Direct Tax Services
Audit
Consulting
ESG Advisory
RBI Services
SEBI Services
IRDA Registration
FEMA Advisory
Compliances
IBC Services
VCFO Services
Growing
Developing
ME-1
ME-2
EU-1
EU-2
SE
Others
Select Your Location
IEPF means Investor Education and Protection Fund, a fund founded by the Indian government under the Companies Act 2013[1] to promote investor awareness and protect the interests of investors.Suppose in a company, and the shares have been transferred to the IEPF due to non-communication or non-compliance with company rules for a certain period. In that case, shareholders can claim these shares by following a specific process.To claim the shares from IEPF, the shareholder must first check if they can claim them by visiting the IEPF website and checking the list of eligible shareholders. If eligible, download the IEPF-5 form from the IEPF website and fill it out with accurate and up-to-date information, including the details, bank details, and the shares the shareholders claim. The shareholder must also attach all the required documents, such as proof of address, identity, proof of ownership of shares, and any other relevant documents specified in the form.
After completing the form and the shareholder attaching all the required documents, they submit them to the nearest IEPF regional office within the specified timeline. After verifying the details and documents, the IEPF authority will transfer the shares to the shareholder demat account or issue a refund of the value of the shares.
It is important to note that claiming shares from IEPF can be time-consuming and may require legal assistance in some cases. Therefore, professional help or guidance from a chartered accountant or company secretary is advisable to ensure a smooth and hassle-free claim process.
Table of Contents
The objective of providing a guide on how to claim shares from IEPF is to help shareholders who have had their shares transferred to the IEPF due to non-compliance with company rules to understand the process of claiming their shares. By providing a step-by-step process, this guide aims to help eligible shareholders claim their shares from the IEPF in a timely and efficient manner and also to increase awareness of the IEPF and its role in protecting the interests of investors. This guide also highlights the importance of following the correct procedure and submitting accurate and up-to-date information and documents to ensure a smooth and hassle-free claim process. This guide aims to empower shareholders with the knowledge and information they need to claim their shares from the IEPF and protect their investment interests.
To claim shares from IEPF, the shareholder needs to follow these steps:
In conclusion, claiming shares from IEPF can be a complex process, but by following the steps outlined in this guide, eligible shareholders can successfully claim their shares from the fund. It is important to check eligibility, download the IEPF-5 form, fill it out accurately, attach all the required documents, and submit the form and documents to the nearest IEPF regional office within the specified timeline. After the verification process, the IEPF authority will transfer the shares to the shareholder’s demat account or issue a refund of the value of the shares. It is advisable to seek professional help or guidance from a chartered accountant or a company secretary to ensure a smooth and hassle-free claim process. By following the correct procedure and submitting accurate information and documents, shareholders can protect their investment interests and increase awareness of the IEPF and its role in protecting the interests of investors.
Also Read: What is the Process for Claiming Back Shares from Investor Education and Protection Fund (IEPF) Suspense Account?
Minakshi Bindhani has completed LL.M. with a specialization in Criminal Law from Madhusudan Law University, Cuttack, Odisha. She is more inclined toward legal research and writing and have prior experience in Civil and Criminal litigation and content writing.
Many investors use fixed deposits as their primary investment vehicle. Investors with a high-ri...
The main idea of CDS, which was initially to give banks a way to transfer credit exposure, has...
Black money has been the subject of heated political debate in India for a long time. Successiv...
The Apex Court pronounced a judgement in the case titled Tata Motors Vs The Brihan Mumbai Elect...
Since economies are moving towards digitalisation and making it feasible to conduct transaction...
The Alternative Investment Funds (AIFs) Pro-rata and Pari-Passu Rights Proposal Consultation Pa...
The Financial Action Task Force, i.e. FATF (the Force), is the global money laundering and terr...
Advance tax refers to the payment of the tax liability before the end of the relevant financia...
On 11.12.15, the Hon’ble Delhi High Court (HC) pronounced a landmark judgement in the case ti...
Money laundering can be defined as the process of illegal concealment of the origin of money ob...
Are you human?: 8 + 4 =
Easy Payment Options Available No Spam. No Sharing. 100% Confidentiality
Recovery of shares in a company that entitles shareholders to certain rights, such as voting, receiving dividends,...
13 Apr, 2023
Investing in stocks or shares allows individuals to grow their wealth over time. One of the benefits of owning stoc...
06 Apr, 2023
Red Herring Top 100 Asia enlists outstanding entrepreneurs and promising companies. It selects the award winners from approximately 2000 privately financed companies each year in the Asia. Since 1996, Red Herring has kept tabs on these up-and-comers. Red Herring editors were among the first to recognize that companies such as Google, Facebook, Kakao, Alibaba, Twitter, Rakuten, Salesforce.com, Xiaomi and YouTube would change the way we live and work.
Researchers have found out that organization using new technologies in their accounting and tax have better productivity as compared to those using the traditional methods. Complying with the recent technological trends in the accounting industry, Enterslice was formed to focus on the emerging start up companies and bring innovation in their traditional Chartered Accountants & Legal profession services, disrupt traditional Chartered Accountants practice mechanism & Lawyers.
Stay updated with all the latest legal updates. Just enter your email address and subscribe for free!
Chat on Whatsapp
Hey I'm Suman. Let's Talk!