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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.

Shares are no less than precious gems, shining brightly with the promise of financial growth. However, life’s twists and turns can sometimes lead investors to lose track of these valuable assets. Over time, these forgotten shares might end up in the hands of regulatory authorities such as the Investor Education and Protection Fund (IEPF). Imagine your investments as jewels that can generate wealth for years. Yet, due to various circumstances, these assets can be misplaced or the papers can be lost. When this happens, companies may transfer these shares and dividends to the IEPF, a regulatory body established by the government. But there's good news: it's possible to recover these seemingly lost investments. This detailed guide will lead you through the process of claiming your shares in Deepak Nitrite Limited that have been transferred to the IEPF, like finding a hidden treasure.

Understanding Deepak Nitrite Ltd

Deepak Nitrite Ltd is a prominent chemicals manufacturer that caters to various industries such as fertilizers, pharmaceuticals, plastics, and textiles. Founded in 1970 and based in Gujarat, Deepak Nitrite has consistently provided substantial value to its shareholders through steady growth and regular dividends. Despite this, factors like job changes, relocations, or missed corporate notifications can cause investors to lose track of their shares, which may then be transferred to the Investor Education and Protection Fund (IEPF).

Before discussing the process of recovering these shares, let’s familiarize ourselves with Deepak Nitrite Limited, the company whose lost investments we aim to reclaim.

Deepak Nitrite Ltd stands as a leading chemical manufacturer in India, serving a broad array of sectors including agrochemicals, pharmaceuticals, plastics, rubber, textiles, and paper. The company produces a range of basic chemicals, intermediates, and finished products across these industries.

Here are some key highlights of Deepak Nitrite Ltd:

• Established in 1970 with headquarters in Gujarat
• Listed on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE)
• Employs over 1,800 people across multiple manufacturing sites
• Reported revenue exceeding ₹6,000 crores in the latest annual report
• Exports chemicals to more than 30 countries worldwide
• Holds certifications for quality standards such as ISO and Responsible Care

Over the years, Deepak Nitrite has generated significant shareholder value through sustained growth and attractive dividends. However, due to certain circumstances, you might have lost track of these benefits, and these unclaimed shares get transferred to the IEPF. Don't worry, – this guide will help you reclaim your rightful investments.

The Journey of Deepak Nitrite Ltd. in a Nutshell:

Source: https://www.moneycontrol.com/company-facts/deepaknitrite/history/DN

Dividend Summary

For the fiscal year ending March 2024, Deepak Nitrite declared an equity dividend of 375.00%, which equates to ₹7.5 per share. Given the current share price of ₹2411.05, this results in a dividend yield of 0.31%.

Deepak Nitrite has a strong track record of paying dividends, consistently declaring them over the past five years.

Source: https://www.moneycontrol.com/company-facts/deepaknitrite/dividends/DN

Reasons for Deepak Nitrite Shares Being Transferred to IEPF

Before we discuss how to recover your shares, it’s essential to understand why they might be transferred to the Investor Education and Protection Fund (IEPF) in the first place.

According to Indian corporate law, if dividends on shares remain unpaid or unclaimed for seven consecutive years, the company is required to transfer those shares to the IEPF. This means the shares are effectively placed in government custody.

Here are some common reasons why shares end up with the IEPF:

• Unclaimed Dividends:
  Shares with dividends left unclaimed for over seven years.
• Deceased Shareholders:
  Shares held in the name of a deceased person without a designated nominee.
• Job Changes:
  Investors lose track of their investments due to changing jobs.
• Outdated Information:
  Lapsed nominations or outdated contact details.
• Missed Notifications: Failing to respond to reminders about pending corporate actions.
• Frequent Relocation: Moving frequently and losing track of investments.
• Joint Holders Separation: Shares held jointly where one holder separates and no updates are made.
• Bank Mandate Issues: Overlooking the renewal of bank mandates for direct dividend credits.

Factors such as these often lead to shares being transferred to the IEPF due to prolonged inaction.

Establishing Your Eligibility to Claim Shares

Since shares are transferred to the IEPF due to inactivity, reclaiming them requires proving your rightful ownership and entitlement.

Those eligible to reclaim shares from the IEPF include:

• Original Shareholders: The person registered as the original shareholder.
• Legal Heirs or Nominees: In case the original shareholder is deceased, legal heirs or nominees can claim the shares. - Successors or Administrators: For companies, trusts, or partnership firms, successors or administrators can make a claim.

Supporting documents such as succession certificates, family tree certificates, and Wills can establish legal heirship for deceased shareholders. For firms and institutions, relevant registration documents proving succession are needed. Accurately establishing your eligibility is crucial for a smooth claim process.

Step-by-Step Process for Recovering Shares from IEPF

Now that you have verified your eligibility, let's walk through the detailed steps to reclaim your Deepak Nitrite shares from the IEPF:

Step 1: Gather Company Information

Start by collecting accurate details about the company, including the full name, registered office address, and Corporate Identity Number (CIN). These details are essential when submitting the claim form. You can find this information on share certificates, past dividend statements, or company communications.

Step 2: Submit e-Form IEPF-5

IEPF-5 is the standard online application form for submitting refund claims to the IEPF. Fill it out meticulously, providing your PAN, contact details, and signature along with the company information. Any mistakes in the form lead to rejections.

Step 3: Prepare Supporting Documents

Next, gather all necessary supporting documents to substantiate your claim. This includes identity and address proofs such as a PAN card, Aadhaar card, passport copy, demat account statements, original share certificates (for physical shares), and a canceled cheque. We will discuss the required documents in more detail shortly.

Step 4: Obtain an Indemnity Bond

Notarize an indemnity bond on the required stamp paper value, clearly stating that you are the legal shareholder entitled to the refund amount. This indemnity bond is mandatory.

Step 5: Make Necessary Payments

Complete all necessary payments, including IEPF-5 form fees, applicable stamp duty, and processing charges.

Step 6: Submit to the Nodal Officer

Submit the completed claim form and supporting documents to the Nodal Officer of Deepak Nitrite, who will verify the claim on the company's behalf.

Step 7: Follow Up on The Claim Status

Diligently follow up on your claim status. Once approved, Deepak Nitrite will re-issue the shares in your favor within 60 days.

The entire IEPF claim process typically takes between 2-3 months, provided there are timely follow-ups, accurate documents, and responsiveness to any deficiencies.

Documents Required for Approval

Let's understand the key documents needed when submitting your IEPF-5 form to reclaim your Deepak Nitrite shares:

• Duly filled and signed IEPF-5 form
• PAN card copy - Notarized indemnity bond on non-judicial stamp paper
• Address proof, such as an Aadhaar card or passport
• Original share certificates (for physical shares)
• Latest demat account statement
• Client master list statement from your demat account
• Cancelled cheque leaf - Identity proof like a driver’s license
• Death certificate and succession documents (if the original shareholder is deceased)

Additionally, companies may require documents such as the shareholder register copy, issue of allotment letter, family settlement deed, and recent bank statement.

Ensure that:

• All documents are self-attested according to the guidelines
• PAN details must match exactly with other KYC documents
• The full company name and registered address are accurately entered in the application form
• The indemnity bond has the applicable stamp duty for your state
• All fields in the form are duly filled, avoiding any gaps

Submitting accurate documents speeds up verification and approval. Consulting an expert can help ensure diligent paperwork.

Common Mistakes to Avoid During IEPF Claims

While the process of recovering shares from the IEPF might appear straightforward, even small errors can disrupt your claim. Be mindful of these common mistakes:

• Incorrect Company Details: Failing to accurately enter the company name, address, and Corporate Identity Number (CIN) in the claim form.
• Missing Documents: Not attaching all the necessary supporting documents with the e-form.
• Outdated Forms: Using an old version of the IEPF-5 form from unofficial sources.
• Banking Errors: Entering incorrect IFSC code or bank details in the cancelled cheque.
• Mismatched Personal Information: Providing personal details in the form that do not match those on your PAN or Aadhaar card.
• Insufficient Stamp Duty: Not affixing the correct amount of stamp duty on the indemnity bond.
• Late Filing: Filing the claim after the 10-year deadline has passed.
• Lack of Follow-up: Neglecting to follow up with the nodal officer regarding the status of your claim.

Conclusion:

Finding and recovering lost shares can feel like a complex task. However, with the right guidance and a systematic approach, even the most neglected investments can be revived, contributing to the growth of your portfolio once more. This journey demands meticulous attention to paperwork, persistent follow-ups, and a great deal of patience to successfully complete the process. By learning from those who have successfully reclaimed their shares and avoiding common mistakes, investors can regain control over their investments. With determination and expert assistance, such as the services offered by Share Samadhan, you can restore your investments to their full potential. Share Samadhan specializes in helping investors through this process, ensuring a smoother and more efficient recovery of your assets.

Mahindra & Mahindra Limited, an influential Indian multinational corporation headquartered in Mumbai, India, boasts a storied history beginning in 1945. Initially established as a steel trading firm, the company has since undergone significant growth and diversification. Today, Mahindra & Mahindra operates across multiple sectors including automotive, aerospace, agribusiness, and financial services. This article is all about the company's journey from its inception to its current status as a key player in both the Indian and global markets. In recent years, many investors have discovered that their Mahindra & Mahindra unclaimed shares and dividends have been transferred to the Investor Education and Protection Fund (IEPF). This situation often arises due to unawareness or oversight, but recovering these assets is crucial for securing your financial investments. Understanding the IEPF claim process, the procedure for the issue of duplicate share certificates, and the transfer of unclaimed shares and dividends to the IEPF is essential.

About The Company:

Before understanding the process of claiming unclaimed investments from the Investor Education and Protection Fund (IEPF) for Mahindra and Mahindra Limited, let's discuss why it's crucial to claim your shares and dividends. Since its listing on the stock exchanges, Mahindra and Mahindra Limited shares have been top performers in the stock market. In 2000, the share price was approximately Rs. 18, which has risen to Rs. 2896 as of June 24, 2024, excluding any bonus or share splits.

Imagine you purchased 100 shares of Mahindra and Mahindra Limited in 2000 at Rs. 18 per share.

Total Investment = 100 * 18 = Rs. 1800

a) Bonus Shares on September 1, 2005, in a 1:1 ratio.

Number of Shares after Bonus = 200

b) Stock Split on March 29, 2010, in a 1:1 ratio.

Number of Shares after Split = 400

c) Bonus Shares on December 21, 2017, in a 1:1 ratio.

Number of Shares after Bonus = 800

Therefore, if you purchased 100 shares in 2000, you now own 800 shares after the stock splits and bonuses.

Current Market Price of Mahindra and Mahindra Limited (as of June 24, 2024) = Rs. 2896 per share

Total Value of Investment Now in 2024 = 800 * 2896 = Rs. 23,168,000 (~23.17 lakhs)

An initial investment of Rs. 1800 in 2000 would now be worth approximately Rs. 23.17 lakhs in 2024. If your shares have gone to the IEPF, you could be missing out on this significant amount, which includes the value from bonuses, stock splits, and dividends. With such a substantial potential net worth, it's essential to claim your unclaimed shares and dividends from Mahindra and Mahindra Limited.

The Early Years (1945-1950s)

Mahindra & Mahindra Limited, founded in 1945 by brothers J.C. Mahindra and K.C. Mahindra, along with their partner Ghulam Mohammed, began as a steel trading company in Mumbai, India. Originally named Mahindra & Mohammed, the company capitalized on the high demand for steel during the post-war reconstruction period.

In the early 1950s, the company ventured into the automotive sector through a joint venture with Willys-Overland Corporation from the United States. This partnership, which led to the creation of Mahindra & Mahindra (M&M), enabled the production of the iconic Willys Jeep in India. The Jeep quickly became renowned for its ruggedness and durability, gaining widespread popularity across the Indian market.

Expansion and Growth (1960s-1980s)

During the 1960s, Mahindra & Mahindra expanded its product line to include light commercial vehicles, tractors, and utility vehicles. The launch of the Mahindra CJ-3B in 1961 marked the company's first indigenous product. This model, an improved version of the Willys Jeep, featured a more powerful engine and enhanced suspension.

The 1970s saw further diversification as Mahindra & Mahindra began producing heavy commercial vehicles, diesel engines, and various industrial products. The company also entered new sectors such as real estate and hospitality.

In the 1980s, Mahindra & Mahindra made its foray into the information technology sector by forming a joint venture with IBM, named Mahindra-British Telecom. This venture provided software development and IT services to both domestic and international clients.

Diversification and Global Expansion (1990s)

The 1990s were marked by a significant transformation for Mahindra & Mahindra as it diversified into new business areas and expanded its global footprint. The company entered the financial services sector through a joint venture with BNP Paribas, creating Mahindra-BNP Paribas, which offered a range of financial services including asset management, insurance, and investment banking.

In 1996, Mahindra & Mahindra introduced its first passenger vehicle, the Mahindra Armada, a robust SUV tailored for the Indian market. Subsequent models like the Bolero, Scorpio, and XUV500 further cemented the company's reputation in the passenger vehicle segment, achieving success both domestically and internationally.

By the late 1990s, Mahindra & Mahindra had begun to establish a global presence with subsidiaries and joint ventures in countries such as the United States, China, and South Africa. Strategic acquisitions both within India and abroad allowed the company to expand its product range and enter new markets.

Recent Developments (2000s-2020s)

Throughout the 2000s and into the 2020s, Mahindra & Mahindra has continued its trajectory of growth and expansion, emphasizing innovation, sustainability, and a customer-centric approach.

Mahindra & Mahindra Limited Share Price Chart:

Source: https://www.moneycontrol.com/india/stockpricequote/auto-carsjeeps/mahindramahindra/MM

Bonus History:

Source: https://economictimes.indiatimes.com/mahindra-mahindra-ltd/infocompanybonus/companyid-11898.cms

Split History:

Dividend Summary

For the fiscal year ending March 2024, Mahindra & Mahindra announced an equity dividend of 422.00%, equating to Rs 21.1 per share. With the current share price at Rs 2915.80, this results in a dividend yield of 0.72%.

Source: https://www.moneycontrol.com/company-facts/mahindramahindra/dividends/MM

Why Have Your Mahindra and Mahindra Limited Unclaimed Shares and Dividends are transferred to IEPF?

According to government regulations, any dividends on shares that remain as unclaimed investments for seven consecutive years must be transferred to the Investor Education and Protection Fund (IEPF) by the respective company. This mandate ensures that if a shareholder does not claim their dividend for seven consecutive years, the associated shares are also transferred to the IEPF. In the past, if investors failed to claim their dividends, companies would retain the funds, often exploiting the investors' lack of awareness. To address this issue, the government established the IEPF, which requires companies to transfer unclaimed shares after seven 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 to regulate and protect investor funds. Its responsibilities include making refunds and recovering shares, matured deposits/debentures, and unpaid dividends. Additionally, the IEPF promotes investor awareness and reimburses legal expenses incurred by depositors in pursuit of legal actions.

Recovery of Unclaimed Shares

To claim unclaimed shares of Mahindra & Mahindra Limited from the Investor Education and Protection Fund (IEPF) authority, follow these steps:

1. Visit the IEPF Website: Go to the official IEPF website at www.iepf.gov.in.
2. Claim Refund: Click on the 'I Want to' tab and select 'Claim Refund' from the drop-down menu.
3. Initiate the Application: You will be redirected to a new page and then you will have to click the 'Click Here to Apply' button.
4. Read Instructions: Carefully read the instructions provided and then click the 'OK' button.
5. Select Company: On the following page, choose 'Mahindra & Mahindra Limited' from the drop-down menu.
6. Enter Identification Details: Input the Permanent Account Number (PAN) or the Folio Number associated with the shares you wish to claim.
7. Search for Shares: Click on the 'Search' button. If unclaimed shares are found, you can proceed. If not, the website will display 'No records found.'
8. Download IEPF-5 Form: Click on the 'Generate Challan' button to download the IEPF-5 form.
9. Complete the Form: Fill in the form with all required details, attach necessary documents, and sign it.
10. Submit the Application: Submit the completed form along with the required documents to the nearest IEPF office.
11. Verification and Processing: After the documents are verified, the IEPF authority will process your claim.
12. Transfer of Shares: Once processed, the shares will be transferred to your demat account.

It is advisable to start this process promptly as there may be a time limit for claiming the shares. Additionally, consulting a lawyer or a financial advisor can provide guidance and ensure a smooth process.

Conclusion

The journey to reclaim unclaimed shares and dividends from the IEPF can be intricate and time-consuming, but it is a necessary step to safeguard your investments. The process involves multiple steps, from identifying whether your shares are in the IEPF to submitting detailed applications and supporting documents. Each step must be meticulously followed to ensure successful recovery. Understanding the nuances of the IEPF claim, lost share recovery, and the procedure for issuing duplicate share certificates is paramount. People who are in need of a smooth experience in recovering their financial assets, Share Samadhan stands out as the best share recovery firm in Delhi. With our expertise in handling IEPF claims, facilitating the transfer of unclaimed shares and dividends to the IEPF, and assisting with lost share recovery, Share Samadhan offers support in every possible way. Our knowledgeable team simplifies the recovery process, ensuring that investors can reclaim their rightful assets without unnecessary stress or delays. By partnering with Share Samadhan, you can confidently deal with the complexities of share recovery and secure your investments for the future.

Before looking at the process of claiming SBI unclaimed shares and dividends that are transferred to the IEPF, it's essential to understand why reclaiming these shares and dividends is crucial. Since its listing on the stock exchanges, SBI shares have consistently been among the top performers in the stock market. For instance, the price per share was around Rs. 18 in the year 2000, and it skyrocketed to Rs. 576 as of November 1, 2022. This appreciation does not even account for any bonus issues or stock splits that may have occurred.

Let's assume you purchased 250 shares of SBI in 2000 at a price of Rs. 18 per share.

Your Total Investment: 250 shares  Rs. 18/share = Rs. 4500

On November 20, 2014, SBI executed a stock split in a 10:1 ratio. This means your 250 shares were converted into 2500 shares.

Now, let's look at the scenario as of November 1, 2022:

The current share price of SBI is Rs. 576.

Current Investment Value: 2500 shares  Rs. 576/share = Rs. 14,40,000

In 2000, an investment of Rs. 4500 for 250 shares of SBI has now grown to a substantial value of Rs. 14,40,000. This transformation includes the impact of the stock split as well as the current market price of the shares.

If you haven't claimed your SBI shares and dividends, the growth in your investment should definitely motivate you to track down and recover those unclaimed shares and dividends.

The Legacy of the State Bank of India

State Bank of India (SBI) is an India-based, state-owned banking and financial services firm, classified as a Public Sector Bank (PSB). It is not only the largest PSB in India but also the country's largest bank overall, followed by HDFC Bank Ltd. SBI operates in various sectors, including Corporate/Wholesale Banking, Treasury, Retail Banking, and other financial/banking services.

The Treasury segment deals with trading in foreign exchange contracts, managing the investment portfolio, and handling derivative contracts. Corporate/Wholesale Banking involves lending activities for large corporate account groups, stressed asset resolution groups, and commercial client groups. It includes providing loans based on clients' credit history and transaction services for institutional or corporate clients. Retail Banking services cover all retail branches, mainly focusing on personal banking activities like providing capital loans to corporate customers with a reliable background and history with the bank. Additionally, SBI's other business segments manage the daily operations of its non-banking subsidiaries or joint ventures, excluding SBI General Insurance Co. Ltd. and SBI Life Insurance Co. Ltd. SBI has nearly 22,100 branches nationwide and operates 58,555 ATMs.

Since its inception, SBI has been a significant revenue generator for the Government of India. It has played a crucial role in financing government projects and welfare schemes. Despite facing various economic slowdowns, SBI has consistently emerged as the best PSB, thanks to its exceptional administration and skilled banking managers.

The COVID-19 lockdown in 2020 did not hinder SBI's growth. The company's shares increased by 10.63% in June, 7.28% in July, and 10.73% in August of that year. Although there was a price dip in September 2020, the shares maintained steady growth over the past five months.

SBI has a strong track record of paying generous dividends, enhancing its reputation for generating reliable profits for investors. In the early days, especially during the economic slowdown of 1992 when India was liberalizing its economy, SBI's shares traded at lower prices. Many investors bought shares at these lower prices and, thinking they wouldn't appreciate, forgot about their investments. However, even small investments in SBI shares back then would have grown significantly if the dividends were claimed.

In the following sections, we'll illustrate through a hypothetical calculation how even a modest investment in SBI shares in 1995 could have multiplied by 2021. This calculation will demonstrate why recovering unclaimed shares or dividends from SBI is a profitable endeavor.

Evaluating the Growth of SBI Shares

Imagine your grandfather purchased 500 shares of the State Bank of India (SBI) in November 1998. At that time, the price of each share was Rs. 14.19. Thus, the total value of his investment was:

500shares×Rs.14.19/share=Rs.7,095(Seven Thousand Ninety-five

While this amount seems modest, it’s possible that your grandfather may not have paid much attention to the dividends generated from this relatively small investment.

In 2014, SBI announced a stock split in a 1:10 ratio, meaning every share of Rs. 10 was split into 10 shares of Rs. 1. This move was aimed at making shares more accessible to smaller retail investors who might have found the higher price prohibitive.

After the split, the number of shares held by your grandfather increased from 500 to 5000. Despite the split, the value of the shares continued to rise. By February 2021, the share price had climbed to Rs. 390.15, making the total investment value:

5000shares×Rs.390.15/share=Rs.19,50,750(Nineteen Lakhs Fifty Thousand Seven Hundred Fifty)

Thus, a modest investment of Rs. 7,095 in 1998 would have grown to Rs. 19,50,750, reflecting an impressive growth of approximately 27,500%. This calculation only considers the increase in share price. Including dividends paid by the company over the past 23 years, the total returns could easily surpass Rs. 30 lakhs.

This example demonstrates how an investment in SBI two decades ago could have multiplied exponentially in value. Therefore, if you or your relatives have any dormant shares from old investments in SBI, recovering them could prove to be highly profitable. However, retrieving these shares through traditional methods, such as presenting physical share certificates, may no longer be feasible. The government has introduced new rules for claiming dividends older than seven years, so it's essential to familiarize yourself with these regulations before attempting to make a claim.

In the following sections, you will find data sheets and information detailing the dividends released by SBI over the past two decades, as well as information on unclaimed dividends. Review these sheets to better understand the dividends before learning about the process for getting a refund of unclaimed shares from the IEPF.

SBI Dividends Data

Source: https://in.investing.com/equities/state-bank-of-india-historical-data-dividends

How was IEPF Formed?

The Investor Education and Protection Fund (IEPF) was established by the Central Government in 2016 to tackle the growing issue of unclaimed or dormant shares and dividends. Small retail investors often overlooked their investments due to initially modest returns. Over time, as the returns grew significantly, these investors would eventually seek to reclaim their now valuable dormant shares.

Previously, there was no standardized process to handle such situations. Some companies would transfer unclaimed dividends to government welfare accounts to be used for public benefit, while others retained the dividends, anticipating that investors might return to claim them. However, this lack of regulation led to questionable practices, as companies could exploit these dormant funds for their own purposes.

To address this, the government established the IEPF Authority as a statutory body to manage and regulate dormant funds and unclaimed dividends. The authority employs fund managers who handle claims related to dormant funds and are responsible for creating rules and regulations governing the transfer of unclaimed dividends. This initiative aimed to regularize dormant funds and ensure they are managed transparently and fairly.

Understanding the Investor Education and Protection Fund (IEPF) and its Objectives:

Established under Section 125 of the Companies Act of 2013, the Indian government founded the Investor Education and Protection Fund and this regulatory framework aims to oversee and safeguard investor funds effectively.

The IEPF is tasked with various responsibilities, including facilitating refunds and reclaiming shares, matured deposits/debentures, and unpaid dividends. Additionally, it plays a crucial role in raising investor awareness and ensuring reimbursement for legal expenses incurred in legal proceedings.

Steps to Claim Dividends and SBI Shares via the IEPF:

1. Access the IEPF-5 form on the MCA interface through the IEPF website. It's essential to carefully review and adhere to the instructions provided in the instruction package available on the website.
2. Fill out and submit the form. Upon submission, you will receive a "Submit Request Number" as an acknowledgment (SRN). Keep this SRN for future reference when tracking the form's progress.
3. Print the completed form along with the acknowledgment.
4. Send the original copies of the indemnity bond, acknowledgment copy, share certificate, and IEPF Form 5 to the company's registered office's Nodal Officer (IEPF). Ensure to label the envelope as "Claim for a refund from IEPF Authority" and enclose a self-attested copy of your Aadhaar card along with the necessary information.
5. The company's nodal officer will review the claim form before forwarding it to the IEPF authorities. Upon verification, the IEPF authorities will transfer any unclaimed shares and dividends to the client's account.
6. Expect a response from the IEPF authorities within 60 days of receiving the company's verification report.

It's worth noting that since the IEPF has only one office located in Delhi, the process of obtaining a refund may take around 8 to 12 months.

Determining if the IEPF holds SBI Shares:

To check if your SBI shares are with the IEPF, follow these steps:

1. Check the online portal to proceed.
2. Enter the investor's details, including name, father's name, folio number, DP-ID, client ID, and account number.
3. Click the search button to initiate the IEPF share search process.

Why Legal Assistance is Essential for Claiming SBI’s Dormant Shares

In previous sections, we examined how a small investment in SBI shares during the 90s has significantly increased in value today. We also reviewed the dividend data released by the company and the status of unclaimed shares according to the annual report. After understanding the role of the IEPF, it's crucial to explain why hiring a legal consultant is necessary before you proceed with claiming dormant SBI shares.

For shares that have been dormant for more than seven years, or those bought by your father or grandfather, the process of claiming these shares starts by filing Claim Form 5 on the IEPF’s website. Once the claim is raised, the claimant must send a printout of the completed form along with all relevant documents, including share ownership papers, to the designated transfer agent or registrar of SBI. The transfer agent verifies all the documents and prepares a verification report. This report, along with the documents, is then sent to the IEPF authority, which makes the final decision on sanctioning the claim.

You might have noticed that document scrutiny happens at both stages: first by the nodal officer or transfer agent, and then by the IEPF fund manager. If any documents are missing, the claimant will be asked to provide them. Any mistakes in the form will need to be rectified by the claimant. If there are any issues with the ownership documents or in proving heirship over the old shares, the application might be rejected entirely. This makes the process of claiming dividends or shares quite tedious and time-consuming for an average claimant. Finding time to furnish documents or meet in person to clear doubts or correct mistakes can be challenging. Proving ownership or heirship can also be difficult, especially if multiple heirs are involved.

These issues can be easily avoided by hiring a legal consultancy firm to handle the dividend claim from the IEPF. A consultancy firm, for a reasonable fee, will manage the entire process for you, including liaising with the authority or nodal officer regarding any document-related matters. Proving ownership of shares will also be more straightforward with the expertise of legal consultants. This is why having a legal consultancy firm by your side is essential before applying to claim funds from the IEPF.

Conclusion

We've explored how an investment in SBI shares made in 1998 could have yielded an impressive return of nearly 27,500%, and that’s without accounting for the dividends over the years. If this staggering figure doesn’t illustrate the value of claiming SBI shares from the IEPF, it’s hard to imagine what will. SBI shares have consistently proven to be profitable, reinforcing its status as one of India’s most esteemed banks. Alongside LIC and Indian Railways, SBI stands out as one of the most valued public sector undertakings of the Government of India. Hiring a legal consultant like Share Samadhan, to search unclaimed dividends should be seen as a small investment with the potential for substantial returns. Given the remarkable growth of SBI shares and the consistent, generous dividends, even recovering a modest amount from the past can be highly profitable.