IEPF 5 Filling Service
The IEPF 5 Filing is the special filing that companies must submit to the IEPF (Investor Education and Protection Fund) authority if they have unclaimed dividends, matured deposits, or any other amounts that need to be transferred to the IEPF.
At Share Claimer, we offer the IEPF 5 Filling Service, helping the shareholders of a company to get back their unpaid or unclaimed amounts. The IEPF 5 Filing is a must as per the Companies Act, 2013, and it ensures that unclaimed funds are safeguarded and utilized for the benefit of investors.
How to File IEPF 5?
To file IEPF 5 for claiming a refund, follow these 5 simple steps:
- Access the web form for IEPF 5 Filing to claim the refund. Thoroughly read the instructions before proceeding with the filling process.
- Once you've completed the form, submit it online. Thereafter, note the generated Service Request Number (SRN).
- Print the filled form and acknowledgment.
- Gather the necessary documents and submit them to the Nodal Officer (IEPF) of the respective company at its registered office.
- Once verified, the IEPF Authority will process the refund, transferring it directly to your account electronically.
IEPF 5 Filling Requirements
The IEPF 5 Filling Requirements are mandatory criteria that companies must adhere to when submitting the IEPF 5 form. Here is the list of key requirements:
- Print the submitted IEPF 5 form. If there are joint holders, ensure all sign the form.
- Attach a copy of the acknowledgment received from the IEPF authority after form submission.
- Prepare the original Indemnity Bond, duly signed by all claimants and witnesses. For claims under 10,000, plain paper can be used, while claims of 10,000 or more require non-judicial stamp paper as per the State's Stamp Act.
- Affix a revenue stamp of Rs 1 on the Original Stamped Receipt, filled and signed by all claimants and witnesses.
- Include KYC documents such as self-attested copies of Aadhar cards or PAN cards for Indian citizens and copies of passport or overseas citizen of India cards for NRIs.
- If shares are held in physical form, include the original share certificate being claimed.
- Provide a Transaction Statement of your demat account showing the debit/transfer of shares to IEDF, duly attested by all claimants and the Depository Participant.
- Include the original leaf of a canceled check and a copy of the Client Master List of Demat Account.
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Things to Remember
Please ensure to carefully follow all the provided instructions before completing the IEPF 5 Filling Service:
- Prepare your PAN details, a valid Email ID, an Aadhaar Card number, an active mobile number, and Demat Account details, as well as other IEPF 5 Filling Requirements in advance.
- Gather your bank account information, including the IFSC Code, and other necessary details for submission.
- If you are a Non-Resident Indian (NRI) or a foreign individual, you will need a passport, an Overseas Citizen of India (OCI) card, and a Persons of Indian Origin (PIO) card.
- It is essential to provide proof of entitlement. This could include Bonds, Debentures, Fixed Deposit receipts, certificates of shares, interest warrants, Dividend warrants, Application numbers, Statements of transactions, etc.
What is the After Process?
Ensure that the IEPF 5 Filling form is free of errors, as any mistakes cannot be corrected after submission. Additionally, only one form can be filed for one company using one Aadhaar Number. Prepare all necessary documents according to the situation and review them before submitting them.
The IEPF Form 5 is submitted on the Ministry of Corporate Affairs portal. It is then sent, along with accompanying documents, to the relevant company and authority for validation and further processing.
Once submitted, the company and IEPF Authority will review the documents. They will notify us if there are any discrepancies. If no issues are found, the process continues. The Transmission of Shares to the respective demat account and any unclaimed dividends are deposited into the investor's bank account.
Frequently Asked Questions
1. How to recover your shares and dividends from IEPF?
To recover shares and dividends from IEPF, complete the error-free IEPF Form 5 with accurate details. Submit it along with necessary documents to the Ministry of Corporate Affairs portal. The company validates documents, resolves discrepancies, and then transfers shares to the Demat account and unclaimed dividends to the investor's bank account.
2. What happens to the Unclaimed Shares?
Unclaimed shares are handled by the company and the IEPF Authority. Once validated, the shares are transferred to the investor's demat account, and any Unclaimed Dividends are deposited into the investor's bank account.
3. How to File IEPF 5?
To claim the IEPF dividend, fill out Form IEPF-5 accurately. Attach the required documents. Submit on the MCA portal. The company validates documents. After approval, the dividend is transferred to the bank account linked with an Aadhaar/PAN.
Is there any legislative framework for the establishment of IEPF?
Yes, there is a legislative framework for the establishment of IEPF. It is governed by the Companies Act, 2013, and the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016, in India.