Why Professional Help is Crucial for Claiming Shares from IEPF

 


1. Complex Documentation Requirements


The IEPF claim process requires specific documents such as indemnity bonds, affidavits, share certificates, death certificates (in case of heirs), and KYC documents. Even a minor mismatch in names, signatures, or dates can lead to rejection. Professionals ensure that:


Every document is prepared using the proper legal format.


Affidavits and bonds are properly notarized.


KYC details are consistent with company and bank records.


2. Coordination with Multiple Authorities


Claiming shares from IEPF is not a single-window process. It involves:


Filing an online claim on the MCA (Ministry of Corporate Affairs) portal.


Submitting documents to the concerned company for verification.


Following up with the IEPF Authority until the refund is credited.


For an individual investor, managing these steps can be time-consuming. Professionals already have experience dealing with nodal officers, companies, and the MCA system, which speeds up the process.


3. Avoiding Costly Mistakes


A common reason for rejection is incorrect filing. Many claimants either:


Submit incomplete forms.


Provide wrong bank details.


Fail to attach mandatory documents.


With professional guidance, these mistakes are avoided. They review every detail before submission, reducing the chances of rejection and resubmission.


4. Faster Resolution of Claims


The IEPF Authority already handles thousands of claims every year, which leads to delays. Professionals ensure your claim is properly prioritized by:


Submitting error-free applications.


Following up consistently with the concerned company.


Escalating grievances, if required, through the right channels.


This helps you recover your unclaimed shares and dividends faster.


5. Legal and Technical Knowledge


Sometimes claims involve complex situations, such as:


Transmission of shares in case of deceased shareholders.


Missing or duplicate share certificates.


Disputes among legal heirs.


Professionals with legal and financial expertise know how to handle these cases and prepare the right set of documents, ensuring smooth claim approval.


Conclusion


While it is possible to file an IEPF claim on your own, the risk of rejection and delay is very high due to the technical and legal nature of the process. Professional help not only saves time and effort but also ensures accuracy, compliance, and faster recovery of your rightful assets.

Location: Big Jo'S Tower, Netaji Subhash Place, Pitampura, Delhi, 110034, India

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