IEPF Claim

Are you also looking for IEPF Claim? We receive many queries daily in which mostly people ask about how to get IEPF claim for the shares those were transferred to IEPF. Many people even come to us when they have completed the IEPF Claim Form but still are unable to claim for some or other reason.

Section 124 (5) of the Companies Act, 2013 states that if the dividend remains unclaimed/unpaid for 7 years, it is transferred to IEPF.

The purpose of forming such IEPF authority is to save the interest of common investors who sometimes due to name change/address change would not able to get his/her dues from the company. The authority keeps these shares in their Demat account until someone comes and claim it. The company before transferring the shares to the IEPF authority must contact all the investors by email/phone so that they can come and claim their due. However, even after sending such correspondence if nobody turns up the shares/dividend get transferred to IEPF Claim authority.

So let us know how IEPF claim gets settled with the IEPF Authority?

To get IEPF Claim, you must first have a Demat account. If you do not have it, then, first of all, open a Demat account because IEPF claim is directly transferred to the Demat account only.

Procedure:

1. Download the Form-5 form from the IEPF website and fill in the details that have been asked and submit them online. Please fill all the required information carefully.

2. When you submit the form online, you will get an acknowledgment which you can save for future references.

3. Take a printout of the form-5 and acknowledgment.

4. Then this print out along with all the requisite different documents which are required on case to case basis must be arranged and are required to be sent to Nodal Officer for further processing.

5. The Nodal Officer after receiving the form completed in all aspect and after getting verification report from the company, a refund will be released by the IEPF authority.

We at IEPFZone have a specialized team to handle such IEPF claims of investors without any hassle. We charge very nominal consultancy fees depending upon the complexity of the cases. Anyone can approach IEPFZone 24/7 by dropping a query on our website and our executive will approach you for further processing.We are present around the country so we can cater the cases to any part of the country.

If your IEPF claim is not yet settled, they feel free to contact us and we’ll help you in getting your claim settled.

    I have 20 Reliance Industry Shares in physical form which I bought in 1987. I have applied to Registrar for converting them to demat so that I can sell them in the exchanges. However, the registrar rejected the claim saying the shares went into IEPF. So, I would like to know the process of claiming the shares from IEPF. What would be the present value and how to claim that money? Please help.

    Sir, you are not alone in India whose shares went into the IEPF. Once shares go to IEPF, then the recovery of shares become complicated and time-consuming. However, you have arrived at the right place. Our team will contact you soon through your e-mail Id to discuss this in detail with you.

    Sir, I have sent all the required documents on email id as asked by your team. Please do the needful to process my claim.

    I have 50 shares of ITC in physical form in the name of my father which he bought in 1992. However, in the year 2000, he transferred the shares to my name but I was not aware as I was a child at that time. Lately, I came to know about these shares and from Google I found that my shares had gone into IEPF and I had to contact the IEPF authority for getting my shares. After inquiring about IEPF claim from my family friends, I have come to this platform. Please contact me and send me the procedure to recover my shares from IEPF. Waiting for your response. Thank you.

    Hi Anita,
    First of all congratulations to your father that he had done a superb investment for you in ITC shares which may worth millions today. To get IEPF claim, our team will contact you soon through your e-mail Id to discuss this in detail. Thanks.