Refund of Shares from IEPF - Reliance Industries Ltd.

This query is : Resolved

BIPLAB CHAKRABORTY (Querist)
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25 July 2022 Sirs
18 nos Bonus shares have been allotted to me but these shares are not physically with me as these were "Undelivered" and still with the Registrar.
May I claim these shares along with "Unpaid Dividend" from IEPF in "IEPF Form 5" ?

Regards
Biplab Chakraborty

Asha Kanta Sharma

Asha Kanta Sharma

(Expert)
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10 July 2024 Yes, you can claim both the bonus shares and any unpaid dividend from the Investor Education and Protection Fund (IEPF) through Form IEPF-5, provided they meet certain conditions and procedures. Here’s how you can proceed:

1. **Bonus Shares:**
- Bonus shares that have been allotted to you but are undelivered and still with the registrar can be claimed from the IEPF.
- Ensure that you have all relevant documents such as allotment advice, communication from the company or registrar confirming the allotment but non-receipt, and any other supporting documents.

2. **Unpaid Dividend:**
- If there is any unpaid dividend associated with these shares, you can also claim this along with the shares.

3. **IEPF Form 5:**
- Form IEPF-5 is used for claiming shares and dividends transferred to the IEPF. You need to fill out this form accurately and submit it to the IEPF Authority along with supporting documents.
- Documents required typically include proof of entitlement (like allotment advice or similar documents), identity proof, address proof, and other relevant documents as specified in the form and guidelines.

4. **Procedure:**
- Obtain Form IEPF-5 from the IEPF website or authorized sources.
- Fill out the form completely and accurately with all necessary details.
- Attach supporting documents mentioned in the form, such as proof of entitlement (allotment advice), identity proof, address proof, etc.
- Submit the form and documents to the IEPF Authority within the stipulated time frame.

5. **Verification and Claim Processing:**
- The IEPF Authority will verify the claim and documents submitted.
- Upon successful verification, the shares and/or dividends will be transferred to your demat account or otherwise settled as per the IEPF rules.

It’s important to ensure that all details in Form IEPF-5 are correct and that you provide all required documents to avoid delays or rejection of your claim. If you’re unsure about any aspect of the process, consider consulting with a professional familiar with IEPF claims or securities law to assist you through the process.