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 Country
Experience an easy, timely, and hassle-free recovery of unclaimed dividends from IEPF. Claim your unclaimed dividends from IEPF with Enterslice experts.
100000
500
50
REQUEST A CALL BACK
Rated at 4.8/5 22312+ Happy Reviews
Benefits of recovery of unclaimed dividends from IEPF include the following:
Challenges faced during recovery of unclaimed dividends from IEPF include the following:
The list of people who are eligible to apply for recovery of unclaimed dividends from IEPF include:
Various documents are required for recovery of unclaimed dividends from IEPF, some of which include the following:
Some of the businesses where recovery of unclaimed dividends from IEPF is maximum include the following:
As your IEPF unclaimed dividends recovery consultant, Enterslice can help you with the following:
₹5,000+ crore unclaimed dividends await its rightful recovery. At Enterslice, we can help expedite the process!
The recovery of unclaimed dividends from IEPF (Investor Education and Protection Fund) is the process of reclaiming dividends. The process involves reclaiming dividends that remain unclaimed for seven straight years, after which they get transferred to the IEPF.
However, to claim dividends from IEPF, shareholders or their legal heirs must fill out Form IEPF-5 and submit it along with the required documents. It is important to follow the mandated process for seamless recovery, including company and IEPF Authority verification before refunding the amount. The process of IEPF unclaimed dividend is complex, but professional consultants at Enterslice can ensure a hassle-free recovery by simplifying the overall process for you.
Assisting in Recovery of Crores of Unclaimed Dividend
100% Support for Preparing & Verifying Documents
Ensuring Error-free IEPF-5 Filing
Expediting the Process 5X Faster with Regular Follow-ups
Offering Legal Help for Affidavits, Bonds & Succession Claims
Comprehensive Pre-and-post Recovery Services
Claimants may find the process of IEPF unclaimed dividend recovery complicated as it involves various legal formalities, leading to unnecessary delays. However, shareholders or heirs who face challenges, such as documentation and verification issues and long processing time, can contact us to ensure a smooth recovery. Let us understand the challenges involved with the IEPF unclaimed dividend process below:
The process for recovery of unclaimed dividends mandates submitting various documents, including a PAN card, Aadhar card, proof of shareholding, and legal heir certificates. However, discrepancies in the paperwork can lead to delays and, in some cases, rejections. At times, claimants may be asked to adhere to additional verification steps.
The process for recovery of unclaimed dividends is lengthy, where companies and the IEPF Authority scrutinize and validate the claim thoroughly. The process is conducted through a multi-step verification, leading to an extended processing time and making it challenging to recover the funds quickly.
Legal heirs keen on recovering IEPF unclaimed dividends must adhere to the legal requirements to initiate the process. They must provide succession certificates, affidavits, or probate, which is time-consuming and expensive. However, if the inheritance cases are complex, the process may face prolonged delays owing to the case's complexity.
Another challenge faced to claim dividend from IEPF is incorrectly filled forms. Besides, missing documents and signature mismatches also pose a threat of claim rejection. However, rectifying these issues on time by refiling the form can prevent the claim from being outrightly rejected.
One of the biggest challenges in the recovery of unclaimed dividends from IEPF is the lack of awareness on behalf of the shareholders about their unclaimed dividends. While some shareholders are aware of the unclaimed dividends, others are unaware of the recovery process from the IEPF. The inaction on the part of the shareholders leads to delaying the claims and increasing the risk of permanent fund loss.
At Enterslice, our experts help you overcome the challenges as we have done for thousands of investors to date.
Claimants must follow the due procedure for recovery of unclaimed dividends from IEPF. However, they must meet the online and offline requirements, including document submission and verification. The detailed procedure is mentioned below:
The first step in the process for recovery of unclaimed dividends from IEPF is to visit the official portal and apply for claims refund.
The next step for recovery of unclaimed dividends is to download form IEPF-5, and review it thoroughly to initiate the claims process.
Once the IEPF-5 form has been downloaded, it is important to fill out accurate details, such as name, PAN, dividend details, company information, bank account, and Demat account.
Once the form has been filled out, the next step involves uploading the mandatory documents, including PAN, Aadhaar, entitlement letter, cancelled cheque, Demat account details, indemnity bond, and affidavits.
Once the documents are uploaded, submitting the form online to the IEPF Authority and note the SRN acknowledgement is a must. Claimants must print and send the filled-out form along with the attached documents to the company’s Nodal Officer for verification.
The IEPF authority reviews the claim based on the verification report of the company. You may need to submit additional documents if further clarification is required. Visit the IEPF portal to track the status of the claim.
After approval, the IEPF authority transfers the unclaimed dividend amount directly to your registered bank account. You will get an email confirmation regarding the successful transfer.
This process is complex and tiresome. Let our Enterslice experts ease the procedure for you.
Recovery of unclaimed dividends from IEPF is a stepwise process. While the overall process involves different steps, let us take a look at the time taken for each step to be completed.
It takes 1 to 2 days to fill out and submit IEPF-5 form online via the MCA portal along with the required details.
Sending the signed documents to the company’s Nodal Officer for verification takes 7 to 15 days to complete.
Nodal Officer takes 15 to 30 days to review the submitted form and documents, after which he submits an E-Verification Report to IEPF Authority.
The IEPF Authority examines the documents and if required, may request the claimant to submit additional proofs, which takes 60 to 90 days to complete.
Once the IEPF approves the claim, the reclaimed amount takes 15 to 30 days to be transferred to the claimant's bank account.
Claimants are required to submit various documents for the recovery of unclaimed dividends from IEPF, including the following:
Copy of PAN Card
Copy of Aadhar Card Copy or Address Proof
Client Master List (CML) from the Depository
Shareholding Proof - Demat/Physical Share Certificate
Dividend Warrants - If available
Bank Account Proof - Cancelled Cheque/Passbook
Death Certificate - For legal heirs if the shareholder is deceased
Succession Certificate/Will/Probate - If applicable
Indemnity Bond & Affidavit - As per IEPF requirements
Various people are eligible to claim dividend from IEPF, including the original shareholders and their legal heirs. However, claimants must submit the required documents and other valid proofs to prove their claim.
75% Market Share
Network of ROS Experts
Recovered Values in Crores
100% Digital Process
There are many benefits associated with the recovery of unclaimed dividends from IEPF. While the process ensures rightful ownership and financial security, it mandates the shareholders and their legal heirs to adhere to meet the legal compliance associated with the process. Let us explore the benefits of IEPF unclaimed dividend in detail below:
The recovery of unclaimed dividends from IEPF is a process to ensure the dividend is transferred to its rightful owners, including the shareholders or their legal heirs. The method facilitates claimants in claiming unclaimed dividends and prevents the permanent loss of their valuable assets.
Recovery of unclaimed dividends boosts the personal finances of the claimants. Once recovered, it adds to their funds, which, in turn, adds to their savings or can be further used for reinvestment.
Dividends that remain unclaimed for a period of seven years are transferred to the IEPF. However, they can be reclaimed by following the due claims process. But if the claimants fail to claim dividend from IEPF, they can lose their funds permanently. The recovery process prevents irreversible loss.
The process of IEPF unclaimed dividend is in line with the legal and financial regulations of the country. Therefore, claimants who seek recovery of unclaimed dividends from IEPF adhere to the mandated compliance.
Recovery of unclaimed dividends is a process, which helps the claimants recover their unclaimed investment returns. It facilitates them in leveraging the financial benefits and restoring their investment value.
Not just the original shareholders but the legal heirs of deceased shareholders can also reclaim unclaimed dividends, which eases the asset distribution.
Shareholders and their legal heirs can apply for the claims process, but the process is lengthy and complicated. However, seeking professional help from consultants like us can help expedite the claims recovery process, reducing paperwork and procedural delays.
The process of IEPF unclaimed dividend helps shareholders in managing their investments proactively, reducing the risks of unclaimed dividends in the future.
Have a look at the prerequisites for recovery of unclaimed dividends from IEPF-
The recovery of unclaimed dividends from IEPF is important as it ensures the rightful ownership of the original shareholders. Besides, the process to recover dividends from IEPF helps prevent financial loss and restores the investment value. If the unclaimed dividends are not claimed, the shareholders may lose the amount accrued permanently. The shareholder can utilize the accrued dividend amount for reinvestment or to increase their savings.
Legal heirs of deceased shareholders can claim the unclaimed dividends as a part of the assets inherited. While the recovery process ensures the amount reaches its rightful owners, it is complicated and mandates adherence to legal and regulatory requirements. However, if shareholders can take timely actions to claim their dividends, they can prevent the complexity and enjoy a seamless and hassle-free claim process.
Given below are the services for recovery of unclaimed dividends by Enterslice-
Enterslice has more than 10 years of industry experience in the recovery of unclaimed dividends from IEPF. Our dividend recovery consultants have professional expertise and experience in handling the IEPF unclaimed dividend. Let us explore the reasons why we are the most reliable and preferred ROS consulting firm for the recovery of unclaimed dividends from IEPF:
The process to claim dividend from IEPF is complex. While you can apply to reclaim the unclaimed dividends yourself, it is suggested you seek professional help to streamline the recovery process. However, you can claim your unclaimed dividends by filling out IEPF-5 form on the IEPF portal, attaching the required documents, and submitting the form online. You must also send physical copies of the form and documents to the company’s Nodal Officer for verification of your claim.
If claimants fail to claim their dividends for seven consecutive years, the accumulated amount is transferred to the IEPF. Once the dividend is transferred to the IEPF, claimants are required to follow the due process to initiate the claims recovery process from the IEPF. Since the recovery of unclaimed dividends is a complex process, consulting a professional like Enterslice helps ensure a hassle-free recovery of your financial assets.
If claimants fail to claim the dividends for seven straight years, they are transferred to the Investor Education and Protection Fund (IEPF) under Section 124 of the Companies Act, 2013. Once transferred, claimants or their legal heirs must follow the legal procedure to claim their unclaimed dividends from the IEPF by submitting the form, documents and validating their identity.
Claimants are required to submit various documents to claim unclaimed dividends from IEPF, including duly filled out IEPF-5 Form, PAN and Aadhaar card, cancelled cheque and bank Details, and dividend entitlement proof, among others.
The unpaid dividends are held in a separate Unpaid Dividend Account by the company for a period of seven years. If the dividends continue to remain unclaimed during this period, they are transferred to IEPF. Later, the claimants, including the shareholders, must follow the due process to claim their unclaimed dividends from the IEPF.
There are multiple ways to approach the IEPF Authority for recovery of unclaimed dividends, including their official website, helpline numbers, email ID, and office visits. However, the best way to approach the IEPF Authority is through a professional consultant like Enterslice.
If your IEPF-5 claim is rejected, you must rectify the errors, refile your form with accurate details, and submit it along with the missing documents. While you can contact the company’s Nodal Officer for assistance, contacting professional consultants like us is best for handling your case.
Rule 7 of the IEPF (Accounting, Audit, Transfer, and Refund) Rules, 2016 governs the refund process of shares and dividends. Rule 7 outlines the details related to the submission of IEPF-5 along with the verification by the company, and approval by IEPF Authority. Claimants are mandated to comply with these rules to ensure a successful recovery of unclaimed dividends from IEP.
Section 124 of the Companies Act, 2013 mandates companies to transfer unclaimed dividends to a separate Unpaid Dividend Account for seven years. If the unclaimed dividend remains unclaimed during this period, the amount is transferred to the IEPF. Thereafter, shareholders are required to claim their unclaimed dividends from the IEPF by following the IEPF claims recovery process.
You can raise a complaint with the IEPF by visiting their website and registering it in the Grievance Redressal section. However, to ensure speedy redressal, contacting a professional consultant to guide you through the complex process is suggested.
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.
-- Testimonials
“Enterslice use technology better than others. That saves time and money; Team enterslice is more efficient than traditional competitors, and that helps to pass on the cost advantage to its clients. The company is building a high-level transparency in legal services by optimum use of technology and process automation in consulting. I highly recommend this company.”
“Excellent advisory role by Enterslice Team. They are a trusted partners to us. Narendra and his team helped us with our pre NBFC applications and Post NBFC advisory services.”
“Amazing services provided by your organization. They have completed our NBFC registration order within stipulated time period of 90 days. They provide constant guidance and support in the process. Their support in building fintech software is amazing.”
“I chose Enterslice to start my new Indian adventure as entrepreneur, and respect my past experience i was surprised by their professionalism. In particular, Raksha T. followed my startup process, and i was delighted with her support on every moment. Great, great experience.”
“I came to know about Enterslice through a friend. Since then I have done GST Registration through them. The services are consumer centric and fast. I have recommended them to many of my acquaintance already.”
“Great set of people working together. Very customer friendly. I am very satisfied with the food license registration services and will definitely come back for other similar requirements.”
“They provided customized and Highly skilled CA &services. The management invests themselves in your work. They ensured timely NBFC registration and are always ready and prepared with excellent advisory services. The best part of working with Enterslice is they are not having expertise of law but they are well versed with Digital marketing skills &fintech business model.”
“I have registered my Trademark through them. The application was filed within 3 days. And the charges were also very reasonable. We got TM Approved in 6 month’s time without any re-submission or objection. They charge high to deliver the best in industry.”
“I would like to thank the Enterslice team for the excellent business plan made by them. They understood our requirement and gave us exactly what we wanted. Thank you Team Enterslice.”
“Thanks for your services. The team is really professional. They make sure that things are delivered in time. The best part about Enterslice is the consultative approach and guiding us on all our business matters.”
Haiden Group - UAE
Stay updated with all the latest legal updates. Just enter your email address and subscribe for free!
(+91) 9870310368 
(+1) 6292766228