore, the banks wait for 7 years and transfer the amount to this authority. You can...

  You must have heard the name of IEPF or the Investors Education and Protection Fund, an establishment, under the authority of the Ministry of Corporate Affairs, Government of India. This organization works to collect the amount of investment or shares that stay unclaimed for more than 7 years. Some people do exist who may have missed the maturity of their investment and bank and other financial organizations send the money after years of no claim to IEPF. When you finally remember the investment, you need to communicate with the organization to get the amount back. You need to take help from an iepf consultant on this matter.  Why do you need to communicate with IEPF? You will not compromise the investment you have done once. What you can do is consult some expert professional companies who help you to submit your appeal for the refund to the organization. For that, you need to fulfill some criteria, like filling forms and submitting documents along with your identity. You...