Direct Tax
Consulting
ESG Advisory
Indirect Tax
Growth Advisory
Internal Audit
BFSI Audit
Industry Audit
Valuation
RBI Services
SEBI Services
IRDA Registration
AML Advisory
IBC Services
Recovery of Shares
NBFC Compliance
IRDA Compliance
Finance & Accounts
Payroll Compliance Services
HR Outsourcing
LPO
Fractional CFO
General Legal
Corporate Law
Debt Recovery
Select Your Location
Have you ever thought about what an investment made decades ago would be, at present, as a fortune? For instance, if your father or grandfather invested Rs. 10,000 in Eicher Motors in the early 1990s, what would today the value of that investment be? Over Rs. 2 Crores!
Most investors forget such investments, and the dividends of these shares remain unclaimed for many years. Well, in case dividends go unclaimed for seven years, they get transferred to the Investor Education and Protection Fund (IEPF). But the good news is, you can recover these unclaimed dividends and shares by following a well-defined process.
Eicher Motors Limited, incorporated in India in 1982, is a major participant in the automobile sector of the country. The company manufactures the famed Royal Enfield motorcycles, commercial vehicles, and auto spare parts. The company was listed in 1982 and has grown from just a few hundred sales to thousands over the years.
One of the main developments in the history of Eicher Motors was a stock split in August 2020. Each share of Rs. 10 was split into 10 shares of Rs. 1, thus making it available to retail investors. Over the decades, its stock price has multiplied many times, giving an average annual growth of 32%.
Here is an example to understand its growth:
Because of such an immense growth history, you need to check whether you or your family has any unclaimed shares and dividends in Eicher Motors.
There are many reasons as to why dividends remain unclaimed:
Thus, to avoid unclaimed dividends remaining with companies forever, the Indian government created the Investor Education and Protection Fund (IEPF).
The IEPF Authority, an arm of the Ministry of Corporate Affairs, is holding unclaimed dividends and shares until the right owner claims it. According to the law, the companies have to transfer such undistributed dividends for a period of seven continuous years along with all the corresponding shares to the IEPF.
The procedure goes as follows-Issue of Dividend and Claim: Under the Companies Act, 2013,
The company would have declared a dividend. It will give to the investors a cut-off time of 30 days for claiming it, and if it is unclaimed, the company shall transfer it to the Unpaid Dividend Account.
After seven years, the unclaimed dividend, along with the related shares, shall be transferred to the IEPF. These funds can be reclaimed by investors or their legal heirs by applying to the IEPF Authority.
Eicher Motors has consistently rewarded its shareholders with dividends. The table below highlights its impressive dividend history:
(For a complete list, visit Eicher Motor Official Website)
To see if your Eicher Motors dividends were transferred to the IEPF, follow these simple steps:
If the dividends of Eicher Motors have been transferred to the IEPF, then to claim them, the following steps should be followed:
Step 1: Check for an unclaimed dividend status
Step 2: Fill the IEPF-5 Form
Step 3: Submitting Documents to Nodal Officer of Eicher Motors
Send the following documents by registered post:
Step 4: Verification by Eicher Motors
Step 5: Approval and Refund by IEPF Authority
Once verified, the IEPF Authority will transfer:
The whole procedure of recovery of unclaimed dividends from IEPF usually lasts 60 days from the date of verification.
Claiming dividends from IEPF may be done independently by any investor; however, this can take time and requires technical expertise. Why hire a professional service from Enterslice? Here are some points to consider:
Eicher Motors alone has been a great company in generating wealth; it has appreciated significantly over time, especially because of its iconic Royal Enfield motorcycles, besides the phenomenal growth of the automobile industry. Yet, several investors have gone amiss or lost track of their shares as well as dividends for reasons like loss of certificates, change of home address, or mere neglect of small investments.
After a lapse of seven years, these unclaimed dividends and shares find their way into the coffers of the Investor Education and Protection Fund (IEPF); yet, the government has put in place a nice procedure through which to reclaim them. It consists of checking for unclaimed dividends, completing the IEPF-5 form with accompanying documents, and liaising with the investor relations team of Eicher Motors; however, this process could go on for some time, making it complexity-studded.
Professional help when it comes to procedural assistance of this form by Enterslice ensures accuracy, speeds up claims, and advocates on legal matters, thus making easier recovery of the fairly owned funds. Given that stocks of Eicher Motors inherit value so much, it is the best opportunity to reclaim forgotten capital that could buy crores today before they lose it forever.
To get expert assistance in recovery of unclaimed dividends of Eicher Motors Limited, visit https://enterslice.com/.
Unclaimed dividends mean dividends that were declared by Eicher Motors Limited yet were never collected by the shareholders. Such unclaimed dividends shall be transferred to the Investor Education and Protection Fund seven years after the date they were declared, where the shareholders or heirs can still lay claim to them.
To fill the Form IEPF- Form the claimant should first download Form IEPF-5 from the IEPF website. It requires particulars such as the name, PAN, Aadhaar, folio number, demat account number, and amount of unclaimed dividend. Generate an OTP to verify your particulars and submit the form for commencing the claim process.
For claiming the unclaimed dividends of Eicher Motors, a signed copy of Form IEPF-5, self-attested copies of PAN and Aadhaar, original dividend warrants (if any), and bank account details will have to be sent to the Nodal officer of Eicher Motors. This will commence the process for subsidiary verification and onward submission to IEPF.
The claim process for dividends payable by Eicher Motors usually takes around 60 days from the date of verification. Once the claim is verified by the nodal officer of the company, it goes on to the IEPF Authority, which works on the refund and credits the shares or dividends into your bank/demat account.
To dematerialize Eicher Motors' physical shares, you should approach your depository participant (DP). The DP will assist you with the procedure to surrender the physical share certificates for dematerialization. The shares can be claimed whenever any unclaimed dividends or shares have been initiated via IEPF.
Yes, if the original shareholder is dead, legal heirs can claim unclaimed dividends from Eicher Motors. The heirs must submit the documents such as a legal heir certificate, the death certificate of the deceased shareholder, and Form IEPF-5, duly filled in. After verification, the claim will be processed, and the dividends will go to the heirs.
In the IEPF claim process, Eicher Motors verifies the details submitted to the Claimants, checks the genuineness of the documents, and forwards the claim to the IEPF Authority. The company works on the lines of a facilitator in this process for the submission of all required documents after due verification before passing the claim to the IEPF.
The IEPF Authority administers unclaimed dividends and shares that companies, such as Eicher Motors, transfer to it. After the application has been made, the IEPF Authority verifies the details. After a thorough verification and approval process, it transfers the dividend or shares to the bank or demat account of the rightful claimant.
For claiming unclaimed dividends of Eicher Motors, Form IEPF-5 (duly filled), self-attested copies of PAN and Aadhaar, the original dividend warrant (if available), and bank account details need to be submitted. Send these documents by post to the company and designate the nodal officer for verification and processing, as stated.
No, a lawyer is not a necessity for claiming unclaimed dividends from Eicher Motors. It might be helpful, however, to have an attorney or professional service, like for inheritance issues or several claimants, if some legal problems arise.
Yes, you can claim unclaimed dividends from Eicher Motors even if you reside abroad. You need to file your claim online through the IEPF portal with documents including PAN, Aadhaar, and your bank account details. Make sure the documents are attested if needed for overseas claims.
Yes, claiming unclaimed dividends from Eicher Motors has tax implications. Normally, these dividends are considered income for the year of receipt. It may be required to be taxed as per current tax laws if the claimed amount exceeds your total income.
Hong Kong is widely recognized as a leading global business hub, known for its free-market econ...
With India’s growing economy, Non-Banking Financial Companies (NBFCs) have expanded significa...
With the rise of digitalization, the global cryptocurrency market is expanding at an unpreceden...
Non-Banking Finance Companies (NBFCs) are an integral part of India's financial system as they...
Why choose Brazil? Brazil is one of the fastest-emerging economies, the 10th largest economy in...
Are you human?: 9 + 8 =
Easy Payment Options Available No Spam. No Sharing. 100% Confidentiality
Bharti Airtel Ltd. is among the leading telecommunication companies to cause change in communication and connectivi...
18 Mar, 2025
In the world of investment, unclaimed shares are a chronic problem that might have serious repercussions for both s...
29 May, 2024
9870310368 
8860712800