Recovery of Shares Overview
17/02/2022 Business Opportunities, Franchise
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Description
The allotment of securities was done in paper certificates prior to the introduction of dematerialized trading. Because such certificates are physical, they are more prone to be misplaced, lost, or damaged.
There have been instances where shareholders have died and their heirs have neglected to claim the funds. According to reliable data, the IEPF has received roughly Rs 18000 crores in unclaimed shares and Rs 2300 crores in unclaimed dividends. In light of the foregoing, the Indian government established a system via which investors can recuperate their IEPF investments, including bonus shares and dividends.
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