How Do I Find Existing Shares?

Do your parents or grandparents own stock? If so, they may have received unclaimed dividends on their investments. The fund that is not claimed for 7 consecutive years is therefore transferred to the Investor Education Protection Fund (IEPF) under the recovery of shares solution. If you want to find existing shares, don't worry; this blog can show you how to recover unclaimed dividends and shares. Some shares are lost or unclaimed, so if you want to locate existing shares, don't worry.

What is a share certificate?

A share certificate is a record that shows a shareholder's ownership of company shares and serves as legal identification for the person who owns the shares. The corporation may issue a duplicate share certificate if the shareholder loses the original, which could result in a large financial loss to the shareholder or company. Thus, the Companies Act, 2013 by the Indian government provided a recovery of shares solution to retrieve unclaimed money if there are not been used for 7 years which would be given to the IEPF account of the claimant in order to avoid any undue loss to the owners.

A step-by-step guide to getting existing shares

Step 1: Go to the official government website and click on "Search Unclaimed/ Unpaid Amount" to hunt for unclaimed dividends if you're trying to locate your existing shares but don't have a recovery of shares solution.

Step 2:The next step is to enter crucial details such as the claimant's name, the person's name who wants to receive the unclaimed money, etc., to view, and then click on Search. If the information is available on a government website, you can find the results by entering the folio number, Client ID, or Account Number, which is the best method for recovering shares.

Step 3:After entering the name of the entry that is close to the one you are searching for, you will be able to examine the search results for existing shares and check for unclaimed dividends.

Step 4:To check unclaimed dividends, you will be provided the details of the entry that was chosen from among the existing shares. If it is the current record, you can pick it up by clicking on the box in the S. No. column and then hitting the Submit button.

Step 5:To check for unclaimed dividends, you can view a list of all the shares and dividends that have not yet been paid out in the chosen person's name. If you believe that this solution will be helpful to you, great. If not, call Legalraasta for the best recovery of shares solution.

Paperwork needed to issue existing shares

  1. Agreement for an indemnity bond with a non-judicial stamp.
  2. An affidavit on non-judicial stamp paper that has been attested by a notary public magistrate.
  3. Police filed an F.I.R.
  4. Name and number on the share certificate are important facts.
  5. Folio number on the share certificate.
  6. To obtain a recovery of shares solution, a specific quantity of shares is needed.
  7. Advertisement for lost shares that were printed in a newspaper
  8. Proof of the shareholder's residency and identity.
Read Also This - Can you buy back Unpaid Shares

Conclusion

If there is still a question in your mind, you can visit our Legalraasta team, who can provide you with the right counsel and assurance that you will receive monies from the IEPF. We sincerely hope you discover the finest recovery of shares solution for how to find existing shares.

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