Recovery of Shares from IEPF
Many investors are not aware that their shares and dividends can be transferred to the Investor Education and Protection Fund (IEPF). If dividends are not claimed for 7 continuous years, the company transfers the shares to IEPF.
The good news is that you can still apply for recovery of shares from IEPF by following the proper process.
Why Shares Go to IEPF
Shares are transferred to IEPF when:
- Dividends are not claimed for 7 years
- The shareholder has not updated bank or contact details
- The shareholder has passed away and heirs did not claim
Once transferred, the shares are held by the government under the IEPF authority.
Step-by-Step IEPF Shares Recovery Process
Step 1: Check IEPF Status
Visit the IEPF website and check whether the shares are transferred to IEPF.
Step 2: File IEPF Form 5
Fill and submit Form IEPF-5 online with correct details of shares and claimant.
Step 3: Submit Documents
Send the required documents (PAN, Aadhaar, client master list, indemnity bond, etc.) to the company for verification.
Step 4: Company Verification
The company verifies your claim and submits a report to IEPF authority.
Step 5: Approval & Transfer
After approval, shares are credited back to your demat account.
Documents Required for Recovery of Shares from IEPF
- PAN card of claimant
- Aadhaar card
- Demat account details
- Original share details
- Death certificate (if shareholder is deceased)
- Legal heir certificate or succession certificate (if applicable)
Important Things to Remember
- The IEPF claim process involves detailed paperwork.
- Any small mistake can delay approval.
- Physical follow-up with the company is required.
Final Words
The recovery of shares from IEPF is possible, but the process can take time. With proper documents and correct filing, you can successfully complete IEPF shares recovery and get your investments back.
If you are unsure about the procedure, taking professional help can make the IEPF claim process smooth and stress-free.