Can physical shares be transferred to IEPF?
All shares of the Company in respect of which dividends have remained unclaimed or un-encashed for seven consecutive years or more, are required to be transferred by the Company to the Investor Education and Protection Fund (‘IEPF’) established by the Government of India.
How do I claim physical shares from Iepf?
Claimant to claim amount / shares by submitting an online application in Form IEPF-5. Claimant to submit the print out of Form IEPF-5 along with other documents to the Nodal Officer of the company at its registered office for verification of the claim.
What happens to shares in IEPF?
The IEPF Authority and the Drawing and Disbursing Officer of the authority will send a bill to the Pay and Accounts Officer for payment after verifying the claimant’s entitlement. The shares or the extent of the claimant’s entitlement will be credited to the Demat account of the claimant
Can physical shares be transferred?
Converting shares to a demat form
The holder of the physical shares will have to submit the share certificates along with the DRFs and KYC documents to your broker. The broker will then send the transferable shares and your documents to a registrar and transfer agent who will then convert them into an electric form.
What happens to unclaimed physical shares?
Section 125 of the Companies Act, 2013, addresses such scenarios. According to the act, shares that remain unclaimed and dividends that remain unpaid for seven consecutive years must be transferred to the Investor Education and Protection Fund Authority (IEPF).
How do I redeem physical shares?
Here is a step-by-step guide on how to convert physical shares to demat.
- Open A Beneficiary Account With A Depository Participant (DP): …
- Fill Out Request Form: …
- Submit Documents: …
- Dematerialisation Registration: …
- Validity Check: …
- Name Change: …
- Acknowledgement: …
- Shares Credited: