Procedure to Claim Unclaimed Dividend

Procedure to Claim Unclaimed Dividend

Investor should claim their dividend on regular basis. If the dividend remains unclaimed for seven consecutive years, then the dividend along with its related shares are transferred to Investor Education and Protection Fund (IEPF) Authority.

IEPF is a fund set up under the Ministry of Corporate Affairs to help promote investor awareness and protection of investor interests.

Investor Education and Protection Fund (IEPF) Authority of Ministry Of Corporate Affairs, Government Of India has given the procedure to claim unclaimed dividend after seven years.

1. Download the form IEPF-5 from the website of IEPF (http://www.iepf.gov.in) for filing the claim for refund. Read the instructions provided on the website/instruction kit along with the e-form carefully before filling the form.
2. After filling the form save it on your computer and submit the duly filled form by following the instructions given in the upload link on the website. On successful uploading an acknowledgement will be generated indicating the SRN. Please note the SRN for future tracking of the form.
3. Take a printout of the duly filled IEPF-5 and the acknowledgement issued after uploading the form.
4. Submit indemnity bond in original, copy of acknowledgement and self-attested copy of e-form along with the other documents as mentioned in the Form IEPF-5 to Nodal Officer (IEPF) of the company at its registered office in an envelope marked “Claim for refund from IEPF Authority”.
5. Claim forms completed in all aspects will be verified by the concerned company and on the basis of company’s verification report, refund will be released by the IEPF Authority in favor of claimants’ Aadhaar linked bank account through electronic transfer.
6. There is no fee charged for filing of the IEPF 5 form.
7. Don’t get misled by any agents or middlemen.