Physical Shares
Physical shares will be losing their validity very soon. As per SEBI’s ruling, migrating to the electronic or dematerialised format is compulsory. Physical shares now can’t be sold or transferred in anyone’s name, it’ has to be compulsory held in the dematerialised form with a depository
Holding shares in dematerialised form is easier and safer, it reduces the risk of forgery bringing much needed transparency into the securities market. Shares in demat form is guard against theft and any physical damage to the shares.
Few people believe that to converting physical shares to demat is a timing consuming and lengthy process. It is very simple process and can be completed within one month. Once the shares are dematerialised, it will be more convenient and safer for the investors. Once dematerialisation is done buying and selling of shares could then be done in a matter of seconds. At Invest2Grow we help you convert your physical shares to demat form.
Transmission of Shares
At Invest2Grow, we help you in process of Transmission of shares, In-case of sudden death of shareholder, and the ownership of shares passes on to legal heirs. Procedure for transmission of shares is laid down in sec 56 of the Companies Act, 2013.
Issuance of duplicate Share Certificates
The share certificate issued by a company is the prima facie evidence that a person is the owner of the company’s shares. Physical Share Certificate is prone to mutilation, theft, lost in transit, etc., losing original share certificate for an investor is risky and result into financial loss. At Invest2Grow, we know how to tackle these situations and help you with process from issuance of duplicate shares to Dematerialisation.
Investor Education and Protection Fund (IEPF)
If the dividend declared by the company remains unpaid/unclaimed for a period of seven years, the company is required to transfer the same to IEPF. Further, all shares in respect of which dividend has not been paid/claimed for seven consecutive years or more is required to be transfer by the company in the name of IEPF.
A large number of shares and unclaimed dividends is transferred by many companies to the Investor Education and Protection Fund (IEPF). Reason for shares transferred to IEPF could be shares which people purchased and forget over time, lost shares, shareholder change of address, death of shareholder etc. Process for recovering unclaimed shares from IEPF is a lengthy and time-consuming with lot of communication to be done with company and IEPF, involves lot of legal and document work. At Invest2Grow we assist investors with complete process for claiming shares from IEPF account without making them run from pillar to post struggling to send emails and prepare documents.
Other Services
Please contact us for services like court probate, letter of administration, name mismatch in physical shares and demat account, family will or any issues/problem related to physical shares.