Glc wealth Recovering unclaimed asstes

What is a succession certificate? If you are the heir of someone who died without a will, you may need to apply for a  succession certificate to access their assets. A succession certificate is a document that proves your relationship to the deceased and allows you to dispose of the estate.v The process of obtaining a  succession certificate can be complicated, so it's important to learn about the issues involved beforehand. In this blog post, you will learn what a  succession certificate is and how to obtain one. A  succession certificate is a document issued by a court that proves a person's right to inherit from someone who died without a will. The certificate is used to transfer the deceased person's property to his or her rightful heirs. The process of obtaining a  succession certificate can be complicated and time-consuming, so it is important to seek advice from an experienced attorney. How is a succession certificate issued in India? To obtain a  su...

  Process to get legal heir certificate To obtain your legal heir certificate, you must contact the Taluk Tehsildar or the office of the corporation/municipality or the district civil court of the respective area. The legal heir of the deceased person must contact the competent authority of the respective area and ask for the application form that must be filled out in order to apply for a legal heir certificate . The application contains the names of the legal heirs, their relationship to the deceased and their residential address. After you have filled out this application to the best of your knowledge, you can submit it to the authorities. You can also hire a lawyer to do so, who will contact the district court on your behalf. The deceased owner's death certificate must be attached to the application along with all other required documents. If you do not have it, you must obtain the death certificate from the local authority. Together with the application for a certificate of i...

New IT Portal: The government has taken steps to help its investors or legal heirs to reclaim shares and dividends lying unclaimed for years. The Finance Minister announced during the Union Budget 2023 that the government will set up an integrated IT portal for the Investor Education and Protection Fund (IEPF) Authority. Announcing the new portal, the Finance Minister said that this step will strengthen the protection of investors, making it easier for them to claim their unclaimed shares or dividends. Through this portal, the entire financial sector will be made more robust and transparent. What are unclaimed shares and dividends? There are some companies in the world of stock market which give a share of their profits to their shareholders from time to time. This part received in the form of profit is called dividend. Unclaimed dividend means that the company has paid the dividend but it is yet to be claimed by the shareholders. This can happen due to various reasons like, the shar...

Lost stock is a common problem investors face, as shares can be lost for a variety of reasons, including incorrect addresses, unclaimed dividends, or a change in ownership. The loss of shares can have a significant impact on an investor's portfolio, as it means a loss of potential income and a reduction in the value of the portfolio. However, the good news is that there are steps that can be taken to recover lost shares . In this article, we will go over what lost shares are, how they can occur, and what you can do to recover them. What are lost shares? Lost shares are shares that are no longer owned by the original owner. This can happen for a variety of reasons, including incorrect addresses, unclaimed dividends, and changes in ownership. In some cases, shares can also be lost due to fraud, such as when a shareholder has been cheated out of their shares. How do lost shares occur? Lost shares can occur for a variety of reasons, including incorrect addresses, unclaimed dividends, ...

Investing money in various financial instruments such as stocks, bonds, mutual funds and other securities can help generate substantial returns over time, along with the potential to receive passive income through dividends. Investors get much calculative while investing because at a point of time they will be expecting a handsome return from their investments. However, in some cases, the dividends accruing on these investments remain unpaid because of various reasons, such as when a company declares a dividend but is unable to send it to the shareholders due to incorrect mailing addresses, lost cheques or failure on the part of shareholders to encash the dividend cheques. In some cases, shareholders may not get the credit of dividends to their bank accounts in the first place because of changes in their bank account details or the accounts becoming dormant. Unclaimed shares can occur if a shareholder forgets about their investments, passes away without leaving clear instructions for t...

  By Mr. Sanchit Garg, Co-Founder GLC Wealth To help the investors or legal heirs reclaim their unclaimed shares and dividends, the Finance Minister announced during the Union Budget 2023 that the government will establish an integrated IT portal for the Investors Education and Protection Fund (IEPF) Authority. Declaring the formation of the new portal, the Finance Minister noted that the move will significantly bolster investors’ protection, ease the process for investors to claim their unclaimed shares or dividends and make the overall financial sector more robust and transparent. What are unclaimed dividends & shares? An unclaimed dividend is a dividend that has been paid by the company but it is yet to be claimed by the shareholders. This can happen for a variety of reasons, such as if the shareholder has not updated the address in company’s records & has not received the dividends, bank account is not updated in the company’s records, shareholder has passed away, name ...

  Investing money in various financial instruments such as stocks, bonds, mutual funds and other securities can help generate substantial returns over time, along with the potential to receive passive income through dividends. Investors get much calculative while investing because at a point of time they will be expecting a handsome return from their investments. However, in some cases, the dividends accruing on these investments remain unpaid because of various reasons, such as when a company declares a dividend but is unable to send it to the shareholders due to incorrect mailing addresses, lost cheques or failure on the part of shareholders to encash the dividend cheques. In some cases, shareholders may not get the credit of dividends to their bank accounts in the first place because of changes in their bank account details or the accounts becoming dormant. Unclaimed shares can occur if a shareholder forgets about their investments, passes away without leaving clear instructions...