How To Get IEPF Unclaimed Shares? Read This To Know The Correct Procedure

Those interested in commerce and finance often find it common to talk about the share market at every get-together and tea party. It is expected to highlight how the share market has done well or if not so, what could be the possible reasons according to one subjective opinion about the general principles of how the market works.

People who are interested in the share market often talk about which shares to buy and which shares not to buy, but you might have hardly heard anyone talk about the iepf unclaimed shares. 

The iepf shares that are unleaved are often the unpopular subject of any conversation related to the share market but many market experts often point out that these untilled shares can sometimes act like the trump card of investing and you can get many amazing benefits if you make a plan wisely. 

Many people have also tried to search for workable waste through which iepf unclaimed shares can be cleaned, but there are many sources that do not provide concrete information or steps of the process as clearly as one may expect. If you are interested in claiming the unclaimed shares, then you must read further. 

Steps to claim IEPF unclaimed shares

• Contact

The first step starts with initializing the point of contact with the organization for the company to whom the shares belong. If that contact is not available, you can also contact the transfer agent of the company, that can help you provide the details of the dividend and the shares that were transferred to IEPF. Once you have found the correct contact you can further proceed to step two. 

• Check out the IEPF website

the next step is to check out the iepf authority website, which will help you understand what are the basic functions you can do and also obtain the form which is required for the procedure with the application. You have to fill out the application online as well as upload the documents which are required on the website of the authority. It is important to ensure that you have made no mistakes in the form and that all the information provided is correct to your knowledge. 

• Submission of copy

Once you have filled and submitted the form online then you have to take a print copy of the form and submit it with the documents required at the register or the organization to which the dividend shares belong. Through the process, it is important to also ensure that all the documents that you have attached are self-attested and original. 

• Verification

It is now time for verification of the report and the documents submitted by you as well as the claim of the dividend. After the verification, the process proceeds but if there is any discrepancy in the documents are the information provided, it can be asked to bring the documents again for re-verification of the same. 

• Final settling of the claim

once the final verification has been completed the shareholders can look forward to sending the documents again to the nodal officer or the authorized person. This person will forward the revised verification for the settlement of the claim and if accepted the shareholder will get the unclaimed iepf shares to themselves but if not settled there are another set of procedures that need to be completed. 

Some people may find this procedure complicated but once you read it thirdly it becomes easier to follow it step by step and get the iepf unclaimed shares by completing all the legal procedures required for it.