Recovering the Unclaimed Shares and Dividends for Investors is our Expertise. We assist our clients as follows:
Obtaining duplicate shares in case of loss of shares;
Correction of personal details of the shareholder in records of the Company;
Updating the correct details of the shareholder in the records of the company;
Researching and tracing the forgotten shares;
Transmission of shares in case of death of shareholder;
DEMAT of physical shares.
We have a minimum turnaround time and assist our clients in Recovering the Unclaimed Shares and Dividends from IEPF Authority.
Unclaimed funds are money and other assets whose rightful owner cannot be located. Unclaimed funds are typically turned over to the government after a specific period of time has passed. To claim the funds or assets, the designated owner or beneficiary must file a claim; if belonging to an estate, it may require the claimant to prove their rights to the unclaimed property or funds.
There are various reasons why funds and assets go unclaimed. For example, a taxpayer may be owed a refund but the refund check became unclaimed because the taxpayer moved without updating his/her address with the tax authority.
Unclaimed funds are those assets where the rightful owner cannot be located. Typically unclaimed funds and property are handed over to the state the assets are located in, after a dormancy period has passed. When claiming unclaimed funds that have risen in value, taxes may be assessed at the time as ordinary income.
How to claim Unclaimed Deposits money? The account holders must visit the branch where their deposit is maintained and submit the claim form, along with the available information about their unclaimed deposit.
