Claim Shares from IEPF: Transmission of Shares under Company Law & Legal Heir Certificate Explained
Unclaimed shares and dividends are more common than most people realize. Many investors or their families lose track of investments due to relocation, change in address, lack of nomination, or the unfortunate demise of the shareholder. Over time, these unclaimed shares are transferred to the Investor Education and Protection Fund (IEPF). If you are a legal heir or claimant, understanding how to claim shares from IEPF, the transmission of shares in company law , and the importance of a legal heir certificate is essential. This guide breaks down the entire process in simple terms, without legal jargon overload, so you know exactly what to do and how to do it. Understanding IEPF and Unclaimed Shares The Investor Education and Protection Fund (IEPF) was established by the Government of India under the Companies Act to safeguard the interests of investors. When dividends or shares remain unclaimed for seven consecutive years, companies are legally required to transfer them to the IEPF...