Blog

Before diving into the process of claiming unclaimed shares and dividends from the Investor Education and Protection Fund (IEPF) for Kotak Mahindra Bank Ltd, let's understand why this is significant. Since its listing on the stock exchanges, Kotak Mahindra Bank Ltd has consistently been a top performer in the stock market. Back in the year 2000, the price per share was approximately Rs. 5. As of November 7, 2022, the price per share has soared to Rs. 1884, without accounting for any bonuses or stock splits.

Bonus History (Kotak Mahindra Bank)

Imagine you bought 150 shares of Kotak Mahindra Bank Ltd in 2000 at Rs. 5 per share.

Total Investment = 150 shares  Rs. 5 = Rs. 750

Here's how your investment would have grown over the years:

• Bonus Shares on August 25, 2004, at a ratio of 1:1
  - Number of Shares post Bonus = 300
• Bonus Shares on August 25, 2005, at a ratio of 3:2
  - Number of Shares post Bonus = 750
• Stock Split on September 13, 2010, at a ratio of 2:1
  - Number of Shares post Split = 1500
• Bonus Shares on July 8, 2015, at a ratio of 1:1
  - Number of Shares post Bonus = 3000

So, if you originally purchased 150 shares in the year 2000, you would now own 3000 shares after accounting for all the bonuses and stock splits.

Given the current market price of Rs. 1884 per share (as of November 7, 2022):

Total Value of Investment Now = 3000 shares  Rs. 1884 = Rs. 56,52,000 (approximately Rs. 56.5 lakhs)

An initial investment in 150 shares of Kotak Mahindra Bank Ltd in 2000 would now be worth around Rs. 56.5 lakhs. If your unclaimed shares have been transferred to the IEPF, you could be missing out on a significant net worth including bonus shares and dividends. Considering this substantial amount, it's imperative to reclaim your unclaimed shares and dividends of Kotak Mahindra Bank Ltd. from IEPF.

Kotak Mahindra’s Rapid Expansion

An investment of 1 lakh in 1985 is today worth Rs. 1,400 crore, highlighting the Kotak Mahindra Group's rapid expansion over the past three decades. Today, the Kotak Mahindra Group stands as a leading financial services company in India. "An investment of Rs. 1 lakh in the Kotak Group in November 1985 is now worth Rs. 1,400 crore, representing a compounded growth rate of 40% over the past 32 years," Uday Kotak, executive vice-chairman and managing director of Kotak Mahindra Bank, stated recently while launching the bank's new '811' savings account scheme.

Kotak Capital Management Finance Limited, the precursor to the Kotak Mahindra group, was established in 1985 by Uday Kotak, Sidney A. A. Pinto, and Kotak & Firm. Industrialist Anand Mahindra, an early supporter, recently remarked that his investment in the Kotak Group was one of his best decisions. In 1986, industrialists Harish Mahindra and Anand Mahindra acquired a stake in the company, leading to its renaming as Kotak Mahindra Finance Limited. In 2003, Kotak Mahindra Finance transitioned into a commercial bank.

"Within less than three decades, Kotak Mahindra has grown from a small startup to one of the world's largest and most respected corporations," the company asserts.

Industry analysts note that "a thousand rupee investment in Kotak Mahindra shares in 1985 is worth crores in 2021."

What do these figures signify for the average investor? The primary takeaway is that someone who invested in stocks in 1984 could have become extraordinarily wealthy. This underscores the significance of recovering unclaimed shares. Newly revealed statistics from Kotak Mahindra indicate that it has the highest amount of unclaimed shares or unclaimed dividends among Indian companies.

What is the Source of Unclaimed Dividends?

Investors often diversify their portfolios by investing in various companies to minimize the risk of losing money. While this strategy can be beneficial, people sometimes forget about their small investments and fail to recognize their potential benefits. As a result, purchased shares may remain inactive for years without being claimed. When elderly investors buy stock, they may neglect to designate an heir for the shares before their demise. This can lead to businesses having unclaimed dividends or shares.

IEPF Unclaimed Dividend

Any individual whose unclaimed or underpaid money has been transferred by a company to the IEPF authorities can reclaim their reimbursements.

Transmission of Physical Shares

Upon a shareholder's death, there is an option to transfer shares to the heir. When a shareholder dies, their rights to the shares pass to the person who inherits them under the will or through intestate succession. The rights of the deceased shareholder are managed by the executors (if a will exists) or the estate administrators if the shareholder died intestate.

It is crucial to keep share certificate information readily available. If an investor does not have the certificate, they can apply for duplicate shares in accordance with legal regulations.

This ensures that shares and dividends are not left unclaimed and that rightful heirs or claimants can secure the benefits.

The Status of Kotak Mahindra’s Unclaimed Shares

Kotak Mahindra, one of India's largest firms, has the highest amount of unclaimed dividends according to a recent MCA study. As of 2015, Kotak Mahindra had nearly 60 crores in unclaimed dividends from investors. The company’s website provides all the necessary information on unclaimed dividends and has actively encouraged investors to claim their dividends and recover shares or refunds before the funds are transferred to the IEPF. Shareholders can find information about their unclaimed dividends at the following link:

https://www.kotak.com/en/investor-relations/investor-information.html

To understand the current value of Kotak Mahindra shares bought long ago, consider the following data:

• The market capitalization of Kotak Mahindra has increased 5000-fold from 1985 to 2021.
• The Bank’s Profit After Tax (PAT) for Q4FY21 increased to 1,682 crores from 1,267 crores in Q4FY20, a 33% rise. For FY21, it increased to 6,965 crores from 5,947 crores in FY20, up 17%.

Owning a Kotak Mahindra share from the 1980s would be one of the most profitable investments ever. Therefore, reclaiming Kotak Mahindra shares is a profitable endeavor. Considering the potential revenue from unclaimed dividends, spending a small sum to recover lost shares is worthwhile. Legal assistance is often necessary to recover these shares, especially if the original investor has passed away and the family is trying to claim the shares. Legal professionals can help resolve claims among family members and file claims with the IEPF.

Dematerialisation (Demat)

If you wish to access Dematerialisation (Demat), you can convert your physical share certificates into electronic format stored in an account with a Depository Participant. This process enables you to obtain a Kotak Mahindra share certificate electronically.

Those who own physical shares of Kotak Mahindra can choose to transfer or liquidate their holdings using this method.

Why Have Your Unclaimed Shares of Kotak Mahindra Bank Ltd Been Transferred to IEPF?

According to government regulations, dividends on shares that remain unclaimed for 7 or more consecutive years must be transferred to the Investor Education and Protection Fund (IEPF) by the respective company. The transfer of shares to IEPF becomes mandatory if dividends are unclaimed for this period. In the past, if investors failed to claim their dividends, companies could take advantage of their unawareness and keep the money. To address this issue, the government established the IEPF, requiring companies to transfer unclaimed shares after 7 years.

What is IEPF and its Purpose?

The Investor Education and Protection Fund (IEPF) was introduced by the Government of India on September 7, 2016, under the provisions of Section 125 of the Companies Act, 2013. The IEPF serves as a regulatory framework aimed at protecting and managing investors' funds.

The responsibilities of IEPF include:

• Making refunds and recovering shares:
  Handling unclaimed shares, matured deposits/debentures, and unpaid dividends.
• Promoting investor awareness:
  Educating investors about their rights and investment procedures. - Reimbursing legal expenses: Covering legal costs incurred by depositors in pursuing action suits.

By establishing the IEPF, the government ensures that unclaimed funds are managed responsibly and that investors are protected and informed.

How to Find Unclaimed Shares & Making a Claim Through the IEPF

Previously, unclaimed investments were transferred to the government for public use according to government policy. However, the government eventually decided to create an unclaimed dividend fund where companies' lost or unclaimed shares could be placed. This allows heirs or anyone rediscovering an old investment to report it to the fund’s management authority to recover their lost money and shares. The Government of India established the Investor Education and Protection Fund (IEPF) with this purpose in mind.

Provisions of the Investor Education and Protection Fund

The Ministry of Corporate Affairs published the regulations for the Investor Education and Protection Fund in 2017. According to these rules, any money left in a company's unpaid dividend account for 7 years without a claimant must be transferred to the IEPF, along with any accrued interest. Claimants can recover their transferred funds by filing an application with the IEPF. This makes the IEPF a central resource for investors seeking to reclaim lost shares. It simplifies the process of requesting refunds for lost shares and allows investors to recover their long-forgotten investments.

Required Documents for Claiming Lost Shares

In the case of lost shares, you should provide the following documents to the company or registrars:

• Affidavit
• Indemnity and surety bond
• Original copy of the FIR for the loss of share certificates
• Copy of the advertisement announcing the loss in the government gazette publication

How to Recover Kotak Mahindra’s Unclaimed Shares or Dividends Transferred to the IEPF

The following steps outline the basic principles that an average investor can use to request a refund of shares from the IEPF:

1. Identify Unclaimed Shares: Check the Kotak Mahindra website or contact the company to confirm if your shares have been transferred to the IEPF.
2. Gather Required Documents: Prepare the necessary documents, including an affidavit, indemnity, and surety bond, FIR copy, and advertisement publication.
3. File an Application: Submit an application with the IEPF authority, including all required documents and details of your unclaimed shares or dividends.
4. Follow-up: Stay in contact with the IEPF authority and the company's registrar to ensure your claim is processed.

By following these steps, you can recover your unclaimed shares and dividends from Kotak Mahindra that were transferred to the IEPF.

Procedure for Claiming Dividends and Shares of Kotak Mahindra Bank Ltd from IEPF Authority

IEPF stands for Investor Education and Protection Fund. To claim dividends and shares from IEPF, follow these steps:

1. Access the IEPF-5 Form: - Visit the IEPF website and access the IEPF-5 form on the MCA portal. - Carefully read the instructions provided in the instruction kit on the IEPF website.
2. Complete and Submit the Form: - Fill out the IEPF-5 form with the required details. - Submit the completed form online. - After submission, you will receive an acknowledgment with a "Submit Request Number" (SRN). Keep this SRN for future tracking of your form.
3. Print and Gather Documents: - Print the submitted form along with the acknowledgment. - Prepare the original copy of the indemnity bond, a copy of the acknowledgment, the share certificate, and the IEPF Form 5. - Include a self-attested copy of your Aadhaar card, bank account details linked with the Aadhaar card for receiving the claim, and your Demat account number.
4. Submit Documents to the Nodal Officer: - Send all the above documents to the Nodal Officer (IEPF) of Kotak Mahindra Bank at its registered office. - Label the envelope with "Claim for Refund from IEPF Authority."
5. Verification and Forwarding: - The Nodal Officer will verify your claim form. - Upon verification, the Nodal Officer will submit the claim to the IEPF Authority. - Based on the verification report, the IEPF authority will process the refund of unclaimed shares and dividends to your client account.
6. IEPF Authority Response: - The IEPF authority is required to respond to the verification report sent by the company within 60 days.

The process of claiming a refund from IEPF can be lengthy and may take more than 8-12 months. By following these steps, you can claim your unclaimed dividends and shares of Kotak Mahindra Bank Ltd from the IEPF authority. If you don’t want to take all this headache and want your shares and dividends to be recovered smoothly, get in touch with a professional team.

Ensure Complete Applications

It is crucial not to submit an incomplete application. If the verifying authority finds that your application is missing information or requires additional documents, they will notify you via email, detailing the issues and requesting the necessary documents. You must then provide the corrected or additional documents within 15 days of receiving the notification. Failure to submit the documents on time may result in your claim application being rejected. All required documents must be sent to the verifying nodal officer of the company within the specified 15-day period.

The Value of Kotak Mahindra Shares and the Claim Process

Understanding the entire process of recovering unclaimed money or dividends from a company is essential. Kotak Mahindra's stock has significantly appreciated over the past few decades. Therefore, claiming shares that have been lost or unclaimed for a long time can yield a substantial value today, akin to discovering a hidden treasure on ancestral land.

However, recovering these funds and retrieving shares involves submitting the required evidence and adhering to all the specified procedures. A practical solution to this time-consuming task is to hire a law firm to handle the documentation and filing on your behalf. These firms can guide you through the entire process, making the recovery of shares much easier.

If you have concerns or questions about recovering or transferring shares, it is advisable to consult Share Samadhan, a reputable legal firm with experts who can assist you in reclaiming your unclaimed shares and dividends from IEPF. Don't delay; seek professional help to ensure a smooth recovery process for your valuable shares.

JSW Steel, a leading steel manufacturer in India and part of the JSW Group, has undergone significant developments recently. Originally established as Jindal Vijayanagar Steel Ltd. in 1982, the company rebranded to JSW Steel in 2005 and is headquartered in Mumbai. As of March 2023, JSW Steel's installed manufacturing capacity stood at 28.5 million tonnes per annum (MTPA), with plans to expand this to 39 MTPA by the end of the financial year 2024. People who have unclaimed shares and dividends of JSW Steel must go for an IEPF claim as it can help them unfold investments worth crores now.

Financial Performance and Dividends

For the financial year ending March 2024, JSW Steel has maintained a dividend rate of 20%. However, as of March 31, 2023, the company reported unclaimed dividends amounting to ₹11,53,078, which reflects the ongoing issue of unclaimed shareholder dividends. These unclaimed amounts are transferred to the Investor Education and Protection Fund (IEPF) if not claimed within seven years.

Upcoming Annual General Meeting

JSW Steel is set to hold its 30th Annual General Meeting (AGM) on July 26, 2024, where shareholders will discuss the audited financial statements for the fiscal year ending March 31, 2024. This meeting will be conducted via video conferencing, reflecting the company's commitment to accessibility and transparency in its operations.

Overall, JSW Steel continues to strengthen its position in the steel industry while addressing shareholder concerns regarding unclaimed dividends and shares.

JSW Steel has shown impressive growth over the past 22 years, significantly enhancing shareholder value.

Historical Performance

In 2000, the share price of JSW Steel was approximately ₹0.58. As of July 25, 2024, the current market price is ₹874.00. This substantial increase reflects the company's strong performance in the stock market.

Investment Calculation

If you had purchased 100 shares of JSW Steel in 2000 at ₹0.58 per share, your initial investment would have been:

Total Investment=100×0.58=₹58

Stock Split Impact

JSW Steel executed a stock split on September 8, 2017, in a 10:1 ratio. After the split, your 100 shares would have increased to:

Number of Shares after Split=100×10=1,000 shares

Current Value of Investment

With the current market price at ₹874.00, the total value of your investment would now be:

Total Value of Investment=1,000×874.00=₹874,000

Summary

If you had invested ₹58 in JSW Steel shares in 2000, your investment would now be worth approximately ₹874,000 as of July 25, 2024. This remarkable increase highlights the importance of claiming any unclaimed shares or dividends, as the potential value is substantial. Shareholders should take note of this growth and consider retrieving any unclaimed assets to benefit from their investment fully.

Dividend History:

Source: https://www.moneycontrol.com/company-facts/jswsteel/dividends/JSW01

The Unclaimed Dividend Dilemma

Unclaimed dividends are a significant issue in India, with over ₹5,000 crores lying unclaimed as of November last year, according to the Investor Education and Protection Fund (IEPF). When shareholders fail to claim their dividends, these unclaimed funds are held by the company for a certain period before being transferred to the IEPF, which is managed by the Ministry of Corporate Affairs.

Reasons for Unclaimed Dividends

There are several reasons why dividends may go unclaimed, including changes in address, misplaced or damaged physical share certificates, non-updation of bank details, and the death of the primary holder with no information passed on to inheritors. To prevent this, it is crucial for shareholders to ensure that their contact information is up-to-date with the company and to claim dividends on time.

The Role of the IEPF

The IEPF plays a crucial role in protecting investor interests and promoting investor education in India. It offers guidance to investors on various topics, including investment risks, investor rights, and investment scams, helping them make informed decisions and avoid falling victim to fraudulent schemes. The IEPF is also responsible for enforcing investor protection laws and ensuring that companies comply with these regulations.

Recovering Unclaimed Dividends from the IEPF

To recover IEPF unclaimed dividends or IEPF unclaimed shares from the IEPF, investors must follow a specific process. First, they need to complete the IEPF-5 form with all the required information, such as personal details, specifics on the shares or dividends to be claimed, and bank account details for reimbursement.

The Verification Process

Next, the claimant must send the completed IEPF-5 form, along with the necessary supporting documents, to the Nodal Officer/Registrar of the company that owes the money. The company has 15 days to compile a verification report and send it to the IEPF Authorities with the claimant's supporting materials. The IEPF Authority then has 60 days to issue a sanction order for the claimed refund after confirming the claimant's eligibility.

Limits on Consolidated Amounts

It is important to note that there are certain limits on the maximum consolidated amount per claim that can be made. For unclaimed dividends, the total amount claimed across all companies in a single IEPF-5 form should not exceed ₹10 lakhs per claim. For unclaimed shares, the total market value of shares claimed across companies should not exceed ₹5 lakhs in one claim.

Streamlining the Process

In the recent Union Budget 2023 announcement, the Finance Minister highlighted the need for a more efficient process for investors to reclaim their unpaid dividends and unclaimed shares. To facilitate this, an integrated IT portal will be developed to streamline the process and enhance convenience for shareholders. This portal will facilitate IEPF shares search, IEPF claim, and provide information on how to find unclaimed shares.

Increasing Awareness

Despite multiple efforts from the authorities concerned, the refund rate remains extremely low at 1.8%. Therefore, it is crucial for investors to stay informed about the channels and methods available for them to claim what rightfully belongs to them. Opting for an IEPF unclaimed shares search can significantly aid in this process.

Conclusion

Unclaimed dividends and shares are a significant issue in India, with a large amount of money lying idle instead of compounding returns in markets or bank savings. The IEPF plays a crucial role in protecting investor interests and promoting investor education, but more needs to be done to increase awareness and streamline the process of claiming unclaimed funds. Investors should ensure that their contact information is up-to-date with the company and claim dividends on time to prevent their funds from going unclaimed. Get in touch with Share Samadhan, the leading share recovery firm in Delhi, and make the process easy for yourself. The assistance of the dedicated team can help you get the answer on how to find unclaimed shares.

FAQs

Q1: Who is eligible to file an IEPF claim?

A: Shareholders or their legal heirs, successors, or nominees can file an IEPF claim to recover unclaimed dividends or shares.

Q2: How can I file an IEPF claim?

A: You can file an IEPF claim by submitting the necessary documents and forms online on the IEPF Authority's website and sending the physical copies to the respective nodal officer of the company.

Q3: What documents are required for an IEPF claim?

A: Required documents include the claimant's identity proof, address proof, original share certificates, indemnity bond, and any other documents specified by the IEPF Authority.

Q4: How long does it take to process an IEPF claim?

A: The processing time for an IEPF claim can vary, but it generally takes a few months from the date of submission of the claim to the IEPF Authority.

Q5: What should I do if I find unclaimed shares in the IEPF?

A: If you find unclaimed shares in the IEPF, you need to file an IEPF claim to recover them by submitting the required documents and following the IEPF Authority's procedures.

Adani Enterprises Limited (AEL) is a leading company with businesses ranging from coal trading, power generation, and infrastructure development to renewable energy, agribusiness, and defense. AEL is a publicly traded company that has been listed on the Indian stock exchanges since 1994. If you have lost your shares of Adani Enterprises Limited and are wondering how to recover shares from IEPF, the good news is that you opt for an IEPF claim in order to get them back. In this blog, we will provide you with a step-by-step guide on how to recover shares from IEPF.

About Adani Enterprise Limited

The Adani Group traces its origins back to a modest beginning in commodity trading, dealing initially with agricultural products and textiles. By the early 1990s, the company had ventured into importing and exporting both raw materials and finished goods.

During the late 1990s, the Adani Group embarked on a path of diversification, expanding into sectors such as infrastructure, logistics, and energy. A pivotal achievement during this period was the establishment of Mundra Port, India's first private port, in 1998. Subsequently, the group extended its footprint into developing airports, roads, and power plants.

Entering the early 2000s, the Adani Group emerged as a key player in India's renewable energy landscape, focusing notably on solar and wind power projects. This period also marked the group's global expansion, with investments in ports, mines, and power facilities across Indonesia, Australia, and Africa.

More recently, the Adani Group has encountered significant scrutiny and opposition regarding its proposed Carmichael coal mine in Australia. Despite facing challenges from environmental groups and local communities, the company continues to pursue growth and investment opportunities across diverse industries in India and globally.

Adani History Table:

Source: https://groww.in/blog/history-of-adani-group

Adani Stock Price (July 2023-June 2024):

Source: https://finance.yahoo.com/quote/ADANIENT.NS/history/?frequency=1mo

Adani Dividend History:

Source: https://www.moneycontrol.com/company-facts/adanienterprises/dividends/AE13

Latest Big Investment News of Adani

According to a report by the Economic Times, Adani Enterprises plans to invest around Rs 1.75 lakh crore ($21 billion) in its airports business over the next ten years, as stated by group CFO Jugeshinder Singh. This significant investment will be overseen by Adani Airport Holdings, which currently operates seven airports in India.

The initial phase of city-side development has begun at airports in Mumbai, Ahmedabad, Jaipur, Lucknow, and Guwahati. The company aims to boost its revenue from non-aero segments, targeting these segments to contribute 75 percent to the overall revenue. Adani Airport is also planning to go public by 2028.

In addition to managing these airports, Adani Airport Holdings is overseeing the construction of the Navi Mumbai International Airport, which is anticipated to be completed by early next year. Singh highlighted the group's dedication to enhancing India's airport infrastructure, with a focus on gateway development, regional expansion, and the integration of digital technology.

For FY25, the Adani Group plans to invest Rs 1.3 lakh crore ($15.6 billion) across various sectors, with a significant portion directed towards green energy and airport projects. The group aims to raise $2-3 billion through equity within this financial year, primarily sourcing funds from internal cash flows.

Furthermore, Chairman Gautam Adani recently unveiled a $100-billion investment plan for energy transition and infrastructure development over the next 10 years. Additionally, the group is targeting an addition of 40 GW of renewable energy capacity by 2030, which will necessitate an investment of approximately Rs 2 lakh crore.

Source: https://www.moneycontrol.com/news/business/adani-enterprises-to-invest-rs-1-75-lakh-crore-in-airports-business-in-next-10-years-report-12756273.html

Gautam Adani: Hindenburg Report Timed to Disrupt FPO; Company Growth Remains Strong

At the 32nd annual general meeting (AGM) with shareholders on Monday, Adani Group Chairman Gautam Adani addressed the Hindenburg saga, describing it as a ‘designed attack’ aimed at disrupting the company’s follow-on public offer (FPO).

"It was designed to defame us. It was a two-sided attack, a vague criticism of our financial standing," said Adani about the US short seller's scathing report against the conglomerate last year.

He also pointed out that certain sections of the media played a role in amplifying the attack, which he believes was orchestrated to damage his reputation and erode the market value of his companies. Adani characterized the incident as a targeted effort designed for maximum defamation and financial harm.

"We safeguarded our portfolio against any volatility by pre-paying Rs 17,500 crore in margin-linked financing," said Adani.

Discussing the much-discussed FPO, Adani highlighted that the company maintained “ethical” practices by returning the money of investors.

“Despite successfully raising Rs 20,000 crore through India’s largest ever FPO, we made the extraordinary decision to return the proceeds. This underscored our dedication to investors and our commitment to ethical business practices,” he said. Hindenburg, in a report, accused the group of stock manipulation and improper use of tax havens, triggering a sell-off in Gautam Adani's ports-to-power conglomerate.

Addressing the short-seller attack, Adani described it as a coordinated effort involving distortion of information and political allegations. According to Adani, the timing of the attack was strategically aimed to coincide with a follow-on public offer (FPO), suggesting a deliberate attempt to disrupt the market.

Source: https://www.business-standard.com/companies/news/hindenburg-report-timed-to-disrupt-fpo-company-growth-strong-gautam-adani-124062400278_1.html

About IEPF:

The Investor Education and Protection Fund (IEPF) was created by the Indian government under the Companies Act, 2013, to safeguard investors' interests and foster investor education. Managed by the Ministry of Corporate Affairs, the fund provides compensation to investors who have incurred losses due to unpaid dividends or unclaimed investments.

Step-by-Step Guide to Recover Your Lost Shares from IEPF

Step 1: Determine Your Eligibility

Before initiating the process to recover your shares from the Investor Education and Protection Fund (IEPF), you need to confirm your eligibility. According to IEPF regulations, you can claim your shares if you fall into one of the following categories:

- Shareholders who haven't claimed their dividends for seven consecutive years.

- Shareholders who haven't exercised their voting rights for seven consecutive years.

- Shareholders whose unclaimed shares were transferred to IEPF after being declared abandoned by the company.

- Legal heirs or successors of deceased shareholders.

If you meet any of these criteria, you can proceed to the next steps.

Step 2: Gather Required Documents

To claim your shares from IEPF, you'll need to submit specific documents, including:

- A copy of your PAN card.

- A copy of your Aadhaar card.

- A bank statement/ canceled cheque.

- Proof of ownership of the shares (e.g., share certificate or demat statement).

- Any additional documents requested by the IEPF authority.

Ensure all necessary documents are ready before moving to the next step.

Step 3: Submit an Online Application

Visit the IEPF website (www.iepf.gov.in) to file an online application. The application process is straightforward. You will need to provide your personal details, contact information, and specifics about the shares you wish to claim.

Upon submitting your application, you will receive an acknowledgment receipt containing a unique IEPF claim ID. Keep this receipt for future reference and correspondence with the IEPF authority.

Step 4: Verification of Your Claim

The IEPF authority will then verify your claim. This involves checking your documents and confirming your eligibility to claim the shares. This process may take some time.

Once your claim is verified, the IEPF authority will issue a refund order in your name. This order, containing details like the refund amount and the bank account information, will be sent to your registered address.

Step 5: Receive Your Refund

Take the refund order to your bank and provide the necessary details. The bank will then credit the refund amount to your account. The lost share recovery of Adani Enterprises Limited can be done online from the Investor Education and Protection Fund (IEPF). If you are eligible, start by gathering all the necessary documents. Then, file an online application on the website for an IEPF claim. After submitting your application, the IEPF authority will verify your claim. Once verified, a refund order will be issued in your name. Take this refund order to your bank and provide the required details to receive your refund. Following these steps will help you reclaim your lost shares and secure your investments. For a quick process, get in touch with Share Samadhan, the best share recovery firm in Delhi. Their professional services can help you understand the process of recovering your shares from IEPF efficiently and effectively.

Imagine the thrill of finding ₹1,000 in a forgotten pair of jeans. Now, amplify that feeling exponentially by discovering 1,000 shares of Tata Consultancy Services (TCS) purchased during its IPO. You’ve just unearthed a treasure trove worth ₹1 crore! However, if these shares have been unclaimed for over seven years, they may have been transferred to the Investor Education and Protection Fund (IEPF). To reclaim this treasure, you need to initiate an IEPF claim and conduct an IEPF unclaimed shares search. This process ensures that you can recover your valuable assets and enjoy the fruits of your investment.

The TCS Success Story

Tata Consultancy Services Ltd. (TCS) stands as India’s premier multinational giant in Information Technology (IT) and Consultancy Services. Since its inception, TCS has seen remarkable growth, hitting significant milestones along the way. In April 2018, TCS became the first IT company in India to reach a market capitalization of $100 billion, following in the footsteps of Reliance Industries Ltd. (RIL). Consistency has been TCS’s hallmark, and even amidst the global COVID-19 pandemic, the company delivered a stellar performance.

By March 2020, TCS reclaimed its position as India’s most valued firm, with a market capitalization of ₹6,82,408.68 crores, surpassing RIL by ₹6,959.73 crores. By September 2020, TCS became the first IT company and the second Indian company to achieve a market capitalization of ₹9 trillion, following RIL. In October, TCS surpassed Accenture to become the world’s most valuable IT company.

Reaping Rewards in Challenging Times

While the world grappled with the fallout from the COVID-19 pandemic, TCS continued to reward its investors handsomely. In the first two quarters of the 2020-21 fiscal year, TCS shares generated an aggregate dividend of ₹17 per share. If you or a deceased relative had purchased 1,000 shares during the TCS IPO in 2004, you would have received ₹68,000 in dividends for just the first two quarters of 2020 alone.

A Hidden Fortune Awaits

Don’t let unclaimed shares gather dust. Recovering lost TCS shares from the Investor Education and Protection Fund (IEPF) can unlock substantial wealth. If you have unclaimed TCS shares, now is the time to act. Start the recovery process today and you could potentially transform a forgotten investment into a multimillion-rupee windfall.

TCS Share Price and Performance

• TCS share price was ₹3,993.20 as of July 8, 2024, down 0.47% from the previous day's close.
• In the last 1 month, TCS's share price has moved up by 1.67%. - TCS's market capitalization is ₹14,26,938 crore, making it one of the most valuable companies in India.
• Analysts have a mixed outlook on TCS, with 5 recommending "Strong Buy", 19 recommending "Buy", 10 recommending "Hold", 7 recommending "Sell", and 2 recommending "Strong Sell".

TCS Dividends

TCS has announced several dividends in the recent past, including:

• Final dividend of 2800% (₹28 per share) announced on April 12, 2024
• Special dividend of 1800% (₹18 per share) announced on January 11, 2024
• Interim dividends of 900% (₹9 per share) announced on December 29, 2023, September 29, 2023, and June 30, 2023

Calculation

Let's say you bought 1,000 shares of TCS in 2004. Here's how those shares have grown over time:

Bonus Shares Issued:

- July 28, 2006: TCS issued bonus shares at a 1:1 ratio. This means for every share owned, shareholders received one additional share. So, your 1,000 shares doubled to 2,000 shares.

- June 16, 2009: TCS issued another set of bonus shares at a 1:1 ratio. This doubled your 2,000 shares to 4,000 shares.

Dividend Calculation:

The formula for calculating dividends is:

Dividend Received×Number of Shares=Total Dividend

So,

₹17×4,000 shares=₹68,000

Current Share Value:

As of July 8, 2024, the price of one TCS share was ₹3,983.70. So, the value of shares becomes:

₹3,983.70×4,000 shares=₹1,59,34,800

*(One Crore Fifty-Nine Lakhs Thirty-Four Thousand Eight Hundred Rupees)*

This calculation only includes the current market value of the shares, not the dividends received over the years.

Total Dividends Received:

TCS is renowned for rewarding its investors with substantial dividends. To date, the company has paid an aggregate dividend of ₹518.5 per share.

By reclaiming these shares from the Investor Education and Protection Fund (IEPF), you can unlock a significant fortune. The earlier you act, the sooner you can benefit from the impressive growth and dividends of TCS shares.

Dividend History Table:

TCS Share Recovery from IEPF

Shareholders who have unclaimed TCS shares or dividends can recover them from the Investor Education and Protection Fund (IEPF) by following the prescribed procedure. The IEPF was established to safeguard investor interests and ensure that unclaimed dividends, matured deposits, and other investor monies are not lost or misused. Shareholders need to fill out Form IEPF-5 and submit the required documents to initiate an IEPF claim for their TCS shares.

In summary, TCS continues to be a strong performer in the Indian stock market, with its share price and market capitalization reflecting the company's consistent growth and profitability. Shareholders can also recover any unclaimed TCS shares or dividends from the IEPF by following the necessary steps.

Unclaimed Shares and the IEPF

Suppose you or a deceased relative had purchased those 1,000 TCS shares during the IPO but failed to claim the dividends for seven consecutive years. In that case, those shares may have been transferred to the Investor Education and Protection Fund (IEPF) by the company. To reclaim these shares, you would need to conduct an IEPF shares search and follow the IEPF claim process.

The Indian government established the IEPF to safeguard investor interests and ensure that unclaimed dividends, matured deposits, and other investor monies are not lost or misused. If you find yourself in this situation, it's important to conduct an IEPF search to identify any unclaimed shares or dividends that may have been transferred to the IEPF.

By conducting an IEPF unclaimed shares search, you can locate any unclaimed TCS shares or IEPF unclaimed dividends that belong to you or your family. Following the proper procedures and submitting the necessary documentation can help you recover these assets and secure your financial interests. For a smooth IEPF shares search get in touch with the expert team at Share Samadhan, the leading share recovery firm in Delhi.

FAQ:

Q: What is the process of recovering shares through the IEPF claim?

A: To recover shares through the IEPF claim, you need to submit an application in Form IEPF-5 on the IEPF portal, along with the required documents. The documents should then be sent to the concerned company and the IEPF Authority for verification and approval.

Q: How long does it take to receive shares through the IEPF claim?

A: The time taken to process and receive shares after the IEPF claim can vary. Generally, it takes around 60 days from the date of submitting a complete application, provided all documents are in order and there are no discrepancies.

Q: How can I search for shares that have been transferred to the IEPF?

A: You can search for shares transferred to the IEPF by visiting the IEPF website and using the search facility provided. You need to enter the company name, folio number, and other relevant details to find your unclaimed shares.

Q: Can I conduct an IEPF shares search using my PAN number?

A: Yes, you can conduct an IEPF shares search using your PAN number on the IEPF portal. Enter your PAN and other required details to check for any shares transferred to the IEPF in your name.

Q: What information is required to perform an IEPF search?

A: To perform an IEPF search, you need details such as the company name, folio number, investor name, and PAN number. This information will help you locate any unclaimed shares or dividends transferred to the IEPF.

Q: Is there a fee for performing an IEPF search?

A: No, there is no fee for performing an IEPF search on the IEPF portal. The search facility is available free of cost to help investors locate their unclaimed shares and dividends.

Q: How can I search for unclaimed shares that have been transferred to the IEPF?

A: You can search for unclaimed shares transferred to the IEPF by visiting the IEPF website and using their search tool. You will need details such as the company name, folio number, and investor's PAN.

Q: Can IEPF unclaimed shares search be done for multiple companies at once?

A: Yes, you can search for unclaimed shares for multiple companies by entering the relevant details for each company on the IEPF portal's search tool.

Q: What are IEPF unclaimed shares?

A: IEPF unclaimed shares are shares that have remained unclaimed by investors for seven or more years and have been transferred to the Investor Education and Protection Fund by the respective companies.

Q: How can I claim my unclaimed shares from the IEPF?

A: To claim your unclaimed shares from the IEPF, you need to file Form IEPF-5 online, attach the required documents, and send them to the concerned company and the IEPF Authority for verification and approval.

Q: What is an IEPF unclaimed dividend?

A: An IEPF unclaimed dividend is a dividend that has remained unclaimed by shareholders for seven years or more, which is then transferred to the Investor Education and Protection Fund by the respective companies.

Q: How do I claim my unclaimed dividend from the IEPF?

A: To claim your unclaimed dividend from the IEPF, you must file Form IEPF-5 on the IEPF portal, along with the necessary documents, and send them to the concerned company and the IEPF Authority for processing and approval.

Sun Pharmaceutical Industries Ltd., commonly known as Sun Pharma, was founded in 1983 by Dilip Shangvi. Initially, it focused on manufacturing drugs for psychiatric illnesses, with operations limited to West Bengal and Bihar. However, by 1985, the company had expanded its sales network across India. In 1987, Sun Pharma ventured into cardiology, launching several successful products, including Monotrate, which remains a top seller in the category.

By 1994, Sun Pharma had gone public, listing on major Indian stock exchanges. Today, it is a global specialty pharmaceutical company with a presence in 30 markets. The company produces active pharmaceutical ingredients (APIs) and its medications are widely prescribed for chronic therapies in areas such as respiratory, gastrointestinal, psychiatry, and neurology.

In 1993, Sun Pharma established the SPARC research facility, bolstering its product and process development capabilities. The company's manufacturing facilities, located in India, the US, Hungary, and Bangladesh, have received approvals from regulatory authorities such as the USFDA and UK MHRA. Sun Pharma operates 19 facilities dedicated to the production of APIs and dosage forms.

Sun Pharma's international growth was significantly boosted in 2004 when it increased its stake in Caraco from 44% to over 60% by purchasing shares and options from major shareholders for approximately $42 million. By 2007, Sun Pharma's diluted stake in Caraco had grown to 75%. The company's formulation facility in Halol, India, received approvals from regulatory bodies including the USFDA, UK MHRA, South African MCC, Brazilian ANVISA, and Colombian INVIMA.

According to the BT Stern Stewart report, Sun Pharma ranks among the top 20 wealth creators in India and is one of the top three in the pharmaceutical industry. The company has also established a state-of-the-art formulation production facility in Jammu and operates its first joint venture manufacturing facility in Dhaka, Bangladesh, which spans 25,000 square feet.

In 2014, Sun Pharmaceutical Industries announced definitive agreements to acquire 100% of Ranbaxy Laboratories in an all-stock transaction, further consolidating its position in the pharmaceutical sector.

Dividend History:

Understanding the Investor Education and Protection Fund (IEPF) Authority

The Investor Education and Protection Fund (IEPF) Authority is a statutory entity created by the Indian government under the Companies Act, 2013. It aims to safeguard investors' interests and promote investor education. Managed by the Ministry of Corporate Affairs, the fund compensates investors for losses due to non-payment of dividends or unclaimed investments.

How to Retrieve Your Unclaimed Shares from the IEPF Authority: A Step-by-Step Guide

Step 1: Verify Eligibility

Before starting your IEPF claim for IEPF unclaimed shares, ensure you meet the eligibility criteria. According to IEPF rules, the following shareholders can file a claim:

• Shareholders who haven't claimed dividends for seven consecutive years
• Shareholders who haven't exercised voting rights for seven consecutive years
• Shareholders whose shares were declared unclaimed or abandoned and transferred to the IEPF Authority
• Legal heirs or successors of shareholders who have passed away

If you fall into one of these categories, you can proceed to the next steps.

Step 2: Gather Required Documents

You'll need specific documents to support your IEPF claim for IEPF unclaimed shares from the IEPF Authority:

• Copy of your PAN card - Copy of your Aadhaar card
• Cancelled cheque leaf or bank statement
• Proof of share ownership (share certificate or demat statement)
• Any additional documents requested by the IEPF Authority

Ensure you have all the necessary documents before moving forward.

Step 3: Submit an Online Application

File your claim online on the IEPF website (www.iepf.gov.in). The process is straightforward, requiring details like your name, address, contact information, and share details. After submitting your application, you will receive an acknowledgment receipt with a unique IEPF claim ID. Keep this receipt for future correspondence with the IEPF Authority.

Step 4: Verification of Your Claim

The IEPF Authority will verify your IEPF claim after receiving your application. This verification process may take some time as they review your documents and confirm eligibility. Once verified, the IEPF Authority will issue a refund order in your name. This order will be sent to your registered address, detailing the refund amount, bank account number, and bank branch for crediting the refund.

Step 5: Receive Your Refund

Take your refund order to your bank and provide the necessary details. The bank will then credit the refund amount to your account.

How to Recover Shares from IEPF

If you're wondering how to recover shares from IEPF, the process is straightforward. You begin with an IEPF shares search to determine the status of your shares. By following the steps outlined above, you can successfully file an IEPF claim and recover your shares.

Conducting an IEPF Shares Search

To start the process, an IEPF shares search or an IEPF unclaimed shares search is essential. This helps you determine the status of your shares and gather the necessary information to support your IEPF claim.

How to Find Lost Investments

If you are looking for how to find lost investments, the IEPF Authority provides resources and guidelines to help you. Conducting an IEPF search will assist you in tracking down unclaimed investments and beginning the recovery process.

Shares Recovery Services from IEPF

Share Samadhan offers comprehensive services for recovering unclaimed shares transferred to the IEPF. Our team provides end-to-end assistance, from the application process to collecting payment from the IEPF. We make the recovery process straightforward for our clients by offering:

• Assistance with paperwork
• Completing application forms and providing necessary documents
• Regular updates to the IEPF on the application status

Our expert team at Share Samadhan is available to guide you through the entire share recovery process, ensuring a smooth and efficient experience.

Transmission of Shares

Share transmission occurs when the ownership of shares passes from the original shareholder to a claimant or legal heir due to circumstances such as death, insolvency, insanity, marriage, or other statutory reasons. The documentation required includes:

• Request for the transfer of shares by the legal heir
• Copy of the death certificate of the original shareholder, if applicable
• Letter of administration - Probate of the will
• Certificate of succession
• Example of the legal heir's or successor's signature
• Self-attested copy of the PAN

Our team at Share Samadhan helps streamline the process, ensuring that all necessary documentation is correctly prepared and submitted.

IEPF Unclaimed Dividend Recovery

Dividends, which are a portion of a company's profits distributed to shareholders, can become unclaimed if not claimed within seven years. Factors that contribute to unclaimed dividends are as follows:

• Improper execution of share transfer or transmission
• Missing shareholder information
• Unclaimed bonus shares

Share Samadhan provides expert assistance to help clients recover their IEPF dividends efficiently and without legal complications. Our team ensures that the recovery process is handled professionally and with minimal hassle for our clients.

Conclusion

Claiming your IEPF unclaimed shares from the IEPF Authority is a straightforward online process if you take the assistance of Share Samadhan, the leading share recovery firm in Delhi. By following these steps, you can efficiently claim your shares and receive a refund. While the process may take some time, ensuring you have all the necessary documents will facilitate a smoother experience. If you have questions or concerns, contact the IEPF Authority for assistance. Reclaiming your IEPF unclaimed shares and IEPF unclaimed dividends helps protect your investments and ensures you receive your entitled benefits.

FAQs

1. What is an IEPF claim?

An IEPF (Investor Education and Protection Fund) claim refers to the process by which investors or their legal heirs can reclaim shares, dividends, or other investments that have been transferred to the IEPF due to being unclaimed for a specified period.

2. How can I initiate an IEPF shares search?

To initiate an IEPF shares search, you can visit the official IEPF Authority website and use the search feature to look up unclaimed shares. You will need to provide details such as the investor's name, company name, and folio number.

3. What steps are involved in an IEPF search?

An IEPF search involves:

1. Visiting the IEPF Authority website.
2. Entering the required investor and company details.
3. Reviewing the search results to identify any unclaimed shares or dividends.
4. Initiating the claim process if unclaimed investments are found.

4. What are IEPF unclaimed shares?

IEPF unclaimed shares are shares that have remained unclaimed by the investor for a continuous period of seven years, after which they are transferred to the IEPF. Investors or their heirs can reclaim these shares by following the prescribed procedure.

5. How do I recover unclaimed shares from IEPF?

To recover unclaimed shares from IEPF, follow these steps:

1. Conduct an IEPF shares search to identify unclaimed shares.
2. Fill out the IEPF claim form available on the IEPF Authority website.
3. Submit the form along with necessary documents, such as proof of identity, address, and ownership.
4. Follow up with the IEPF Authority for claim status and resolution.

6. What is an IEPF unclaimed dividend?

An IEPF unclaimed dividend refers to dividend amounts that have not been claimed by the investor for seven consecutive years. These dividends are transferred to the IEPF and can be reclaimed by the investor or their legal heirs.

7. How can I recover unclaimed dividends from IEPF?

To recover unclaimed dividends from IEPF, you need to:

1. Conduct an IEPF search to identify unclaimed dividends.
2. Fill out the relevant claim form on the IEPF Authority website.
3. Attach required documents, such as proof of identity, address, and dividend warrants.
4. Submit the form and follow up with the IEPF Authority for status updates.

8. How do I find lost investments?

To find lost investments, you can:

1. Use the search feature on the IEPF Authority website to look for unclaimed shares or dividends.
2. Contact the companies where you have invested to check for any unclaimed assets.
3. Consult with financial advisors or investment recovery firms for assistance in locating lost investments.

9. What should I do if I have unclaimed investments?

If you have unclaimed investments, take the following steps:

1. Conduct an IEPF search to identify any unclaimed shares or dividends.
2. Submit the necessary claim forms and documents to the IEPF Authority or the respective company.
3. Keep track of your investments to prevent future occurrences of unclaimed assets.

10. How can Share Samadhan help with IEPF claims?

Share Samadhan provides expert assistance in locating and reclaiming unclaimed shares, dividends, and other investments from the IEPF. They offer services such as:

1. Conducting comprehensive searches for unclaimed assets.
2. Guiding you through the claim submission process.
3. Ensuring timely follow-up and resolution of claims.