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Recovering Forgotten Shares: Aditya's Journey to Reclaim His Inheritance

05, Aug 2024
Recovering Forgotten Shares: Aditya's Journey to Reclaim His Inheritance

Aditya Sharma's father, the late Shri Rajesh Sharma, had been a prudent investor, meticulously building a portfolio of physical shares over the years. However, after Rajesh's passing, Aditya found himself in a predicament - he had no idea where his father's share certificates were, let alone how to go about reclaiming them.

"It was a challenging task," recalls Aditya. "I knew my father had investments in various companies, but I had no idea where the physical share certificates were kept. I didn't know where to start."

Determined to recover his rightful inheritance, Aditya reached out to the team at Share Samadhan, a leading provider of share recovery services based in Delhi. "The moment I explained my situation, they understood the gravity of the problem and assured me that they would guide me through the entire process," says Aditya.

The Path to Recovery

The Share Samadhan team began by meticulously combing through Rajesh's financial records, piecing together a list of the companies in which he had invested. "It was no less than a complex puzzle," added Aditya. "But the team at Share Samadhan was relentless in their pursuit, leaving no stone unturned."

Once the list of companies was compiled, the next step was to initiate the process of share recovery. "The team at Share Samadhan helped me navigate the intricate procedures required to claim the shares," explains Aditya. "They assisted me in filing the necessary applications, obtaining the required documentation, and coordinating with the respective companies."

The 1st Step of Getting a Duplicate Share Certificate:

Aditya Sharma's journey to reclaim his late father Rajesh Sharma's investment portfolio was dealt with by the expert team at Share Samadhan. First, they guided Aditya through the intricate process of obtaining duplicate share certificates for the physical shares his father had invested in over the years. This involved Aditya filing the necessary police complaint and obtaining the required documentation, including the indemnity bond and succession certificate. Share Samadhan then coordinated with the respective companies to initiate the duplicate issuance procedure, which included publishing the mandatory newspaper advertisements and obtaining the companies' approvals. Within the stipulated 36-working-day timeline, Share Samadhan ensured that Aditya received the Letter of Confirmation for the shares, which he then promptly deposited with his depository participant for dematerialization.

The Final Step:

With the duplicate share certificates in hand, Share Samadhan then expertly guided Aditya through the transmission of shares process following his father's passing. They assisted Aditya in obtaining the necessary legal documents, including the succession certificate from the court, as the value of the shares exceeded ₹5 lakhs. Share Samadhan then coordinated with the respective companies to initiate the transmission procedure, ensuring Aditya submitted the required application forms and supporting documents. Throughout the process, the team ensured compliance with all regulatory requirements, including publishing the mandatory newspaper advertisements. With their diligent efforts, Aditya was able to seamlessly transfer the ownership of his late father's shares to his name, reclaiming his rightful inheritance valued at over ₹6 crores.

 The Treasure Trove

To Aditya's surprise, the shares his father had invested in over the years amounted to a substantial sum. "When the team at Share Samadhan finally provided me with the details, I was astounded," he says. "Didn’t know that my father had such a portfolio that the value of the shares would be in the crores!"

The breakdown of the recovered shares was as follows:

- Reliance Industries: 5,000 shares valued at ₹2.5 crores

- Infosys: 3,000 shares valued at ₹1.8 crores

- HDFC Bank: 2,500 shares valued at ₹1.2 crores

- Tata Consultancy Services: 1,800 shares valued at ₹90 lakhs

"I couldn't believe my eyes," Aditya exclaims. "It was like uncovering a treasure trove that had been hidden away for years. The team at Share Samadhan had truly worked wonders in helping me reclaim my rightful inheritance."

Overcoming the Complexities

The process of share recovery, however, was not without its challenges. "The team at Share Samadhan guided me through the intricate procedures required to claim the shares," says Aditya. "From obtaining the necessary documentation to coordinating with the various companies, they ensured that every step was executed flawlessly."

One of the key hurdles was the requirement to obtain a succession certificate, a legal document that certifies the rightful heir to the deceased's assets. "The team at Share Samadhan assisted me in navigating the legal system and obtaining the succession certificate," Aditya explains. "Without their expertise, I would have been lost in the maze of paperwork and bureaucracy."

A Happy Ending

After months of diligent work, Aditya's persistence paid off. "The team at Share Samadhan worked tirelessly to ensure that every detail was taken care of," he says. "They kept informing me every step of the way, and their commitment to my case was truly remarkable."

Aditya' with his possession can finally breathe a sigh of relief. "It's like a weight has been lifted off my shoulders," he says. "Thanks to the team at Share Samadhan, I've been able to reclaim my father's legacy and secure my financial future."

Aditya's story is a testament to the power of determination and the importance of seeking expert guidance. "If it weren't for the team at Share Samadhan, I would have never been able to uncover this hidden treasure," he concludes. "Their expertise and dedication have truly made all the difference."

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