Old shares are meant to be those shares which are unclaimed or unpaid to the shareholder by the company. Such old shares are transferred to company called Investor Education and Protection Fund (IEPF). A shareholder or legal heir can claim the old shares by following some procedures. Claimant can undergo for claiming the old shares for various reasons. The following will answer your questions.
Case-1: Loss of Shares Certificate/Misplaced Share certificate/Forgotten Share Certificate
Physical share certificate has always had a threat of losing, forgetting, misplacement, theft and burnt. In case of loss of shares certificate, misplaced shares certificate, forgotten shares certificate, a shareholder can apply for duplicate share certificate in order to prove ownership of the shares or to claim the shares. Shares Recovery India team will help its customers, by applying the duplicate share certificate to the companies on behalf of the shareholder who approach Shares Recovery India. To get a duplicate share certificate a share holder must produce
- 1: Folio number
- 2: Address of the Shareholder
- 3: Share certificate number.
- 4: PAN card
- 5: Aadhaar card
- 6: E-mail id & Mobile number.
Case-2: In case of death of share holder
In case of death of share holder his or her shares can be transferred to the nominee or the legal family member. If the shares are still in the form of physical share certificate, then we have to undergo some procedures to transfer the shares. We at Shares Recovery India were able to answer “Yes” to those people who asked us “how to transfer shares certificate or stock certificate to the family members”. Companies that are invested by the investors, give dividend to the shareholders. That dividend is to be claimed by the shareholders. If a shareholder did not claim the dividends, those dividends are called as unclaimed dividends. If a share holder did not claim the dividends for a period of more than 7 years, those are transferred to Investor Education And Protection Fund (IEPF).
1: If nominee or legal heir have physical shares certificate
A: Transmission of shares to nominee.
If the shares are still in physical form in the name of the dead shareholder, a nominee can apply for transmission of shares to their names by submitting some documents like Old share certificate, death certificate of investor, PAN card of the nominee, Succession certificate, Transmission request form, Attested signature by banker of the successor, Address proof of the successor, any other documents required by the company.
B: Transmission of shares to legal heir.
If the shares are still in physical form in the name of the dead shareholder, a legal heir can apply for transmission of shares to their names by submitting some documents like Old share certificate, death certificate of investor, PAN card of the family members, Succession certificate, Transmission request form, Attested signature by banker of the successor, Address proof of the successor, any other documents required by the company.
2: If the nominee or legal heir do not have physical shares certificate
If the nominee or legal heir do not have physical shares certificate in the name of the dead shareholder, a nominee or legal heir can apply for a duplicate share certificate and then apply for transmission of shares to their names by submitting some documents like Duplicate share certificate, death certificate of investor, PAN card of the nominee or family members, Succession certificate, Transmission request form, Attested signature by banker of the successor, Address proof of the successor, any other documents required by the company.
We at Shares Recovery India can help you in case of issues with the physical shares certificate. Contact us for more