A legal heir recovers physical shares and dividends from IEPF

The situation

A shareholder had held shares in physical form for many years. After a long period of inactivity, the shares and the dividends on them were transferred to the IEPF. The shareholder then passed away before the investment could be claimed or regularised.

The challenge

The legal heir faced two processes at once: transmitting the physical shares into their own name, and claiming the shares and dividends back from the IEPF. Both required the heir’s entitlement to be established and the documentation requirements of the company, its registrar and the IEPF Authority to be met.

What we did

• Guided the family through the entire process and identified the documents needed to establish the legal heir’s entitlement
• Assisted with the transmission of the physical shares into the legal heir’s name
• Prepared the IEPF claim documentation
• Coordinated with the company, its registrar and the other authorities involved
• Pursued the recovery of the eligible unclaimed dividends linked to the shares

The outcome

What had first looked like a complicated and possibly lost investment was systematically brought back into the family’s portfolio.

Client identity withheld for privacy. Every case is different, and timelines depend on the companies, registrars and documents involved.