The IEPF Authority shall decide to pay the unclaimed dividend amount and transfer the shares back to the credit of your account based on the verification report submitted by the Company. The IEPF Rules and the Form IEPF-5 are available on the website of the Ministry of Corporate Affairs at www.iepf.gov.in.
The IEPF website usually has all the details of unclaimed amounts. To make a claim, you can use IEPF-5 form. In case an investor doesn’t want to go through the hassles and wants to outsource it to some agency then they can also avail that option.
As per the current process, the company has to send the verification report regarding the claim to the IEPF Authority within 15 days. After getting the claim verified, the authority has to sanction refund through e-payment within 60 days.
How do I claim unclaimed dividends after 7 years?
As per, Section 124(5) of the Companies Act 2013, any dividend amounts, which remains unpaid or unclaimed for a period of 7 years from the date they became due for payment, shall be finally transferred by the company to the IEPF.
How do I claim unclaimed dividends?
With N200bn Unclaimed Dividends, Here’s How to Retrieve your Money through SEC e-Dividend Portal
- Apply through the SEC e-Dividend Portal. …
- Search for a List of Your Company Shares. …
- Identify Your Unclaimed Dividends. …
- Download and Fill Your Registrar’s e-Dividend Mandate form. …
- Submit Completed forms to Claim Dividends.
You can search using any of the following combination: ➧ Investor’s first name, middle name, last name and state.
If you have the physical certificates, the folio number is written on top of the share certificate along with the distinctive numbers of the shares. Alternatively, if you are holding shares in the demat form then you can find out the old folio numbers through your DP.
How do I file an e verify report?
The nodal officer or the deputy nodal officer of the company can file e- verification report in the e-form available for same on website www.iepf.gov.in through their MCA 21 account. The e-form shall be authenticated through DSC of the concerned nodal or deputy nodal officer.
These steps are to be followed in order to claim your shares back form IEPF Authority:
- Fill the IEPF FORM 5 (given on the IEPF website).
- create an account on mca.gov.in.
- Login to your mca account and go to upload forms.
- Upload your duly filled IEPF form on the website.
Your Bank or your Registrar will do the rest! Once you have been verified and processed, you will receive all your unclaimed dividends. They will be paid into your chosen bank account.