Procedure to Claim IEPF Refund or transfer of physical shares – MCA Form IEPF-5

According to the Investor Education and Protection Fund Rules, 2017, any amount transferred to the company's Unpaid Dividend Account pursuant to Section 124(1) of the Companies Act, 2013, that has been unpaid or unclaimed for more than 7 years from the date of declaration dividend shall be transferred to the Investor Education and Protection Fund, along with interest accrued (IEPF).  In this post, you will learn more about How to claim shares from iepf?

Investor Education and Protection Fund (IEPF) and transfer of physical shares

The Central Government established the Investor Education and Protection Fund (IEPF) under section 125 of the Companies Act, 2013 to promote investor knowledge and defend investors' interests.

• Any person who has had an unclaimed or underpaid payment transferred to the Investor Education and Protection Fund (IEPF) by the corporation may request a reimbursement from the IEPF Authority.
• The corporation must submit a statement to the IEPF Authority in the approved format, IEPF- 5, detailing the specifics of the transfer, and the authority will issue a receipt as verification of the transfer.
• In the event of shares for which the dividend has not been paid or claimed for more than 7 years in a row, the firm must transfer the shares to the IEPF, together with a document detailing the transfer.

How to claim shares from iepf and transfer of physical shares

·         Download Form IEPF-5

·         Upload Form IEPF-5

The procedure to follow after completing the form for transfer of physical shares

After completing the form, submit an original indemnity bond, a copy of the acknowledgement, and a self-attested copy of the e-form, along with the other documents listed above, to the company's Nodal Officer (IEPF) at its registered office in an envelope marked "Claim for a refund from IEPF Authority."

The concerned firm will verify claim forms in all areas, and based on the company's verification report, the IEPF Authority would provide a refund to claimants' Aadhaar-linked bank accounts via electronic transfer.