Learn To Transfer of Shares on Death

Learn To Transfer of Shares on Death?


In India, what happens to unclaimed shares?

Unclaimed shares dating back seven years will shortly be handed to the Indian government. The total number of such shares in circulation can only be guessed. If you multiply the NIFTY 500 dividend yield by the yearly unclaimed dividend, you obtain a value of almost Rs. 1,00,000 crores.

 



How do you transfer of shares on death?

When a shareholder dies, one can easily transfer of shares on death of a shareholder

  1. Change the name on Physical Share Certificates of a Deceased Physical Shareholder.

  2. The Deceased's Death Certificate

  3. The Successor's PAN Card.

  4. Request for Transmission Form

  5. Signatures of the Successor's Banker attested.

  6. Proof of the Successor's Address.

  7. Any additional documentation that the Company may request.




Unclaimed shares transfer to iepf details

 

What kind of unclaimed shares transfer to iepf?

All shares in respect of which a dividend has not been paid or claimed for seven years or more must be transferred to IEPF, according to Section 124(6) of the Companies Act, 2013 (Act).

 

How can I find out if my unclaimed shares transfer to iepf?

Details on sums scheduled to be transferred to the IEPF but are still with the firm are provided. By choosing Search Unclaimed/Unpaid Amount, you may access this feature.


How long does it take to get your IEPF shares?

If the Authority does not receive documentation after 60 days from the date of filing of Form IEPF-5, the Authority may reject the form after providing the claimant a 15-day period to respond.

 




What kind of shares are transferred to the IEPF?

All shares in respect of which a dividend has not been paid or claimed for seven years or more must be transferred to IEPF, according to Section 124(6) of the Companies Act, 2013 (Act).


MUDS management assists in IEPF claim of unclaimed of dividends and unclaimed shares in less than  60 days guaranteed.


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