FAQ

What is Investor Education and Protection Fund?

Incorporated under Section 125 of Companies Act 2013, IEPF stands for Investor Education and Protection Fund. IEPF is basically a government body which takes care of all the unclaimed dividends, shares, deposits, etc. of a company.

What is IEPF Claim?

Old Investments

At, Nidhi Wealth Solutions, we always promote long term investments. The investors reap its benefits.

But in digita era, the investments needs to keep pace.

The investments done by the seniors in shares, mutual funds, company bonds, FDs are not known to successors. The Investors do not inform the company about change in address, updated Bank Accounts.

The investments loses track. According to The Companies Act, 2016 the shares whose dividends are unclaimed for a consecutive period of 7 years are transferred to a government authority called IEPF (Investor Education and Protection Fund) Authority.

The investor can claim this shares from the IEPF Authority.

Why investment transferred to the IEPF?

  • No track of old and physical investments
  • Loss of old physical certificates and documents
  • Name change due to marriage, divorce, voluntary, etc
  • Shares in the name of parents, grandparents
  • Not claiming of dividend warrants

Which investments are transferred to IEPF?

Investments which once unclaimed for a consecutive span of 7 (seven) years or more gets transferred to the IEPF Authority fall under the following heads

  • Dividends issued by a company unclaimed by an investor
  • Shares with respect to the folio under which the dividends are unclaimed for a consecutive span of 7 years
  • Matured Deposits with the company other than banking companies
  • Matured Debentures unclaimed with the company
  • Application Money received by a company with respect to an application made for any security and due for a refund
  • Sale proceeds of fraction shares which arise out of issuance of bonus shares, amalgamation and mergers of co

Process to get IEPF Claim?

Unlock dividends in IEPF

Though shares are transferred to the IEPF Authority, you can claim them. To claim, you need to have proper documentation with different proofs. After sumbitting, you have to keep track, which involves follow-ups with the company and different Authorities.
At, Nidhi Wealth Solutions, have a well develped processes.

Process by Nidhi Wealth Solutions

  • First, we verify all your details.
  • We guide you to complete legal documents
  • Then we will verify with Company Registrars, all the claims are verified with Company Registrars.
  • Initiate procedure after confirmation from the Registrars
  • You will feel Form 5 on MCA website.
  • We will pay personal attention to your proceedings. We will be always in touch with you via telephonic talk. The important milestones will be shared by email.
  • You will be posted by Regular Updates of progress.