How long does it take to Shares recover from Iepf?

It typically takes around 60 days to recover shares from the IEPF after being claimed. The process involves the following steps:

  1. 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.
  2. The company sends the verification report to the IEPF within 15 days of receipt of the claim.
  3. The IEPF Authority decides on the claimant's reimbursement application within 60 days after obtaining the verification report from the relevant company.
  4. The IEPF Authority will issue a refund sanction order when the claimant is entitled to the shares with the permission of the competent authority.
  5. 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.
  6. The shares or the extent of the claimant's entitlement will be credited to the Demat account of the claimant.

Please note that the time it takes to Share recover from the IEPF may vary depending on the specific circumstances of the case. For example, if the company's verification report is delayed, it may take longer for the IEPF Authority to make a decision on the claimant's application.

Here are some tips to help you recover your shares from the IEPF more quickly:

  • Make sure to submit your claim as soon as possible after you become aware that your shares have been transferred to the IEPF.
  • Provide all of the required documents with your claim.
  • Keep track of the status of your claim by checking the IEPF website regularly.

      
Share recover


Location: Delhi, India

Comments

Post a Comment

Popular posts from this blog

What if I lose my physical shares, how to share recover ?

Image
  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 ...
Read more

Can I convert physical shares to demat in 2023?

Image
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 ...
Read more