What is IEPF?
IEPF stands for Investor Education Protection Fund and it is formed under the umbrella of Ministry of corporate affairs by Government of India on 7th September, 2016 under the provision of Section 125 of the Companies Act, 2013 (the Act) under which rules and regulations related to IEPF compliances are framed both for the investor and the companies.
The IEPF authority was established by government of India to protect the interest of investors who invested in Indian Shares market and their dividends have been unpaid.
When dividends on shares are not claimed or say are not encashed for 7 years consecutively, the dividends and shares of the investor is transferred to IEPF authority.
If a corporation has awarded a bonus or split shares in the previous seven years, such claims will not be transferred to the IEPF. The bonus shares will remain with the owners even if the original shares are transferred to IEPF if no dividends have been claimed for the previous seven years.
The IEPFA Authority has been bestowed with the responsibility of administering the Investor Education Protection Fund (IEPF) by reviving dormant shares, making the refund of unclaimed dividends, matured deposits/debentures, and interest thereon to investors. It also spreads awareness among investors and safeguard their interests.
What Type of Funds are transferred to IEPF?
- Unclaimed Shares
- Unclaimed Dividends
- Unclaimed Investments concerning debentures & interest due on them
- Unrealised matured time deposit proceeds of a company
Procedure for IEPF Claim / IEPF Refund:
- 1. Login on The Website
- 2. Search your family share in IEPF
- 3. If your Share Exists Click On the Recovery Your Share Now
- 4. Our Team Will get Back to You In 24 Hours