Recover past investments
Help you recover the amounts locked in old share certificates or unclaimed dividends or matured UTI Bonds or LIC Policies
- Issue of duplicate certificates.
- Transfer of investments when original holders have expired
- Recovery of dividends & shares transferred to IEPF
- Revalidation of expired dividend / interest cheques
We can assist in completing the formalities for issue of duplicate certificates. Normally, it involves signing an Affidavit & Indemnity Bond as per format of the concerned Registrar. KYC documents and sometimes an FIR may also be required.
The transfer of shares / bonds to a surviving member of the family is called “Transmission’. The procedure can be completed by providing Death Certificate, Legal Heir Certificate or Will or Succession Certificate (depending on the market value of the shares). NOC from surviving heirs other than the claimant may also be required.
If a dividend amount remains unclaimed for 7 consecutive years, the dividend and the ownership of the shares – both get transferred to IEPF. The procedure to reclaim the dividends and the underlying shares is a standard procedure. You can see my video to understand the procedure in detail.
You will first need to send a copy of the un-encashed cheque to the concerned Registrar to get the details of the underlying investment and its present value. Then you may need to follow the procedure for issue of duplicate certificates and issue of un-encashed dividend / interest amount
What our clients say
How do we get started
The process broadly involves the following steps (some additional steps may be needed depending on the unique nature of certain cases):
- Contacting the Registrar to get details of the no. of shares / bonds in the folio and details of any unpaid amounts, if any
- Getting the detailed procedure from the Registrar
- Submitting the required documents to the Registrar along with a covering letter
- For recovery from IEPF – Submitting the application online on IEPF portal before sending all documents to the Registrar
- We encourage you to attempt to Do-It-Yourself. However, if you need our services, the charges vary from Rs. 5,000 to Rs. 10,000 for each procedure per folio.
- The service charges are payable through undated cheques only. Cheques are deposited in the bank only after successful completion of the work.
- Issue of duplicate & transmission of securities normally take 2-3 months and recovery from IEPF can take upto 10-11 months.
What not to expect
- We cannot reduce the processing time taken by the Registrar / IEPF
- NRI / Overseas investors have to allow for increased documentation & processing time
- We cannot ask the Registrars to reduce the formalities required to process a request
In most of the cases, the investor/claimant has to only visit their bank to get the signatures attested. All other documents are normally available with you or will be prepared by us for your signatures.
In some cases, the investor has to apply for Name Correction to be published in an official Gazette. Or, get a Succession Certificate / Legal Heir Certificate issued. The claimant / investor has to arrange these on his own.
If the Registrar receives all the required documents, the request is always processed. In some circumstances, the Registrar may need some additional documents. We deposit the Service Charges only after successful processing of the request. You bear only the cost of stamp papers & notarisation for Affidavits & Indemnity bonds till the request is processed.
Not really. The Registrar starts to process the request only after complete documents have been submitted.
You can call the IEPF Toll Free No. 1800-11-4667 to check the status of your application based on the SRN that was generated after you had uploaded the application.
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