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What is the difference between Transfer and Transmission of Shares?

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Transfer of Shares is the process of transferring ownership to the transferee. In other words, it is a voluntary act of transferring shares from one person to another. On the other hand Transmission of Shares takes place when someone dies and the ownership is transferred under the supervision/operation of the Inheritance Laws in India, to the legal heirs of the deceased and The fundamental question in the shared field is the difference between the transfer of shares and the transmission of claims. Transfer of Shares Refers to the transfer of ownership of shares from one person to another. It can be made at any time and frequently. It is a voluntary transfer. Requires completion of a stock transfer form and payment of any applicable stamp duty. Can be made by an individual or a legal entity. The transferor must hold a valid title for the shares. The transfer is subject to compliance with the provisions of the Companies Act and SEBI regulations. Transmission of Shares Refe...
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What if I lose my physical shares, how to share recover ?

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  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 ...
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Location: Delhi, India
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How can I claim my Iepf share recovery online ?

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  Sure, here are the steps on how to claim your IEPF share online in brief: Go to the IEPF website: https://www.iepf.gov.in/. Click on the "Refund/Claim Refund" tab. Click on the "IEPF-5" link. Fill out the form and upload the required documents. Submit the form. Take a printout of the acknowledgement. Submit the printout of the acknowledgement along with the required documents to the Nodal Officer of the company at its registered office for verification of the claim. The required documents are: A copy of the acknowledgement  i.e. SRN number. An indemnity bond. For I EPF shares, recovery submits an advance stamped receipt. Certificate for the return of bonds, debentures, or matured deposits. Aadhar cards for all joint holders and the  claimant. The processing time for a claim is usually 30-45 days. Once your claim is processed, you will be refunded the amount or the shares will be transferred to your name. Here are some additional tips: Make sure that you fill out ...
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Location: Delhi, India
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Guidelines for Recovery of Shares From IEPF

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  Here are the guidelines for recovery of shares from IEPF: Fill out the IEPF Form 5. This form can be downloaded from the IEPF website. The form requires you to provide your personal information, as well as information about the shares you are claiming. Submit the IEPF Form 5 to the Nodal Officer of the company where the shares were held. The Nodal Officer is a company representative who is responsible for handling IEPF claim s. You can find the contact information for the Nodal Officer on the company's website or by contacting the company's registrar. The Nodal Officer will verify your claim and submit a report to IEPF. The Nodal Officer will check your claim to make sure that it is valid. They will also check to make sure that you have submitted all of the required documents. IEPF will decide on your claim and notify you of the decision. IEPF will review your claim and make a decision within 60 days. If your claim is approved, IEPF will transfer the shares to...
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What is the difference between NRI and Indian citizen.

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Here is the difference between NRI and Indian citizens in brief and detail: NRI (Non-Resident Indian) An Indian citizen who resides outside of India. May have been born in India, or may have acquired Indian citizenship through naturalization or marriage. Still considered Indian citizens, and they have the right to vote in Indian elections and hold public office. May be subject to different tax laws than Indian residents. Can open a bank account in India, buy properties in India, and invest in India. Can visit India for up to 180 days in a year without any visa restrictions. Indian citizen A person who is legally recognized as a citizen of India. This includes people who were born in India, people who have acquired Indian citizenship through naturalization or marriage, and people who are born to Indian parents. Has the right to live in India, work in India, and vote in Indian elections. Subject to Indian tax laws. Can open a bank account in India, buy properties in India, and invest in...
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Location: Delhi, India
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How long does it take to Shares recover from Iepf?

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It typically takes around 60 days to recover shares from the IEPF after being claimed. The process involves the following steps: The claimant submits an online application in  Form IEPF-5 along with other documents to the Nodal Officer of the company at its registered office for verification of the claim. The company sends the verification report to the IEPF within 15 days of receipt of the claim. The IEPF Authority decides  on the claimant's reimbursement application within 60 days after obtaining the verification report from the relevant company. The IEPF Authority will issue a refund sanction order when the claimant is entitled to the shares with the permission of the competent authority. 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 claiman...
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Location: Delhi, India
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Can I convert physical shares to demat in 2023?

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No, you cannot convert physical shares to demat in 2023. The deadline for converting physical shares to demat was March 31, 2023. After that date, companies and their RTAs (Registrars and Transfer Agents) will no longer be able to process requests for dematerialization of physical shares. This was a mandatory requirement by the Securities and Exchange Board of India (SEBI) to promote a paperless environment in the Indian stock market. The deadline for the dematerialization of physical shares was extended several times in the past, but it was finally made mandatory on March 31, 2023. If you still have physical shares, you will need to hold onto them as a physical asset. You will not be able to trade them on the stock exchange, and you will not receive any dividends or other benefits associated with the shares. If you have any questions, please contact your broker or the RTA for the company whose shares you hold. Here are some of the reasons why the deadline for the dematerialization of ...
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Location: Delhi, India
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