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Indian investors have investments to the tune of ₹1 lakh crore stuck with the IEPF Authority of India. This is because several investors had invested in shares during the era of physical shares and have now forgotten about them, or have passed away without informing their legal heirs about these investments. Consequently, those shares whose dividends have not been claimed for 7 consecutive years have been transferred to the IEPF. Now the onus is on legal heirs and aged shareholders to recover their wealth from the IEPF.
In case you are the legal heir or the shareholder of LIC Housing Finance shares, and want to know how to make an LIC Housing Finance IEPF recovery, read this resource.
Making an IEPF Claim can be a time-consuming, laborious process and involves running from pillar to post seeking the right documentation from various sources. Sometimes people give up their claims, but at Share Samadhan, we go the extra mile to help you recover your investments. Moreover, you can make only one consolidated IEPF claim per company each year, so taking the help of a professional will certainly expedite the process.
To recover your LIC Housing Finance shares from the IEPF, first verify whether those shares have indeed been transferred to the IEPF. Once you receive confirmation that those shares have been transferred to the IEPF, you can fill out the IEPF-5 form available on the MCA portal. Then you need to send a copy of this form along with the documents to the IEPF Nodal Officer of LIC Housing Finance. Once you send it, they will verify your claim and send it to the IEPF authority to release your dues.
These are the following steps in detail:
STEP 1: Seek Confirmation Whether You Own LIC Housing Finance Shares and Dividends
You can check the following places for details about your shares:
You should be able to trace whether you have such shares from these sources.
STEP 2: Collect the Necessary Documents to Fill IEPF 5 Form
Once you have completed checking whether your shares have really been transferred to IEPF, you can then proceed to fill out the IEPF-5 form.
The requirements on the form can vary depending on whether you are the original shareholder, a joint holder, an NRI, or a legal heir of a deceased shareholder.
Commonly required documents may include:
Before proceeding, carefully compare the information across your documents. Differences in your name, signature, address, shareholding details or other particulars may require additional documentation or clarification during verification.
STEP 3: Submit your IEPF Form 5 on the MCA Portal
Once you have gathered all the required information, you need to submit the documents on the MCA website. First register yourself, then begin to fill out the IEPF-5 form with all the required documents and details.
STEP 4: Send the physical documents to LIC Housing Finance
After submitting Form IEPF-5 online, print the completed form and send it along with the required supporting documents to the IEPF Nodal Officer of LIC Housing Finance. You can also send it to its Registrar and Transfer Agent (RTA). Mention "Claim for Refund from IEPF Authority" on the envelope for easy identification.
The document set generally includes:
Before dispatching the documents, ensure that all documents are complete, properly signed, and self-attested wherever required. It is also advisable to retain copies of the complete document set along with the courier or postal receipt for future reference.
Share Samadhan first checks whether your case is feasible or not. The team will go through your documents and then decide whether those documents are sufficient to make an IEPF Claim. Since an IEPF claim requires several documents, Share Samadhan will help you get all the required documents in order. The team will scrutinize the papers and help you get them free of spelling mistakes or incorrect information. Share Samadhan will help you fill in IEPF Form 5 correctly with the right documentation. Share Samadhan acts as a bridge between the investor and the relevant authorities such as the concerned company, Registrar and Transfer Agent (RTA), and IEPF Authority throughout the recovery process. Share Samadhan assigns a dedicated account manager to oversee the case and keep the investor informed about the progress of the recovery process.
1. Can I recover my LIC Housing Finance shares from IEPF without physical share certificates?
Yes. Even if you do not have your physical share certificates, Share Samadhan can help you recover your LIC Housing Finance IEPF shares from IEPF by identifying alternative evidence of share ownership and guiding you through every step of the recovery process.
2. How does Share Samadhan help with LIC Housing Finance share recovery?
Share Samadhan provides end-to-end assistance with LIC Housing Finance share recovery. From reviewing your case and arranging documents to filing your IEPF claim and coordinating with the relevant authorities, our team supports you throughout the process.
3. Will I get a dedicated Account Manager for my LIC Housing Finance share recovery case?
Yes. Share Samadhan assigns a dedicated Account Manager to handle your case from start to finish. You will also receive support from a team of lawyers, accountants, and other professionals to help manage the documentation and recovery process.
4. Can NRIs recover their LIC Housing Finance shares from IEPF without travelling to India?
Yes. Share Samadhan assists NRIs with the LIC Housing Finance share recovery process remotely. Our team helps with documentation, IEPF claim filing, and coordination with the relevant authorities, reducing the need for NRIs to travel to India.
5. Does Share Samadhan help with IEPF claim filing for LIC Housing Finance shares?
Yes. Share Samadhan assists with preparing the required documents, filing the IEPF claim, and coordinating with the company's Nodal Officer or Registrar and Transfer Agent (RTA) to obtain relevant information and address queries during the recovery process.