#IEPF consultants

[infinysolution]

How to Utilize IEPF Shares Recovery to Your Advantage

Introduction

In this comprehensive guide, we will explore how to maximize the benefits of IEPF (Investor Education and Protection Fund) shares recovery to your advantage. The IEPF is an initiative by the Government of India to protect investors and ensure that unclaimed dividends and shares are returned to their rightful owners. Understanding how to leverage this opportunity effectively can greatly impact your financial standing and provide you with significant returns.

What are IEPF Shares?

IEPF shares refer to shares that have been transferred to the Investor Education and Protection Fund Authority due to their inactivity for a consecutive period of seven years. These shares belong to investors who have not claimed their dividends or exercised any rights associated with these shares during this period. The Government takes possession of these unclaimed shares and dividends and holds them in the IEPF account.

The Importance of IEPF Shares Recovery

Recovering IEPF shares is a crucial step for investors as it allows them to regain ownership of their dormant shares and claim the dividends they are entitled to. By actively participating in the IEPF shares recovery process, investors can unlock substantial financial gains and strengthen their investment portfolio.

How to Check for Unclaimed IEPF Shares?

The process of checking for unclaimed IEPF shares is relatively straightforward. The Government of India has established an online portal where investors can search for their dormant shares. Follow these steps to check if you have any unclaimed IEPF shares:

Visit the IEPF website (https://iepf.gov.in/IEPFA/refund.html).

Click on the “Search IEPF Refund” tab.

Enter your PAN (Permanent Account Number) or folio number in the designated field.

Complete the captcha verification.

Click on the “Search” button.

If you have any unclaimed IEPF shares, the portal will display the relevant information, including the company name, the number of shares, and the amount of dividend due.

Understanding the IEPF Shares Recovery Process

Once you have identified unclaimed IEPF shares, it is essential to comprehend the IEPF shares recovery process to reclaim your rightful ownership. The following steps outline the process:

Initiate the IEPF Claim application on the IEPF website after conducting the search.

Fill in the required details and upload the necessary documents, such as identity proof, address proof, and bank account details.

After verifying the documents, the IEPF Authority will process your IEPF Claim.

Once approved, the IEPF Authority will transfer the shares back to you, and you will be eligible to IEPF Claim the dividends.

Maximizing the Benefits of IEPF Shares Recovery

Now that you understand the process of IEPF shares recovery, let’s explore how to maximize the benefits of this initiative:

1. Timely Action

The key to gaining maximum advantage from IEPF shares recovery is taking prompt action. As soon as you discover any unclaimed shares, initiate the IEPF Claim application process without delay. The faster you act, the sooner you can regain ownership and access the accumulated dividends.

2. Keep Your Records Updated

Maintaining updated records is crucial when it comes to IEPF shares recovery. Ensure that your personal details and contact information with the companies you invest in are accurate and up to date. This will facilitate a smooth recovery process and prevent any potential delays.

3. Consult with Professionals

If you find the IEPF shares recovery process complex or need expert guidance, consider consulting with financial advisors or investment professionals. Their expertise can prove invaluable in ensuring a seamless recovery and maximizing your overall returns.

4. Diversify Your Investment Portfolio

While recovering IEPF shares is a promising avenue for boosting your financial standing, it is essential to maintain a well-diversified investment portfolio. By spreading your investments across various assets and sectors, you can reduce risk and potentially enhance your overall returns.

5. Reinvest Wisely

Upon receiving the recovered IEPF shares and dividends, consider reinvesting them wisely. Conduct thorough research, analyze market trends, and consult with experts to make informed investment decisions that align with your financial goals.

Conclusion

IEPF shares recovery offers a significant opportunity for investors to unlock dormant assets and reclaim their rightful ownership. By following the outlined steps and maximizing the benefits, you can significantly impact your financial standing and build a stronger investment portfolio.

Take advantage of this initiative, act promptly, keep your records updated, seek professional advice when needed, and diversify your investments wisely. By doing so, you can harness the potential of IEPF shares recovery to your advantage.

Read More Blogs:

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The Ultimate Guide to IEPF and Shares Recovery

[recoveringunclaimedasstes]

IT Portal: Thousands of crores of rupees stuck in unclaimed shares and dividends, IT portal is ready to help

New IT Portal: The government has taken steps to help its investors or legal heirs to reclaim shares and dividends lying unclaimed for years. The Finance Minister announced during the Union Budget 2023 that the government will set up an integrated IT portal for the Investor Education and Protection Fund (IEPF) Authority. Announcing the new portal, the Finance Minister said that this step will strengthen the protection of investors, making it easier for them to claim their unclaimed shares or dividends. Through this portal, the entire financial sector will be made more robust and transparent.

What are unclaimed shares and dividends?There are some companies in the world of stock market which give a share of their profits to their shareholders from time to time. This part received in the form of profit is called dividend. Unclaimed dividend means that the company has paid the dividend but it is yet to be claimed by the shareholders. This can happen due to various reasons like, the shareholder has not updated his address in the records of the company and the dividend has not been received by him or the bank account has not been updated in the records of the company or the shareholder has died. Apart from this, there are many other reasons like non-matching with the name present in the record.

When no one inquires or claims about dividend of shares for seven years, the shares are transferred to Unclaimed Suspense Account and then to IEPF Account. This can also happen due to various reasons like change of address, overseas migration of the investor, death of the investor, loss of share certificates or name mismatch.

Investor Education and Protection Fund (IEPF)The Investor Education and Protection Fund was conceptualized in 2016 by the government under the Ministry of Corporate Affairs to raise awareness among investors about their unclaimed dividends and shares. The primary objective of the government was to prevent misuse of unclaimed shares and to promote and protect the interests of the shareholders. Interestingly, unclaimed dividends worth Rs 5,685 crore have come to the notice of listed companies, which had no claimants or claimants. Similarly 117 crore unclaimed shares have been transferred to IEPF. According to the current market prices, today their value would be around Rs 50,000 crore.

Presently, to get the shares and dividends lying in IEPF, the claimants have to claim online by filling IEPF Form-5. After that the hard copy of the documents has to be submitted to the nodal officer of the concerned company. In this entire process it is necessary to follow up with the company, its Registrar and Transfer Agent (RTA) and IEPF authority. But the difficulties are that the claimants have either clear or non-existent information about this process and documentation. Apart from this, they do not have a single platform to deal with multiple parties and track their claims, due to which they have to face many problems. To ease the process, the IEPF claim Authority has recently introduced a "Consultation Paper on Refund Process in IEPF Authority" to seek feedback and suggestions from all stakeholders and also proposed an Integrated IT Portal for IEPF.

Integrated IT Portal for IEPFThis step of the government to set up this integrated IT portal will further ease the process of re-claiming unclaimed shares and unpaid dividends. Shareholders who have not tracked or claimed their dividends or shares for the last seven years can now visit the IEPF IT portal to see whether their unclaimed shares have been transferred to IEPF. After this, they can claim their shares or dividends directly through the portal by following the prescribed procedure. This will enable investors to check the real-time status of their claims and companies to deal with any discrepancy raised by the government. In addition, there is also a possibility that claims below a certain value may be approved through a direct process.

[shobhit2247]

How to Claim IEPF Shares & IEPF Refund Guidelines

Investor Education and Protection Fund guidelines for collecting overdue amounts and shares (IEPF) and IEPF Claim Shares

The Investor Education and Protection Fund (IEPF), formed by the Central Government under section 125 of the Companies Act, 2013, outlines the idea and method for collecting unpaid payments and shares (the Act). While preparing these guidelines, we only considered dividend and equity share claims; however, under the Act, any person whose shares, unclaimed dividends, matured deposits, matured debentures, application money due for refund, or interest thereon, sale proceeds of fractional shares, redemption proceeds of preference shares, or other property has been transferred to the Fund may claim the shares under the provisions of sub-section (6) of section 124 or apply for a refund under section 124.

Procedure For IEPF claim shares

The person whose name any amount/share has been transferred to the IEPF (shares from iepf) can apply online to the Authority established by the Ministry of Corporate Affairs in Form IEPF-5, which is available on the website www.iepf.gov.in, along with the cost prescribed by the Authority.

The claimant must submit an application in Form IEPF-5, duly signed by him, together with the required papers listed below, to the company's Nodal Officer (iepf claim shares) at its registered office in an envelope labelled "claim for a refund from IEPF Authority" to begin the verification of his claim.

To know more about the transfer of company shares please visit our website muds.co.in IEPF claim shares is a simple process, one can directly consult our team and get more details about the complete process. We are the industry’s best consultants and provide our service across India. We have successfully recovered crores from iepf claim shares.

[legaladvisorr]

Recovery of Shares Firm in India

If you have dismantled shares or you lost physical shares back in the time, there is no need to worry. There are so many recovery of shares firm in India which provides a permanent solution to this problem. So, in this post we will tell you about how to claim dividend.

How to claim dividend on shares in India? 

Step 1. Book your consultation with us. 

Step 2. Send us your complete documents

Step 3. Dividend claimed

In these 3 easy steps you can claim your dividend on shares without any hassle and at low cost. 

How do I find my lost shares? 

The answer is easy, in India we have different consultancies who work really hard to recover your lost shares from iepf. One of India's leading recovery firms is Muds Management. You can find your dismantled shares or lost shares in a small span of time. 

Recovery of shares firms in India are registered and they have qualified a team of CS and CA who can resolve your issue in a few days. 

Services provided by Muds Management are:

Recovery     of lost shares

Transmission     of shares

Recovery     of dismantled shares

Within the last few years, we have recovered more than 10 crore of lost shares all over India. All the happy customers are now enjoying their lost wealth. Dismantled shares are your lost wealth, so recover your share today with us.

[sharesamadhan]

iepf unclaimed dividend

The consultant companies offering facilities like conversion of physical shares to Demat account; appeal for refund of your investment, and other related services are much needed these days. The consultancy service for situations like iepf unclaimed dividend is very useful for people who have very low knowledge about the field and have forgotten their investment for a long time.

[cryptoquicknews-blog]

New Post has been published here https://is.gd/FNqq8Y

Indian Government Again Discussing Ban on Cryptocurrencies: Report

This post was originally published here

The government of India is said to be renewing its efforts to completely outlaw public cryptocurrencies.

A report from The Economic Times on Friday, citing anonymous “government officials aware of details” said that a number of government departments in the country have backed the idea of a complete ban on the issuance and trading of cryptocurrencies.

The Department of Economic Affairs (DEA), Central Board of Direct Taxes, Central Board of Indirect Taxes and Customs and the Investor Education and Protection Fund Authority are all in favor of the ban, the officials said.

A draft bill, dubbed “Banning of Cryptocurrencies and Regulation of Official Digital Currencies Bill 2019,” has also reportedly been shared with certain government departments. While it is not clear what “official digital currencies” refers to, the country’s central bank was previously researching launching a digital rupee.

A final bill, based on feedback from the consulted departments, is expected to be proposed to the next government in May following the national elections, the sources indicate.

The country’s Ministry of Corporate Affairs has reportedly provided feedback to the DEA, arguing that most cryptocurrencies are run as Ponzi schemes to defraud investors. The ministry has, therefore, recommended cryptocurrency-related prosecutions take place under the country’s Prevention of Money laundering Act for the time being, as the introduction of the crypto bill will take some time.

Another piece from the same news source says that the CEO of the Investor Education and Protection Fund (IEPF) Authority, Anurag Agarwal, also said:

“When it comes to investor protection, the IEPFA has to take a stand against certain things. Against Ponzi schemes, we are taking a stand. We think that cryptocurrency is a Ponzi scheme and it should be banned.

India’s decision on the legality of cryptocurrencies has been a long time coming. As far back as April 2017, the government set up an interdisciplinary committee to investigate the issue, which was said to be discussing imposing a ban on “private cryptocurrencies” last October. However, the committee was then not in favor of an outright ban, but was rather considering possibly legalizing cryptocurrencies with tough rules attached.

Until a final decision is made, the country’s crypto industry is in limbo. Since last year, banks in India have been barred by the central bank – the Reserve Bank of India – from serving cryptocurrency firms and exchanges.

Since then a number of exchanges have filed legal petitions to overturn the RBI ban, and the matter is slowly passing through the Indian supreme court, which has delayed announcing the decision several times while it awaits an opinion from the government. The next hearing is scheduled to take place in July.

Indian parliament image via Shutterstock

#crypto #cryptocurrency #btc #xrp #litecoin #altcoin #money #currency #finance #news #alts #hodl #coindesk #cointelegraph #dollar #bitcoin View the website

New Post has been published here https://is.gd/FNqq8Y

[infinysolution]

IEPF and nuances of recovering lost shares

Many of us are in desperate need of assistance in reclaiming lost shares, debt instruments, profits, unit trust, deposits, and other assets that were never delivered to us. Many of us wonder, "How can I find an unclaimed dividend?" since we've misplaced, misdirected, or neglected our certificates and information.

Recovering such advantages is a difficult undertaking since we lack understanding of the entire process that must be followed in order to recover them successfully.

What do you mean by Investor Education and Protection Fund?

Have you heard of the Investor Education and Protection Fund? Are you familiar with what it does and how it works? Do you understand how it aids in the recovery of unclaimed funds?

For the uninitiated, it stands for Investment Sector and Protection Fund. The Department of Internal Audit established this Fund, which is funded through abandoned shares, earnings, deposits, debentures, and other assets. The IEPF is overseen by a trust, which uses money that has been unused for more than seven years. Unclaimed dividends are transferred to the IEPF after seven years by the company's nodal or transfer officer.

Is it possible for a shareholder to reclaim unclaimed shares?

Yes, a stakeholder can recover any such payment from the IEPF because the IEPF shares recovery and keeps track of all accounts. The aforementioned can be accomplished by following the recommended method and submitting a properly filled out form along with the needed papers.

Any person whose unclaimed shares, unclaimed dividends, fully mature deposits, matured preferred stock, implementation fees due for reimbursement, or interest thereon, proceeds from the sale of fractional shares, and proceeds from the redemption of share capital, or other property has been transacted to the amount may recover the shares under the provision of section 124, as the particular instance may be.

Step 1: Prior to claiming shares, the communication method with the business in question must be completed, after which a petition for these kind of shares may be presented.

Step two: The website's E-Form IEPF-5 should be downloaded, filled out entirely, and then posted. This form requests all relevant details on the unused investment..

Step 3: Following the submission of the form, the claimant must transmit copies of all essential papers to the Department Manager of the impacted business.

Step 4: The company must send an affirmation to the Authority within 15 days of obtaining the claim form.

Step 5: The applicant must verify his or her eligibility after receiving all necessary documentation.

It is evident from reading the foregoing approach to recover shares moved to IEPF that this is a complicated process. Because the shares are so old, the IEPF's fund manager performs a thorough review of the reimbursement application, including documents. 

As a result, the odds of an application being rejected due to a minor mistake or absent document are increased. This is when the help of a reputable financial and legal consulting firm could come in handy for the dematerialisation of shares.

[click2watch]

Indian Government Again Discussing Ban on Cryptocurrencies: Report

The government of India is said to be renewing its efforts to completely outlaw public cryptocurrencies.

A report from The Economic Times on Friday, citing anonymous “government officials aware of details” said that a number of government departments in the country have backed the idea of a complete ban on the issuance and trading of cryptocurrencies.

The Department of Economic Affairs (DEA), Central Board of Direct Taxes, Central Board of Indirect Taxes and Customs and the Investor Education and Protection Fund Authority are all in favor of the ban, the officials said.

A draft bill, dubbed “Banning of Cryptocurrencies and Regulation of Official Digital Currencies Bill 2019,” has also reportedly been shared with certain government departments. While it is not clear what “official digital currencies” refers to, the country’s central bank was previously researching launching a digital rupee.

A final bill, based on feedback from the consulted departments, is expected to be proposed to the next government in May following the national elections, the sources indicate.

The country’s Ministry of Corporate Affairs has reportedly provided feedback to the DEA, arguing that most cryptocurrencies are run as Ponzi schemes to defraud investors. The ministry has, therefore, recommended cryptocurrency-related prosecutions take place under the country’s Prevention of Money laundering Act for the time being, as the introduction of the crypto bill will take some time.

Another piece from the same news source says that the CEO of the Investor Education and Protection Fund (IEPF) Authority, Anurag Agarwal, also said:

“When it comes to investor protection, the IEPFA has to take a stand against certain things. Against Ponzi schemes, we are taking a stand. We think that cryptocurrency is a Ponzi scheme and it should be banned.

India’s decision on the legality of cryptocurrencies has been a long time coming. As far back as April 2017, the government set up an interdisciplinary committee to investigate the issue, which was said to be discussing imposing a ban on “private cryptocurrencies” last October. However, the committee was then not in favor of an outright ban, but was rather considering possibly legalizing cryptocurrencies with tough rules attached.

Until a final decision is made, the country’s crypto industry is in limbo. Since last year, banks in India have been barred by the central bank – the Reserve Bank of India – from serving cryptocurrency firms and exchanges.

Since then a number of exchanges have filed legal petitions to overturn the RBI ban, and the matter is slowly passing through the Indian supreme court, which has delayed announcing the decision several times while it awaits an opinion from the government. The next hearing is scheduled to take place in July.

Indian parliament image via Shutterstock

This news post is collected from CoinDesk

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The post Indian Government Again Discussing Ban on Cryptocurrencies: Report appeared first on Click 2 Watch.

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[capitalexperts12-blog]

IEPF Claims Shares is a process that promotes investor education, protection fund and security Recently, the Indian government has decided to take such shares in which dividends and corporate benefits were unclaimed in the last seven years.

[capitalexperts12-blog]

IEPF Share Claim Consultants

The IEPF is very important for investors. Capital Experts provides you IEPF Share Claim Consultants which give a platform for promoting awareness of such investors