#a company can issue duplicate share certificate

[infinysolution]

Tips to Find a Lost Share Certificate and What to Do Next

Every company that issues capital has to give a share certificate to show the owners of the shares. It is duly stamped and signed by the director or by the authorized person under the common seal of the company. The number of shares purchased, the certificate number, the shareholder’s name, and address, the company’s name, and address, and many other details are listed on the share certificate.

You should keep your share certificate safe because it serves as the initial proof that you are the owner of the company share. The misplacement or loss of the share certificate will affect you financially, as you will not have any proof of the ownership of the shares. If you have also misplaced or lost your share certificate, there is no need to worry because the company issues a duplicate certificate. The company can issue duplicate share certificates only when:

The original document should be proven lost.

The original certificate that got damaged or torn, should be handed over to the company.

Steps that should be taken when the share certificate is lost or misplaced

Steps to be taken by a shareholder

The following actions should be taken right away by a shareholder if the share certificate gets lost or misplaced.

You need to notify the company right once if your share certificate is missing or lost.

You can either write the corporation an email or send them a letter at their address to let them know about this.

You must share the details of the lost share certificate like name, address, share certificate number, and folio number with the company.

Steps to be taken by the company

The following actions should be taken by the corporation when any shareholder informs them that they have lost or misplaced their share certificate.

To stop any fraudulent transfers, the corporation shall suspend share transfers for 30 days after receiving the complaint.

The corporation is required to inform the shareholder of the next steps in the process of issuing a duplicate share certificate after the shareholder’s identity has been verified.

Documents needed to issue a duplicate share certificate

For issuing the duplicate share capital, you need the following documents.

Create a bond agreement for indemnification on non-judicial stamp paper.

Purchase an Rs. 100 non-judicial stamp paper in order to create an affidavit.

Report the loss of the share certificate by filing an F.I.R. at the police station with the following details:

The share certificate includes the name.

Your Share Certificate Number.

The number of shares that you have purchased.

Your share certificate lists your Folio number.

4. Your proof of identity and residence.

5. Advertisement published in a newspaper on the lost share certificate.

Procedure to Issue Duplicate Share Certificate

You must follow the following steps in order to issue the duplicate share certificate.

The first step that the shareholder has to do is to make an application to issue the duplicate share certificate. With that also attach the documents required with the shareholder’s signature and send them to the company.

As the company will receive the shareholder’s application, they will start the process for the issue of the duplicate share certificate.

The company will decide in its board meeting about the issue of the duplicate share certificate. While making the decision, the Board has to look into the following matters:

For the issue of duplicate share certificates, the Board will take the fees but it should not exceed Rs. 50 per share certificate.

When issuing the share certificate, the Board should take the expenses into consideration if they are greater than what is necessary to investigate the shareholder’s evidence.

4. After the board decides to issue the duplicate share certificate, the company inspects all the documents provided by the shareholder. And then issues the duplicate share certificate to the shareholder.

5. Within 45 days of receiving the paperwork, the listed company must issue a duplicate share certificate.

6. The unlisted firm must issue the duplicate share certificate within three months of receipt of the supporting papers.

7. As soon as the duplicate share certificate is issued to the shareholder, it should be recorded in Form SH-2’s “Register of Renewed and Duplicate Share Certificate”.

8. The issued duplicate share certificate should contain the line “Duplicate issued in lieu of Share Certificate No….” In this sentence, the word “duplicate” should be stamped or printed in bold block letters on the share certificate.

9. The Register of Renewed and Duplicate Share Certificates should be kept by the company at their registered office; it can also be kept by anybody with board member approval, such as the company secretary.

Conclusion

If you have lost your share certificate, then immediately take action against it and get a duplicate share certificate issued from the company. There are many reliable firms, with the help of which you can pass the inspections of companies. The process of getting a duplicate share certificate requires knowledge of various acts, forms, rules, and regulations, which you will get from good legal and financial firms. For more such pieces of information, visit our website.

[technologylawyersinvietnam]

How to Establish a Joint-Stock Company in Vietnam?

How to Establish a Joint-Stock Company in Vietnam?

In addition to limited liability companies, partnerships, and private enterprises, joint-stock companies are recognized by Vietnamese law. When a Vietnam authority issues a Certificate of Business Registration, a joint-stock company gains legal status. Consult with corporate lawyers in Vietnam to learn about the advantages of various company formations in Vietnam for the owner's efficient management and goals.

As per the meaning of the Law on Undertakings, a business entity is a venture whose sanction capital is separated into two halves called shares. A joint-stock company can have individuals or organizations as its shareholders; the minimum number of shareholders is three. Since there is no maximum number of shareholders, the company will be able to easily expand its operations on a larger scale. In addition, shareholders will only be responsible for the company's debts and other property obligations up to the amount of capital contributed. Due to the level of risk that shareholders must bear, this is an advantage of this type of business. Specifically, business entities reserve the privilege to give offers, bonds and different protections to raise capital, which is a component that different kinds of organizations don't have.

The owner of a business in Vietnam has the option of submitting a set of documents to the Business Registration Office where the intended head office is located on their own or by authorizing another individual, organization, or law firm in Vietnam to do so. These documents include:

1.An application for enterprise registration;

2.The company’s charter;

3.List of founding shareholders and list of shareholders being foreign investors;

4.Copies of the following papers:

a) Legal papers of the individual for the legal representative of the enterprise;

b) Personal legal papers for company members, founding shareholders, shareholders being foreign investors who are individuals; Legal papers of the organization for members, founding shareholders, shareholders being foreign investors being organizations; Legal documents of individuals for authorized representatives of members, founding shareholders, shareholders being foreign investors being organizations and documents on appointment of authorized representatives.

For individuals and investors being unfamiliar associations, duplicates of lawful papers of the association should be authenticated and consularly sanctioned in Vietnam; The owner of a business in Vietnam has the option of submitting a set of documents to the Business Registration Office where the intended head office is located on their own or by authorizing another individual, organization, or law firm to do so. These documents include:

c)Investment registration certificate, in case the enterprise is established or participated in the establishment by a foreign investor or a foreign-invested economic organization in accordance with the provisions of the Investment Law and other legal documents; implementation manual.

The Business Registration Office will process the application within three working days of receiving it.

ANT Lawyers could assist you in establishing a joint-stock company in Vietnam with their highly skilled staff and extensive experience in foreign investment.

[iso-certification-training]

Integrating ISO 45001 Certification with Other Management Systems in Dubai

Introduction

In the competitive business landscape of Dubai, companies are increasingly recognizing the value of integrating various management systems to streamline operations and enhance overall efficiency. ISO 45001, the international standard for occupational health and safety management systems (OHSMS), is a critical component for ensuring workplace safety. However, when integrated with other management systems such as ISO 9001 (Quality Management) or ISO 14001 (Environmental Management), the benefits can be even more significant. This blog explores how Dubai-based organizations can effectively integrate ISO 45001 Certification in Dubai with other management systems to achieve comprehensive operational excellence.

1. Understanding ISO 45001

ISO 45001 Certification in Dubai provides a framework for organizations to manage occupational health and safety risks and improve workplace safety. Key elements include:

Risk Identification and Management: Systematic processes to identify and address health and safety risks.

Legal Compliance: Ensuring adherence to local and international safety regulations.

Employee Involvement: Encouraging participation and consultation with employees on safety matters.

Continuous Improvement: Regularly evaluating and improving safety performance.

2. Overview of Commonly Integrated Management Systems

A. ISO 9001: Quality Management System (QMS) ISO 9001 focuses on ensuring consistent quality in products and services through a structured quality management framework. Key principles include customer focus, process management, and continual improvement.

B. ISO 14001: Environmental Management System (EMS) ISO 14001 aims at reducing environmental impact and ensuring compliance with environmental regulations. It involves environmental risk assessment, resource management, and waste reduction strategies.

C. Other Relevant Standards Depending on the industry, integration may also involve standards like ISO 50001 (Energy Management) or ISO 27001 (Information Security Management).

3. Benefits of Integrating ISO 45001 with Other Management Systems

A. Streamlined Processes

Integration allows for the harmonization of processes across different management systems, reducing duplication and improving efficiency. For example, a unified approach to risk management can address both safety and quality issues simultaneously.

B. Enhanced Compliance

Combining ISO 45001 with other standards helps ensure compliance with multiple regulatory requirements through a single integrated system, making it easier to manage and document compliance across different areas.

C. Improved Risk Management

Integrated systems provide a holistic view of risks, enabling better identification and management of potential issues that affect quality, safety, and environmental performance.

D. Cost Efficiency

By streamlining audits, documentation, and reporting processes, integration can reduce administrative and operational costs. A single audit can cover multiple standards, saving time and resources.

4. Steps to Integrate ISO 45001 with Other Management Systems

A. Assess Existing Systems

Begin by evaluating your current management systems and identifying areas of overlap and potential synergies between ISO 45001 and other standards.

B. Develop a Unified Framework

Create a unified management framework that aligns ISO 45001 requirements with those of other standards. This involves integrating policies, procedures, and processes to ensure consistency across systems.

C. Engage Stakeholders

Involve key stakeholders from different departments to ensure that the integrated system addresses the needs and concerns of all relevant parties. Their input is crucial for successful implementation.

D. Implement Integration Strategies

Adopt integration strategies such as common objectives, shared procedures, and combined audits. For example, integrate safety procedures into quality management processes to ensure that health and safety considerations are part of the quality control framework.

E. Monitor and Review

Regularly monitor the effectiveness of the integrated system and conduct reviews to identify areas for improvement. Adjust the system as needed to address evolving requirements and challenges.

5. Challenges and Solutions

A. Complexity of Integration

Integrating multiple management systems can be complex. Simplify the process by using standardized documentation and common tools to manage different aspects of the systems.

B. Resistance to Change

Employees may resist changes to established procedures. Address this by providing training and clear communication about the benefits of integration.

C. Maintaining Compliance

Ensure ongoing compliance by keeping up-to-date with changes in standards and regulations. Regular internal audits and management reviews can help maintain compliance across integrated systems.

6. Conclusion

Integrating ISO 45001 Certification in Dubai with other management systems such as ISO 9001 and ISO 14001 offers significant advantages for Dubai-based businesses, including improved efficiency, enhanced compliance, and cost savings. By adopting a strategic approach to integration, organizations can create a cohesive management framework that supports overall operational excellence and drives continuous improvement.

[recoveringunclaimedasstes]

What if I lose my physical shares, how to share recover?

What if I lose my physical shares, how to share recover ?

If you lose your physical shares, there are two ways to recover them:

Apply for duplicate share certificates. You can contact the company or registrar of the shares you hold and apply for duplicate share certificates. You will need to provide them with proof of your identity and ownership of the shares, as well as a police report if the shares were lost in a theft. The company or registrar will then issue you with new share certificates.

Claim the shares from the Investor Education and Protection Fund (IEPF). If the shares have been inactive for a certain period of time, they may be transferred to the IEPF. You can then claim the shares from the IEPF by submitting a claim form and providing the necessary documentation.

The following are the documents you need to submit to recover your lost physical shares:

Affidavit: This is a sworn statement that you have lost your share certificates.

Indemnity bond:This is a document that guarantees that you will not hold the company or registrar responsible if the shares are not recovered.

C This is a copy of the police report you filed when you lost your shopy of police report:are certificates.

Advertisement: You need to publish an advertisement in a newspaper stating that you have lost your share certificates.

Once you have submitted the required documents, the company or registrar will verify your identity and ownership of the shares. If everything is in order, they will issue you with new share certificates.

If the shares have been transferred to the IEPF, you will need to submit a claim form to the IEPF. The claim form can be found on the IEPF website. You will need to provide the following information on the claim form:

Your name and contact details

The company whose shares you are claiming

The number of shares you are claiming

The date on which the shares were lost

The reason why the shares were lost

Once you have submitted the claim form, the IEPF will investigate your claim. If the claim is approved, the IEPF will issue you with a payment order. You can then take the payment order to your bank and collect the money.

[niketanagarwal-blog]

The Evolution and Significance of Opening Demat Accounts in Modern Investing

Investing has come a long way from the traditional method of physical share certificates. With the advent of technology, investors now have access to seamless and efficient trading platforms, making investing more convenient and accessible. One key component that has revolutionized modern investing is the dematerialized account, commonly known as a Demat account. This article delves into the evolution and significance of opening Demat accounts in the modern investing landscape.

The Evolution of Demat Accounts

Before the introduction of Demat accounts, investors had to hold physical certificates representing their ownership of shares. This process was cumbersome, time-consuming, and prone to risks such as loss, theft, and forgery. Recognizing the need for a more efficient system, the Indian stock market introduced the concept of Demat accounts in 1996, marking a significant shift in the investing landscape.

Demat accounts revolutionized the way securities are held and traded. They provide a digital format for holding and transacting in securities, eliminating the need for physical certificates. Securities such as shares, bonds, mutual funds, and government securities are converted into electronic form and stored in the Demat account. This transformation made the entire trading process faster, secure, and more transparent.

Significance of Opening Demat Accounts

Convenience and Accessibility: Opening a Demat account has made investing in the stock market more accessible to a wider range of individuals. Investors can now trade online through various platforms and mobile applications, offering convenience and flexibility. Transactions can be executed with just a few clicks, eliminating the need for physical presence and paperwork.

Safety and Security: Demat accounts provide a secure environment for holding and trading securities. The risk of theft, loss, or damage to physical share certificates is eliminated. Furthermore, the chances of fraudulent activities, such as duplicate certificates or forged signatures, are significantly reduced, enhancing investor confidence in the market.

Easy Portfolio Management: Demat accounts enable investors to consolidate their investments in a single platform. This simplifies portfolio management by providing a comprehensive view of holdings, transactions, and valuation. Investors can easily monitor their investments, track performance, and make informed decisions based on real-time data.

Seamless Transfer and Settlement: Demat accounts have streamlined the process of transferring securities. Previously, transferring shares involved a lengthy and cumbersome procedure, often taking several weeks to complete. With Demat accounts, the transfer of securities is seamless and efficient, ensuring faster settlement and reducing transaction costs.

Corporate Benefits: Companies issue various corporate actions such as dividends, bonuses, and rights issues. Demat accounts allow investors to receive these benefits directly into their accounts, eliminating the need for physical paperwork. This not only simplifies the process but also ensures timely and accurate distribution of corporate benefits.

Easier Loan Collateral: Demat accounts provide a valuable asset for investors who wish to avail of loans against their securities. Financial institutions consider Demat accounts as collateral, allowing investors to unlock the value of their investments without liquidating them.

Integration with Other Financial Products: Demat accounts have expanded beyond equities. Investors can now hold other financial products such as mutual funds, bonds, and exchange-traded funds (ETFs) within their Demat accounts. This integration offers a holistic investment experience and allows investors to diversify their portfolios effectively.

Conclusion

Opening Demat account has become an essential step for individuals interested in modern investing. The evolution of Demat accounts has transformed the investing landscape, making it more convenient, secure, and accessible. The digitalization of securities has eliminated many challenges associated with physical share certificates and paved the way for seamless transactions, easy portfolio management, and integration with various financial products. As the investing world continues to evolve, Demat accounts will

[disputeattorneysinhanoi]

How to Establish a Joint-Stock Company in Vietnam?

How to Establish a Joint-Stock Company in Vietnam?

In addition to limited liability companies, partnerships, and private enterprises, joint-stock companies are recognized by Vietnamese law. When a Vietnam authority issues a Certificate of Business Registration, a joint-stock company gains legal status. Consult with corporate lawyers in Vietnam to learn about the advantages of various company formations in Vietnam for the owner's efficient management and goals.

As per the meaning of the Law on Undertakings, a business entity is a venture whose sanction capital is separated into two halves called shares. A joint-stock company can have individuals or organizations as its shareholders; the minimum number of shareholders is three. Since there is no maximum number of shareholders, the company will be able to easily expand its operations on a larger scale. In addition, shareholders will only be responsible for the company's debts and other property obligations up to the amount of capital contributed. Due to the level of risk that shareholders must bear, this is an advantage of this type of business. Specifically, business entities reserve the privilege to give offers, bonds and different protections to raise capital, which is a component that different kinds of organizations don't have.

The owner of a business in Vietnam has the option of submitting a set of documents to the Business Registration Office where the intended head office is located on their own or by authorizing another individual, organization, or law firm in Vietnam to do so. These documents include:

1.An application for enterprise registration;

2.The company’s charter;

3.List of founding shareholders and list of shareholders being foreign investors;

4.Copies of the following papers:

a) Legal papers of the individual for the legal representative of the enterprise;

b) Personal legal papers for company members, founding shareholders, shareholders being foreign investors who are individuals; Legal papers of the organization for members, founding shareholders, shareholders being foreign investors being organizations; Legal documents of individuals for authorized representatives of members, founding shareholders, shareholders being foreign investors being organizations and documents on appointment of authorized representatives.

For individuals and investors being unfamiliar associations, duplicates of lawful papers of the association should be authenticated and consularly sanctioned in Vietnam; The owner of a business in Vietnam has the option of submitting a set of documents to the Business Registration Office where the intended head office is located on their own or by authorizing another individual, organization, or law firm to do so. These documents include:

c)Investment registration certificate, in case the enterprise is established or participated in the establishment by a foreign investor or a foreign-invested economic organization in accordance with the provisions of the Investment Law and other legal documents; implementation manual.

The Business Registration Office will process the application within three working days of receiving it.

ANT Lawyers could assist you in establishing a joint-stock company in Vietnam with their highly skilled staff and extensive experience in foreign investment.

[vietnamlawyers]

How to Establish a Joint-Stock Company in Vietnam?

How to Establish a Joint-Stock Company in Vietnam?

In addition to limited liability companies, partnerships, and private enterprises, joint-stock companies are recognized by Vietnamese law. When a Vietnam authority issues a Certificate of Business Registration, a joint-stock company gains legal status. Consult with corporate lawyers in Vietnam to learn about the advantages of various company formations in Vietnam for the owner's efficient management and goals.

As per the meaning of the Law on Undertakings, a business entity is a venture whose sanction capital is separated into two halves called shares. A joint-stock company can have individuals or organizations as its shareholders; the minimum number of shareholders is three. Since there is no maximum number of shareholders, the company will be able to easily expand its operations on a larger scale. In addition, shareholders will only be responsible for the company's debts and other property obligations up to the amount of capital contributed. Due to the level of risk that shareholders must bear, this is an advantage of this type of business. Specifically, business entities reserve the privilege to give offers, bonds and different protections to raise capital, which is a component that different kinds of organizations don't have.

The owner of a business in Vietnam has the option of submitting a set of documents to the Business Registration Office where the intended head office is located on their own or by authorizing another individual, organization, or law firm in Vietnam to do so. These documents include:

1.An application for enterprise registration;

2.The company’s charter;

3.List of founding shareholders and list of shareholders being foreign investors;

4.Copies of the following papers:

a) Legal papers of the individual for the legal representative of the enterprise;

b) Personal legal papers for company members, founding shareholders, shareholders being foreign investors who are individuals; Legal papers of the organization for members, founding shareholders, shareholders being foreign investors being organizations; Legal documents of individuals for authorized representatives of members, founding shareholders, shareholders being foreign investors being organizations and documents on appointment of authorized representatives.

For individuals and investors being unfamiliar associations, duplicates of lawful papers of the association should be authenticated and consularly sanctioned in Vietnam; The owner of a business in Vietnam has the option of submitting a set of documents to the Business Registration Office where the intended head office is located on their own or by authorizing another individual, organization, or law firm to do so. These documents include:

c)Investment registration certificate, in case the enterprise is established or participated in the establishment by a foreign investor or a foreign-invested economic organization in accordance with the provisions of the Investment Law and other legal documents; implementation manual.

The Business Registration Office will process the application within three working days of receiving it.

ANT Lawyers could assist you in establishing a joint-stock company in Vietnam with their highly skilled staff and extensive experience in foreign investment.

[businesslawyersinvietnam]

How to Establish a Joint-Stock Company in Vietnam?

How to Establish a Joint-Stock Company in Vietnam?

In addition to limited liability companies, partnerships, and private enterprises, joint-stock companies are recognized by Vietnamese law. When a Vietnam authority issues a Certificate of Business Registration, a joint-stock company gains legal status. Consult with corporate lawyers in Vietnam to learn about the advantages of various company formations in Vietnam for the owner's efficient management and goals.

As per the meaning of the Law on Undertakings, a business entity is a venture whose sanction capital is separated into two halves called shares. A joint-stock company can have individuals or organizations as its shareholders; the minimum number of shareholders is three. Since there is no maximum number of shareholders, the company will be able to easily expand its operations on a larger scale. In addition, shareholders will only be responsible for the company's debts and other property obligations up to the amount of capital contributed. Due to the level of risk that shareholders must bear, this is an advantage of this type of business. Specifically, business entities reserve the privilege to give offers, bonds and different protections to raise capital, which is a component that different kinds of organizations don't have.

The owner of a business in Vietnam has the option of submitting a set of documents to the Business Registration Office where the intended head office is located on their own or by authorizing another individual, organization, or law firm in Vietnam to do so. These documents include:

1.An application for enterprise registration;

2.The company’s charter;

3.List of founding shareholders and list of shareholders being foreign investors;

4.Copies of the following papers:

a) Legal papers of the individual for the legal representative of the enterprise;

b) Personal legal papers for company members, founding shareholders, shareholders being foreign investors who are individuals; Legal papers of the organization for members, founding shareholders, shareholders being foreign investors being organizations; Legal documents of individuals for authorized representatives of members, founding shareholders, shareholders being foreign investors being organizations and documents on appointment of authorized representatives.

For individuals and investors being unfamiliar associations, duplicates of lawful papers of the association should be authenticated and consularly sanctioned in Vietnam; The owner of a business in Vietnam has the option of submitting a set of documents to the Business Registration Office where the intended head office is located on their own or by authorizing another individual, organization, or law firm to do so. These documents include:

c)Investment registration certificate, in case the enterprise is established or participated in the establishment by a foreign investor or a foreign-invested economic organization in accordance with the provisions of the Investment Law and other legal documents; implementation manual.

The Business Registration Office will process the application within three working days of receiving it.

ANT Lawyers could assist you in establishing a joint-stock company in Vietnam with their highly skilled staff and extensive experience in foreign investment.

[al0nika]

How to apply for a Private Limited Company Registration in Pune?

There are several procedures to follow to create a corporation in Pune. Certain documents are required to be provided, and the appropriate forms have to be provided before the MCA. If there is no issue there are no issues, the RoC reviews the documents and grants a Certificate of Incorporation.

Pune is the heart of IT as well as other service sectors. It is a great location to start a new business, and is the ideal location for entrepreneurs to begin their new ventures. In the end, many Company Registration in Pune occurs each day. There are numerous types of corporate entities private limited companies are the ones most often registered.

What's the significance of a Private Limited company?

Private limited companies are a type of privately owned small corporate company in which the responsibility of the owners is limited to the amount of their shares. The company is only allowed to have 200 or less shareholders and shares can't be traded in a public market.

The Mandatory Documents must be submitted to be submitted for Company Incorporation within Pune

The following are the essential documents required for the formation of a company in Pune:

Documents required by the Directors/Shareholders

Identification card: PAN Card Aadhaar Card, ID of the voter

Documentation of the address (Electricity bills/This week's bank statement)

Passport photo with director's signature

Documents to be used by the registered office

NOC certificate(form the landowner)

Rental agreement (if you are renting the house let)

Address document (electricity bills/Bank statements of the latest)

Steps to complete the Company registration process Pune

A few of the most important actions to follow for the process of registering a company to be completed in Pune:

Approval for the company name: the name of the business must be unique and should not duplicate the name of another company. The chosen name must be presented to the MCA to be approved. A RUN (Reserve Unique Name) web-based service provided by the MCA is a way to determine the availability of the name.

Application for Digital Signature Certificate: The applicant must make an application in order to get to obtain the Digital Signature Certificate (DSC). Every director and shareholder must be current with a DSC. A DSC is vital since every form has to be digitally signed through MCA's portal. MCA portal.

Incorporating Company: online), MOA (Memorandum of Association), AOA (Articles of Association) and so on.

Certificate of Incorporation: This certificate of Incorporation is issued when it is confirmed by the RoC (Registrar of Corporations) has checked the documents which have been submitted. In the Certificate of Incorporation the name of the company along with the registered address as well as the CIN number are included (Corporate Identification Number). In addition to issuance of certificates of incorporation the PAN and the TAN (Tax Deduction Number) is also issued.

Opening an account at a bank: After obtaining the certificate of incorporation, an account with a bank must be opened. Prior to opening the account, the bank must verify that the Certificate of Incorporation is valid, MoA, AoA, as well as other vital details. Before the company can begin the business, all capital paid up is required to be deposited in the bank.

Alonika team will assist clients with Private Limited company registration in Pune with reasonable cost.

[infinysolution]

The Magic Box Of Long-term Investments

The era of the 1980’s was a BOOM BANG in the Indian Share market where one after another an IPO was knocking the door of investors. The time was seen as no less than OPPORTUNISTIC!!

Retail investors, brokers, sub brokers & bookies -everyone saw a golden chance and invested in the share market wholeheartedly. Through friends, relatives, neighbors, colleagues, anyone would come to know about the next talked about IPO and would fill his form to be a cake piece owner of a dream company – to the extent that for many shares trading became their secondary business. But as they say, “Days do not remain the same ” the scam of 1990 brought down the riding bull & with it lay strewn the hopes of thousands of investors into bits & pieces.

When hope breaks anger vents. People were just not bearish but shattered enough not to believe in the return of Bull. Some locked their share certificates in dark rooms and some even went to the extent to tear them & burn these deemed to be worthless papers to ashes. Innocent & unaware that these pieces of paper even when torn were secured for them under the umbrella of Govt. guidelines, the Companies Act & its bylaws which has always been prioritized to keep the interest of retail investors.

And today even if these shares certificates are lost or mutilated, the rights & bonus on them are unclaimed and the dividends on these have remained unpaid for years, these lost shares, unclaimed dividends along with all other benefits accruing are locked unharmed in a safety deposit, a magic box under the custody of our Government waiting for the rightful beneficiary -that heartbroken investor or his heir to claim it back and yes to claim a big multiple of the initial investment!! A couple of thousands invested in companies like HDFC Bank, Reliance, Bajaj, Avanti Feeds etc., who were not night – by- flyers are gold (amount in lacs) to its investors.

WHERE TO LOCATE YOUR MAGIC BOX?

Pursuant to Section 124(6) of the Companies Act 2013 read with Investor Education & Protection Fund (IEPF) Authority (Accounting, Audit, Transfer and Refund) Rules 2016 as amended from time to time, the shares in respect of which dividend is remaining unclaimed for a period of seven consecutive years shall be transferred to the IEPF Account established by the Central Government with NSDL (IEPF Account No. IN30070810656671).

 The claimant can claim the shares from IEPF Authority by filing form IEPF-5 along with requisite documents as prescribed by the IEPF Authority. Pursuant to these guidelines, companies are transferring chunks and chunks of shares liable to be transferred to the above account under safe Government guidelines, to protect the interest of their investors. And here is where you find your magic- treasure – box.

LET’s MAKE THE TREASURE HUNT SIMPLER

So, what if you are not in possession of documents relating to your holdings? What if you vaguely just remember a few names you or your family might have invested in? What if since then you have changed your residence a number of times?  We, at Infiny Solutions have you sorted. Starting from tracking your investments to updation of your KYCs, running through the procedure of issue of duplicate shares and claiming of unclaimed dividends to claim of shares from IEPF to your demat account we shall have you covered step by step. All we need is a few details of the investor and that is enough to track back your valuable investments and retrieve them for you.

Blog Source :- https://infinysolutions.com/the-magic-box-of-long-term-investments/

claim of shares from IEPF, IEPF, Indian Stock Market, Infiny Solutions, IPO, Long Term Investments

[xkzanova]

Rumored Buzz On Apostille Services for Oman

If you want any help in receiving your files, please Call us and let's understand how we will let you.

The greatest challenge from the apostille method is definitely the exclusive document and Secretary of Condition or Point out Dept prerequisites just one need to fulfill before the document is valid for apostille. Purposeful cookies support to execute particular functionalities like sharing the content of the website on social media marketing platforms, acquire feedbacks, and also other third-party options. Functionality Efficiency An Apostille is issued as an attachment and will validate the authenticity of your respective document towards the overseas entity that you are necessary to present your doc to. One particular Supply Procedure offers typical and expedited apostille and legalization services. "I very own a little company and had to legalize Certificates of Free of charge Sale required inside of a foreign region. I'd no idea wherever to begin with this method and contacted International Apostille for enable." Boris Gorinshteyn, Little small business owner We also use 3rd-party cookies that support us evaluate and understand how you utilize this Internet site. These cookies might be saved as part of your browser only with all your consent. You even have the choice to decide-out of those cookies. But opting from A few of these cookies could have an effect on your searching experience. Totally free choose-up and drop service in India only. We have been not able to pick up document from overseas or shipping at overseas, Courier services are charged and that is based on the courier support’s costs. Efficiency cookies are applied to understand and evaluate The real key functionality indexes of the website which can help in delivering an even better consumer practical experience with the people. Analytics Analytics These Apostille Services for Oman international locations are generally known as the customers of your Hague Apostille Convention. In accordance with the Convention, it is required that any document issued to the territory of 1 country shall be authenticated so as to be regarded and accepted Out of the country member from the Hague Convention. Functional cookies assistance to accomplish specific functionalities like sharing the written content of the web site on social media marketing platforms, obtain feedbacks, and also other third-celebration characteristics. Efficiency Efficiency A loaded stronghold in the Middle East, Oman has become the wealthiest nations in the world. With a lot of its revenue produced from petroleum items, Oman has major importance while in the OPEC. Apostille course of action isn't the exact same for all certificates. It differs from Each individual certificates and it is dependent on which region the certificates was issued from. Apostilization of files might be a complicated course of action. Typically, you have got to receive an unique, Qualified duplicate with the document you are needed to apostille. Apostille is really a legalization course of action in which a designated individual will verifies and confirms the document and attest using a seal or signature. The Apostille has only six months validity, right after six months Apostille attestation will expire. By Apostille attestation your document might be more secure and Risk-free. Countries that are not Element of Hague convention arrives below attestation.

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A Quick Overview to Taking an Invention to Market

If you are an inventor or supplier of a new product, competitors can be a major problem. For this factor, I am often asked just how to secure an invention or new product from being stolen or "knocked off."

In my experience, the response to the competitive challenges is to develop a technique based upon the objectives for the invention, the certain product itself, and the approach to be taken.

Developers take one of two major techniques to make cash with their invention: certifying the invention to one more business or ending up being a maker themselves. I will first talk concerning the technique for a licensing strategy.

Before describing some strategic options, I need to discuss that the magnitude of worry of revealing others an invention at this phase is typically overblown. In my experience, a business will seldom rip off an invention at this phase. The majority of item firms, including those inclined to knock-off items, have lots of brand-new products underway at any type of given time. They are focused on ending up and also launching the stockpile. In a lot of cases where "burglary" is assumed, it is likely a plain coincidence. I am frequently offered extremely comparable suggestions from individuals who can not have an understanding of each other.

I ought to likewise deal with points I have made somewhere else regarding patents and also nondisclosure agreements. They are devices that can be useful, however generally, they're far much less powerful and effective by themselves in the real world of affordable consumer products than most inventors as well as lots of experts believe them to be. You can also check out InventHelp Commercials for more information and advice

Please note: I am not an attorney, as well as while I will attend to several of the legal devices made use of in this procedure, this is based on my very own experience and also should not be taken into consideration legal advice.

Method for the Licensing Technique

When licensing an invention, the main purpose is to develop the assumptions with the business you are approaching to license your item that your invention would be of value to them and also it remains in their benefit to enter into a lawful licensing agreement with you as well as pay you for it as opposed to just replicating it and also claiming "thank you for the pointer."

Here are several ways to create the assumption of value:

A prototype that plainly illustrates the functionality, creativity, and also utility of the invention is a valuable, if not vital, tool. Although these people check out items daily, the effect of being able to hold and also try a new item vs. describing it or revealing an illustration is significant.

Provide details. Product groups at companies, especially little or midsize companies, are putting on several, several hats. This is, after all, one-factor inventors can be useful to them. When an item supervisor advocates for launching a new product, being geared up with crucial market information that sustains his choice can drastically raise his dedication to an invention. Market research can have a significant impact. As well as by this I suggest info concerning security problems as well as competitive products, and also beneficial market statistics or stats they may not have considered to be appropriate. And we like it when creators have real focus group information from the core target customers.

While this may seem secondary, based on the first-hand experience, I can state that for firms that have licensed products before, the assumption of the creator and also exactly how easy (or challenging) they believe it would be to function with them is an actual element. As many service masters have claimed, people do organization with people they like.

As soon as the worth of the invention has been established, it's important to be clear that to protect the civil liberties to take this product to market, the possible licensing partner will require to implement a licensing agreement. In licensing negotiations, intellectual property security, or at least the look of defense, is typically important, regardless of the intrinsic weaknesses I discussed above.

Discover and understand the offered options from a certified expert. While practically it is possible to create and submit intellectual property filings oneself, I advise using a qualified and registered patent attorney or representative. There are nuances in using language, as well as leveraging and using IP law is hard to pick up from the ground up.

In this procedure, the most essential phrase I can think about is "patent pending." Having the ability to provide your item as patent-pending includes in the regarded worth and it shares a warning (" We better not replicate this or we can get filed a claim against"). So file what you can to be able to properly compose "patent pending" on your sell sheet, prototype, website, calling card, as well as anywhere your product, will be shown.

Depending on the intricacy and also the attorney or patent agent's prices, having a utility patent prepared and submitted by a specialist can set you back thousands of dollars. Nevertheless, if you think licensing to be a sensible method, having been issued a practical energy patent, or having one in process, is a beneficial device in this situation.

If filing an energy patent promptly is not an option, there are various other means to achieve patent-pending conditions. Probably the fastest and also least pricey method is to submit a provisionary patent application. A "provisional" never, in fact, becomes a patent but works as a place-holder (or date-holder) for when, as well as if, you do file a patent.

A developer has twelve months from the date a "provisionary" is submitted to then file the utility patent application. Along with having the ability to utilize words "patent pending" throughout this period, it additionally supplies time to find a licensing companion. At this juncture, several options exist:

As soon as a partner has been found, the utility patent can after that be filed.

The "provisionary" can be licensed as part of the negotiation-- as well as the worry to file the utility patent.

The licensee might license the "provisionary" and also discover they are content to continue without the energy patent as any type of variety of current products does not have licenses.

The technique for the Manufacturing Approach

Most of these actions can be taken if the technique is to take a product to market. Nonetheless, the thoughtful technique will be various.

When taking the item to market, there is no need to produce the "assumption" of value with an additional supplier. Actually, in this method, the assumption should be made that once the product has begun to amass a meaningful market share, rivals will take notice. As well as considering that licensing the invention is not the main objective, safeguarding IP to produce a property to certificate additionally has less importance. Consequently, the protective approach in this technique is mosting likely to be made to hinder the competition's capacity to duplicate you by enhancing the danger as well as price-- regarded or actual-- of knocking you off. This will get priceless preparation for the market. So the method is to use whatever lawful devices are offered-- as well as cost-justified-- to create obstacles to being duplicated and also to win with marketing.

While some creations are patentable, in my experience, the patentability of an invention is frequently uncertain. I have often consulted with creators that invested the majority of their offered capital on their patent applications to locate that the result was either a declined application or a substantially narrowed-down, less-useful version of their initial application; this is why numerous product companies don't also trouble with patents. That same cash is made use of to create an excellent product and also to win at marketing. You can also follow InventHelp Linkedin

If the cost/benefit of declaring and preserving an energy patent is suspicious, then it may be useful to submit a provisional patent application at a fraction of the cost of a patent. This will certainly delay the need to submit an actual patent for twelve-month, which might or may not be the chosen path, and provides 12 months' lead time with the capacity to make use of the caution of "patent pending" on packaging throughout this period.

A hallmark can be asserted by just beginning to use the ™ after the brand name as well as item name (done by typing "tm" between parenthesis). Second, filing for a government registered trademark prices significantly less than a patent, and also the bar for demonstrating infringement is less stringent. Produce a fantastic product and offer your sellers as well as customers fantastic value from the start.

Design product packaging that is both captivating and also easily merchandised.

Establish targeted marketing as well as Public Relations project that fits your budget. Note: Restricting advertising to trade magazines targeting retail buyers and also at a trade convention as well as making use of Public Relations to create nationwide brand name recognition as well as need from end-users is commonly most cost-efficient at an early stage.

While not an assurance, lots of merchants will believe difficult before giving a peg or shelf room to a thing that is similar (a knock-off) to yours. They will pick your rival if the new thing wins at advertising and marketing (is of much better top quality or is valued in a means that enhances their margin).

Be a trusted vendor with outstanding customer care.

Safeguard your brand impact in the store by developing complementary products rapidly.

Book as lots of URLs as you can economically justify that relate to your item as well as trademark name and ideas.

Be generous, make pals in the sector, and develop your affordable intelligence.

Know who one of the most likely rivals are and also enjoy them very carefully.

Despite the course you pick to take, there will certainly always be risks. As well as in organization-- specifically the product service-- the threat of competition is constantly existing. Nevertheless, if protecting the invention/product is integrated into a natural strategic plan with multiple techniques based on the technique to be taken, the chances of success will be significantly enhanced.

The Fact of Patents as well as NDAs Some would claim that the "noticeable" way to safeguard your product is to file a patent. As well as sure, there are some scenarios where a beneficial patent has been released to an inventor who has the financial wherewithal to police as well as protects it.

By now I hope the constraints of patents are clear. Go to Target or Walmart and review the product packaging of 50 items. Exactly how several are patented?). A layout patent, which covers the precise style of an item, is much more limited as a defensive tool than a wide utility patent. Provided the number of new patents being issued each day, there are fewer readily available insurance claims for basic products every year.

There are no "patent authorities." If somebody rips off a product and it can be shown that someone has infringed on a patent, it depends on the creator to participate in and spend for, the lawful battle to prove and also to stop the infringer from proceeding. Given that the argument may not be specific, this can be an expensive legal action. Several developers lack the monetary funding to combat a lawful battle with a well-heeled knock-off business.

It should currently be clear that a patent is usually not the end-all response that many inventors, as well as specialist consultants, presume it to be. That's the trouble. The bright side is that understanding this, an inventor can concentrate on producing a winning technique.

I would certainly additionally like to briefly discuss another often-misunderstood lawful record: the nondisclosure agreement (NDA). While there are advantages to utilizing an NDA, its effectiveness is typically overemphasized. Below's why:

Initially, many-- most likely most-- suppliers will certainly not sign an NDA. They see no reason to obligate themselves to a creator with whom they have no prior relationship.

Second, an NDA is not a patent. Many NDAs don't say anything concerning not swiping the item idea, so the celebrations to the NDA are just guaranteeing not to tell anyone else.

Third, there is the capacity of including a non-compete provision of some kind in an attempt to deal with the last factor. Doing so will certainly further minimize the number of companies to whom you will certainly be able to pitch your invention as few will certainly authorize these. I have additionally directly discovered a couple of venture capitalists and expert financiers ready to sign NDA arrangements.

The majority of item companies, including those inclined to knock-off items, have lots of brand-new items in progression at any provided time. When an item manager supporters for launching a brand-new item, being geared up with critical market data that supports his decision can drastically boost his commitment to an invention. I have frequently spoken with inventors who invested the majority of their readily available funding on their patent applications to find that the result was either a decreased application or a drastically narrowed-down, less-useful version of their original application; this is why lots of item business do not also bother with licenses. A layout patent, which covers the specific layout of a product, is a lot more limited as a protective tool than a wide energy patent. If a person knocks off a product as well as it can be shown that someone has infringed on a patent, it is up to the inventor to involve in and also pay for, the legal fight to show and also to quit the infringer from proceeding.

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[recoveringunclaimedasstes]

All You Need To Know About Dematerialization Of Shares

Since the introduction of Demat accounts and electronic share trading in India, the ownership of physical share certificates has steadily declined. The Securities and Exchange Board of India (SEBI) has even mandated that companies issue shares only in Dematerialized form and not as physical share certificates. You are probably asking yourself now, ‘What is Dematerialization?’, are not you? This is an important concept to be aware of, especially if you want to trade effectively in the lucrative stock market today. Since all the functions of trading and owning securities are happening online with the help of powerful portals and apps, you should be familiar with the concepts so that you know how to use the trading and investing world to your advantage. All investors trade and invest with the aim of making a profit, so it is best that you learn about all aspects of trading and investing in stocks. Read on to learn all about the concept of Dematerializing stocks.

What is Dematerialization?

The process of converting a company’s physical share certificates into an electronic form is commonly referred to as the Dematerialization of shares. These Dematerialized shares are then held in an online Demat account that you open with a custodian. In the current context of share trading, maximizing shares is mandatory to sell or transfer your shares to another account.

In the past, shares were held in physical form, which has been a challenge over time. Paper is fraying, and as the world has become online in most areas of life, why not in the area of investments and stock markets? Dematerialization has made investing easy, and you can easily open a Demat account with a bank or a good broker. Since all accounts are kept electronically, Demat accounts are linked to bank accounts and trading accounts so that trading transactions (buying and selling of stocks) can be done smoothly and seamlessly. Since investments in stocks are mainly made when lucrative opportunities arise, Demat accounts serve the purpose of quick trading with common trading accounts and bank accounts.

Advantages of Dematerialization of shares

Now that you know the answer to the question ‘What is Dematerialization?”, let us take a quick look at some of the benefits of Dematerializing stocks.

1. Increased security:

Since Dematerialization converts physical shares into electronic shares, you no longer have to worry about damage, mutilation, loss or theft of your share certificates. You can safely store all your shares in a single Demat account that you can access from almost anywhere in the world.

2. Enhanced security:

When physical stock certificates were used, there were many cases of forgery, fraud, and duplication. With Dematerialized shares, none of these incidents are possible anymore.

3. Facilitation of instant transfer:

With physical share certificates, transferring shares from one person to another would normally take days. But thanks to the Dematerialization of shares, the transfer of shares is now exceptionally easy and almost instantaneous.

4. Quick and easy transactions:

The entire process of opening Demat accounts for stock ownership has made the lives of investors and traders alike very easy and convenient. From keeping stocks safely in one place and getting a consolidated statement of all the securities you hold to the convenience of trading online through Demat accounts, investing is easy. Today, everyone from students to retirees invests in stocks through a simple Demat account linked to a trading account. You can operate both online and from anywhere, even when you are on vacation. The simplicity of trading with a Demat account offers tremendous opportunities to profit from price changes in the stock market and subsequently earn good returns.

The process of Dematerialization of securities

The process of the Dematerialization of stocks is quite simple and easy to understand. Moreover, it only takes a few days to complete. Here is a brief explanation of the process of the Dematerialized of shares.

First, you need to open a Demat account with a depository through a depository participant (DP). Usually, the stockbroker where you have a trading account also acts as DP.

Once you have opened a Demat account, you’ll need to submit a properly completed Dematerialization Request Form (DRF) to your DP along with the physical share certificates you hold.

If you own shares in more than one company, you must submit a duly completed DRF for each company together with the relevant share certificates.

Upon receipt of the DRF, your DP will review both the form and the securities to make sure everything is in order.

Once the DP is satisfied with your application, you will receive a Dematerialization Request Number (DRN) as confirmation.

The DP will then forward your application to the company’s Registrar and Transfer Agent (RTA).

Once the Company RTA accepts your Dematerialization request, the Physical share to Demat mode and then destroyed.

And finally, the now Dematerialized shares are credited to your Demat account, which you can then either sell or transfer to other accounts.

[baskarmenon98-blog]

Physical shares, IEPF, Unclaimed shares and you

Do you have any plan what quantity of wealth is wasting out there to be claimed by the one that invested with or his / her legal heirs? it's fascinating. Often, the figures are therefore desensitising that it makes no sense to a standard man.

When a employee joins the corporate, he gets Provident Fund. the staff, so as to avoid wasting tax, invest associate insurance. Safety minded Indian upper-middle-class puts the cash in mounted deposit in banks. additional enterprising and risk-taking ones invest in capital market.

However, these details are ne'er organized and passed on to consequent of kin. With the results tens of thousands of crores are lost or unwanted. Estimate of insurance unwanted is over Rs.15,000 crores. Provident Fund unwanted is over Rs.10,000 crores. Since, there are not any single nodal agency, it's onerous to estimate the bank deposits, however it's seemingly to be over Rs.15,000 crores.

The value of shares unwanted or is rendered useless is really astronomical. They simply dwarf the whole of insurance, Provident Fund and Bank mounted deposit place along.

In order to know the issues of unwanted shares, one should trace the history of shares. Shares as we all know, are listed available exchange. we have a tendency to open a Demat Account, log into the Demat Account electronically and purchase or sell shares in lightning speed. Technology has mostly organized the share mercantilism, insurance investment, Provident Fund and fund. However, what went on within the past continues to be a implanted downside.

Our focus during this journal is merely shares. Since they simply represent over five hundredth of the unwanted wealth.

We have a disclaimer to create here, we've got unconditional interest. Our company serves purchasers – end to finish – to assert their unwanted shares, their duplicate shares, the shares withdrawn by the govt within the kind of IEPF – capitalist Education and Protection Fund.

In order to know the quality of the issues as aforementioned earlier, it pays to trace the history of shares. All shares were issued in physical type. i.e. shares were written during a piece of paper and bimanual over to the recipient. Shares were transferred to a different person by filling up share transfer forms. until the year 1999, getting paper shares was a norm associated wasn't an exception.

Only within the year 1999, issue of shares in electronic format was created necessary.Till 2005, straightforward procedure of nomination wasn't offered for the shareholders.

Given the state of affairs, it's quite potential that heap of shares born out of the horizons because of varied reasons. it's going to ensue to straightforward reasons like modification of residence or one thing additional complicated such as a closelipped father dying while not informing consequent generation. These shares have gained tremendously in volume over time. Total price of shares in physical type stagnant even nowadays are to the tune of Rs.1,50,000 crores.

This is a menace. so as to counter and misuse of unwanted shares, the govt came out with a series of legislation’s.

1. They fashioned IEPF – capitalist Education and Protection Fund and mandated each company to transfer the dividends to a delegated account if the dividend has not been claimed for seven years i.e., if a draft has not been encashed for seven years, at the beginning of eight year the whole quantity are transferred to the govt fund, that in fact are often claimed back.

2. As on thirtieth September 2018, they asked the businesses to transfer the shares on that dividends has not been claimed for seven years to IEPF. Therefore, the businesses transferred heap of shares to IEPF. Total price of shares transferred on thirtieth September 2018, by prime hundred corporations alone was Rs.11,000 crores.

3. The govt stopped the businesses from causing dividend by approach of draft effective thirtieth September 2018.

4. The govt stopped the transfer of shares in paper type to a different person with impact from thirty first March 2019, i.e., presently although someone has paper share, they can't transfer the shares while not demating the shares.

All these measures are praiseworthily. One would be fairly expecting, this menace of unwanted shares would are a factor of past. Alas, we have a tendency to don't seem to be simply standing there, however we have a tendency to are worse of compared to wherever we were earlier. think about the subsequent table, this can be solely the highest hundred corporations.

PeriodIEPFPhysical   Sep-181,10,89,40,29,400.9010,36,25,19,89,180.00 Dec-181,11,67,99,98,161.759,09,64,99,69,407.43 Difference78,59,68,760.85-1,26,60,20,19,772.57   Dec-181,11,67,99,98,161.759,60,00,91,45,398.08 Mar-1977,98,97,17,056.009,09,64,99,69,407.43 Difference-33,69,02,81,105.75-50,35,91,75,990.65     Mar-1977,98,97,17,056.009,07,24,59,05,079.37 Jun-191,23,36,18,63,517.758,61,85,62,77,606.44 Difference45,37,21,46,461.75-45,38,96,27,472.93     Jun-191,23,36,18,63,517.758,61,85,62,77,606.44 Sep-191,34,21,53,05,475.158,47,61,72,01,559.49 Difference10,85,34,41,957.40-14,23,90,76,046.95

On the point (30th Sept, 2018) the businesses transferred Rs.11,000/- price of shares to the govt. this can be increasingly increasing quarter on quarter and nowadays it's over Rs.13,400 crores.

After transferring the shares to IEPF, the physical shares that are lying with general public that don't seem to be transferred to IEPF is over Rs.1,00,000 crores. Please bear in mind a share gets transferred to IEPF providing dividend remains unwanted for seven years.

So, there are heap of unwanted shares as on nowadays. finally the steps taken by the govt, government manage to cut back the matter solely Rs.1,000 crores. So, we will say a bit over zero.60% of the matter was solved! From September 2018 to September 2019, Rs.24,000 crores price of shares was transferred to IEPF and therefore the physical shares have reduced by solely Rs.25,000 crores throughout a similar amount. In our cheap estimate the whole cost of the matter is Rs.1,50,000 crores supported our today’s economy and today’s market costs.

It is this downside we have a tendency to request to tackle by providing end to finish services to the purchasers. it's enough if you recognize your father had shares. Approach North American country. we are going to do end to finish work by taking all services needed and find you the shares. This procedure is incredibly complicated, and it usually involves giving police grievance just in case all duplicate shares, obtaining legal heir certificate from the municipalities, obtaining succession certificate or probating bill if there's one. we offer full end to finish services and that we are over happy to be of help. we have a tendency to are simply a decision or click away.

[goldenegg-transmission]

Physical Shares, IEPF, Unclaimed Shares and You

Do you have any idea how much of wealth is wasting out there to be claimed by the person who invested or his / her legal heirs? It is mind boggling. Often, the figures are so numbing that it makes no sense to a common man.

When a worker joins the company, he gets Provident Fund. The employees, in order to save tax, invest an insurance. Safety minded Indian middle-class puts the money in fixed deposit in banks. More enterprising and risk-taking ones invest in capital market.

However, these details are never organized and passed on to the next of kin. With the results tens of thousands of crores are lost or unclaimed. Estimate of insurance unclaimed is over Rs.15,000 crores. Provident Fund unclaimed is over Rs.10,000 crores. Since, there are no single nodal agency, it is hard to estimate the bank deposits, but it is likely to be over Rs.15,000 crores.

The value of shares unclaimed or is rendered useless is truly astronomical. They easily dwarf the total of insurance, Provident Fund and Bank fixed deposit put together.

In order to understand the problems of unclaimed shares, one must trace the history of shares. Shares as we know, are traded in stock exchange. We open a Demat Account, log into the Demat Account electronically and buy or sell shares in lightning speed. Technology has largely organized the share trading, insurance investment, Provident Fund and bank deposit. However, what has happened in the past is still a deep-rooted problem.

Our focus in this blog is only shares. Since they easily constitute over 50% of the unclaimed wealth.

We have a disclaimer to make here, we have vested interest. Our company serves clients – end to end – to claim their unclaimed shares, their duplicate shares, the shares taken away by the Government in the form of IEPF – Investor Education and Protection Fund.

In order to understand the complexity of the problems as said earlier, it pays to trace the history of shares. All shares were issued in physical form. i.e. shares were printed in a piece of paper and handed over to the recipient. Shares were transferred to another person by filling up share transfer forms. Till the year 1999, obtaining paper shares was a norm and was not an exception.

Only in the year 1999, issue of shares in electronic format was made mandatory.

Till 2005, simple procedure of nomination was not available for the shareholders.

Given the scenario, it is quite possible that lot of shares dropped out of the horizons due to various reasons. It may be due to simple reasons such as change of residence or something more complex such as a secretive father dying without informing the next generation.

These shares have gained enormously in volume over time. Total value of shares in physical form stagnant even today will be to the tune of Rs.1,50,000 crores.

This is a menace. In order to counter and misuse of unclaimed shares, the government came out with a series of legislation’s.

They formed IEPF – Investor Education and Protection Fund and mandated every company to transfer the dividends to a designated account if the dividend has not been claimed for seven years i.e., if a dividend warrant has not been encashed for seven years, at the start of eight year the total amount will be transferred to the government fund, which of course can be claimed back.

As on 30th September 2018, they asked the companies to transfer the shares on which dividends has not been claimed for seven years to IEPF. Therefore, the companies transferred lot of shares to IEPF. Total value of shares transferred on 30th September 2018, by top hundred companies alone was Rs.11,000 crores.

The Government stopped the companies from sending dividend by way of dividend warrant effective 30th September 2018.

The government stopped the transfer of shares in paper form to another person with effect from 31st March 2019, i.e., presently even if somebody has paper share, they cannot transfer the shares without demating the shares.

All these measures are laudably. One would be reasonably expecting, this menace of unclaimed shares would have been a thing of past. Alas, we are not just standing there, but we are worse of compared to where we were earlier. Consider the following table, this is only the top hundred companies.

Period                          IEPF                                      Physical

Sep-18              1,10,89,40,29,400.90           10,36,25,19,89,180.00

Dec-18              1,11,67,99,98,161.75              9,09,64,99,69,407.43

Difference                  78,59,68,760.85            -1,26,60,20,19,772.57

Dec-18               1,11,67,99,98,161.75              9,60,00,91,45,398.08

Mar-19                   77,98,97,17,056.00              9,09,64,99,69,407.43

Difference             -33,69,02,81,105.75                -50,35,91,75,990.65

Mar-19                    77,98,97,17,056.00              9,07,24,59,05,079.37

Jun-19                  1,23,36,18,63,517.75             8,61,85,62,77,606.44

Difference                45,37,21,46,461.75               -45,38,96,27,472.93

Jun-19                   1,23,36,18,63,517.75             8,61,85,62,77,606.44

Sep-19                  1,34,21,53,05,475.15             8,47,61,72,01,559.49

Difference                10,85,34,41,957.40                -14,23,90,76,046.95

On the deadline (30th Sep, 2018) the companies transferred Rs.11,000/- worth of shares to the government. This is progressively increasing quarter on quarter and today it is over Rs.13,400 crores.

After transferring the shares to IEPF, the physical shares that are lying with general public which are not transferred to IEPF is over Rs.1,00,000 crores. Please bear in mind a share gets transferred to IEPF only if dividend remains unclaimed for seven years.

So, there are lot of unclaimed shares as on today. After all the steps taken by the government, government manage to reduce the problem only Rs.1,000 crores. So, we can say a little over 0.60% of the problem was solved!

From September 2018 to September 2019, Rs.24,000 crores worth of shares was transferred to IEPF and the physical shares have reduced by only Rs.25,000 crores during the same period.

In our reasonable estimate the total monetary value of the problem is Rs.1,50,000 crores based on our today’s economy and today’s market prices.

It is this problem we seek to tackle by providing end to end services to the clients. It is sufficient if you know your father had shares. Approach us. We will do end to end work by taking all services required and get you the shares. This procedure is very complex, and it often involves giving police complaint in case all duplicate shares, getting legal heir certificate from the municipalities, getting succession certificate or probating bill if there is one. We provide full end to end services and we are more than happy to be of assistance.

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The Trick for Sql Interview Questions for Experienced Professionals

What You Need to Do to Find Out About Sql Interview Questions for Experienced Professionals Before You're Left Behind They are commands used to combine queries to be able to get outcomes. Scheduled tasks or jobs are used to automate procedures which may be conducted on a scheduled period at a standard interval. The usage of their responses given below and the questions is to guarantee that women and the men who examine them and learn them will secure a comprehension of the XML functionalities supplied by SQL Server. There's a reason for the error read on to understand why. The issue is the SQL Standard says that a column which is not part of the group by clause unless it contained inside an function can't be picked by us. The problem here is that we don't know because we are not with what we are requesting in the SQL particular 19, what will be returned! My problem is that I want to eliminate duplicates in the outcome and don't appear to be able to accomplish this. 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