#procedure for issue of duplicate share certificate

[sharerecovermarketing]

Resolve the issue of duplicate share certificates effortlessly with Shares Recover. Our experts ensure swift share recovery for a seamless experience.

[poojakanojiya]

Step-by-Step Procedure to Handle a Lost Share Certificate

Here is the standard legal process to recover a lost share certificate in India:

1. Inform the Company or Registrar

Immediately inform the company or its Registrar and Transfer Agent (RTA) in writing about the loss. Mention details such as the shareholder's name, folio number, certificate number (if known), and number of shares.

2. Lodge an FIR

File a First Information Report (FIR) at the nearest police station. This document is critical as it legally records the loss and is often a mandatory requirement by the company for issuing a duplicate certificate.

3. Submit an Affidavit and Indemnity Bond

The shareholder must prepare and notarize:

An Affidavit stating the circumstances under which the certificate was lost.

An Indemnity Bond indemnifying the company from any future claims arising due to the lost certificate. Some companies may require a surety to sign the bond as well.

4. Publication of Public Notice

In some cases, the company may require the shareholder to publish a notice in a local or national newspaper about the lost share certificate. This step adds an additional layer of security to ensure that the certificate isn’t misused.

5. Verification and Issuance of Duplicate Certificate

After verifying all submitted documents and waiting for any objection period (typically 15–30 days), the company may issue a duplicate share certificate.

Why You Should Consider Dematerialization

Once you've received your duplicate certificate, the smartest next step is Dematerialization Of Physical Shares. This is the process of converting physical share certificates into electronic form, which is safer, faster, and eliminates the risks associated with loss, theft, or damage.

To dematerialize shares:

Open a demat account with a Depository Participant (DP).

Submit a Dematerialization Request Form (DRF) along with the physical certificate.

The DP forwards it to the company or RTA for verification.

Upon approval, the shares are credited to your demat account.

Final Thoughts

A lost share certificate may feel like a major setback, but the legal system offers a reliable and structured way to recover from it. Prompt action, accurate documentation, and following the proper procedures can help safeguard your rights as a shareholder. More importantly, to prevent future issues, consider the Dematerialization Of Physical Shares as a permanent solution.

[assetretrieval]

claim shares from iepf

How to claim TCS Dividends and shares from IEPF?

How would you feel if you got a 2000/- from a cupboard that you never expected?

Very happy & excited claim shares from iepf.

Now imagine if you get 1cr, which you were never expecting.

Following our agreement, we are bound not to reveal the actual identity of our clients; therefore, I will refrain from disclosing the actual names.

In 2005, our client's father acquired 500 shares of TCS at 342.27, totalling an investment of Rs 171135.

A. TCS announced a Bonus on 28th July 2006 in 1:1.

The number of shares after the split went to 1000

B. Bonus on 16th July 2009 in 1:1

So, the number of shares after the split went to 2000

C. Again, bonus on 31st May 2018 in 1:1

So after this split number of shares went up to 4000

In the year 2022, when the client approached us, the market price for TCS shares was approximately Rs 3050.

The Total Value of Investment in the year 2022 was Rs. 1.22 Crores.

Why had their shares gone to IEPF?

They had changed residence during this course of years. Also, the client's father had passed away. The son was completely unaware of this investment.

According to government regulations, if dividends on shares remain unclaimed for seven or more consecutive years, the company must transfer them to the Investor Education and Protection Fund (IEPF).

Before, when investors didn't collect their dividends, companies often kept the money without informing them.

To fix this issue, the government introduced the IEPF. It mandates that companies transfer unclaimed dividends, which have been neglected for seven consecutive years, to a fund for investor protection.

The client initially inquired about his father's Havells investment. During the conversation, our CEO, Mr. Vinny, delved deeper to learn more about the client's family background and investment practices. After obtaining some basic information, Mr. Vinny encouraged the client to provide a family tree and additional details. Following this, our research team initiated an investigation, ultimately leading to the TCS investment's discovery Duplicate share certificate.

What is the procedure for claiming TCS unclaimed shares and dividends from IEPF authority?

To make an IEPF claim, you can follow the steps given below:

1. Access the IEPF-5 form on the MCA portal via the IEPF website, and refer to the instruction kit for guidance.

2. Upon submission of the form, an acknowledgement will be generated with a unique "Submit Request Number" (SRN) that should be noted for tracking purposes.

3. Please print out the form and bring along the issued acknowledgement when needed.

4. Please submit the original copy of the indemnity bond, a copy of the acknowledgement, a share certificate, and IEPF Form 5. Along with these, please include a self-attested Aadhaar card, details of the bank account linked with your Aadhaar card in which the claim is to be received, and your demat account number. The envelope should be marked as "Claim for refund from IEPF Authority" and sent to the company's Nodal Officer (IEPF) at its registered office.

5. After submitting the claim form, it will be verified by the company's Nodal officer. Once the verification is complete, the officer will forward the form to the IEPF authority. Based on the verification report, the IEPF authority will refund any unclaimed shares and dividends to the client's account.

6. IEPF authorities must respond to the company's verification report within 60 days.

Refunds from IEPF can take 8-24 months and are complex.

Due to the complexity involved, many people tend to quit midway through the exercise. We are a team of professionals, including Company Secretaries and Lawyers, who have successfully recovered 100 Crores.

How can one check whether their TCS shares have been transferred to the IEPF?

You can search using details such as name, folio number, client ID, DP-ID, account number, or father's name on the Ministry of Corporate Website iepf.

We have noticed at times that this portal doesn't provide accurate information. Under such circumstances, the best action is to contact the company's registrar.

You Can Also Visit Us:

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[learnin-3]

What to Do If You've Lost a Share Certificate: A Step-by-Step Guide

Investing in shares is an essential part of wealth-building, but what happens when your records go missing? A common issue investors face is a lost share certificate, especially in the case of physical, paper-based certificates. If this has happened to you, don’t panic—there are steps you can take to recover your investment and secure your holdings.

What Is a Share Certificate?

A share certificate is a legal document that proves ownership of a specific number of shares in a company. It includes important details such as the shareholder's name, the number of shares held, the certificate number, and the date of issue. While most modern investors hold shares in dematerialized (demat) form, many still possess physical share certificates, particularly for older investments.

Common Reasons for Losing a Share Certificate

There are several ways a share certificate can be misplaced or lost:

Misplacement during relocation: Moving house can often lead to important documents getting lost in the shuffle.

Fire or water damage: Natural disasters can destroy paper documents, including share certificates.

Negligence or misfiling: Sometimes, it's as simple as forgetting where the document was stored.

Theft: In rare cases, share certificates may be stolen and used for fraudulent activities.

Whatever the reason, a lost share certificate can be a stressful experience, but it’s not the end of the road.

Steps to Take If You've Lost a Share Certificate

Here’s a step-by-step guide to help you recover from the loss:

1. Notify the Company or Registrar

Immediately contact the company that issued the shares or their registrar and transfer agent (RTA). Inform them about the lost share certificate and request a duplicate. Most companies will guide you through the recovery process.

2. File a Police Report

To initiate the process formally, you’ll need to file a First Information Report (FIR) at your local police station. This legal documentation serves as proof that the certificate has been lost and that you’re taking steps to recover it.

3. Publish a Notice in a Newspaper

You may also be required to publish a notice about the lost physical share certificate in a widely circulated newspaper. This step is intended to prevent fraudulent claims and alert the public to the potential misuse of the certificate.

4. Submit an Indemnity Bond

An indemnity bond protects the company from liability in case the original certificate resurfaces and is misused. The bond must be signed and notarized, and in some cases, backed by a surety (another party guaranteeing the bond).

5. Pay Fees and Submit Required Documents

You may need to pay a nominal fee and submit supporting documents such as:

- Identity proof (PAN card, passport, etc.)

- Address proof

- A copy of the FIR

- Affidavit and indemnity bond

Once all requirements are met, the company will issue a duplicate share certificate or facilitate a dematerialization process to convert it to electronic form.

Importance of Dematerializing Physical Certificates

If you've found yourself dealing with a procedures for lost share certificate, it might be time to consider dematerializing any remaining physical shares. Holding shares in demat form is safer, more convenient, and less prone to risks such as loss or damage.

Preventing Future Losses

To avoid losing vital documents again:

- Store physical certificates in a fireproof and waterproof safe

- Keep digital backups of all important records

- Regularly review your investment portfolio

- Shift all remaining physical certificates to demat form

Conclusion

Losing a share certificate can be a daunting experience, but recovery is possible with the right steps. Whether it’s due to a move, damage, or simple oversight, you’re not alone—many investors face this situation every year. Taking swift action, providing the necessary documentation, and working with the issuing company can help you restore your investment. And if you've ever dealt with a lost physical share certificate, consider taking measures to safeguard your future assets. For expert help navigating the recovery or dematerialization process, reach out to Crystal Peak Wealth your trusted partner in investment clarity and security.

[erpsoftwaredubaiuae]

ERP Implementation Challenges in Dubai and How to Overcome Them

Enterprise Resource Planning (ERP) systems have become a crucial tool for businesses in Dubai, enabling them to streamline operations, improve efficiency, and enhance decision-making. However, implementing an ERP system is not without its challenges. Companies often face various hurdles during deployment, from high costs to user resistance. In this article, we explore the common ERP implementation challenges in Dubai and provide practical solutions to overcome them.

1. High Initial Investment Costs

Challenge:

One of the primary concerns for businesses in Dubai when implementing an ERP system is the significant upfront investment. Costs include software licensing, customization, integration, and training.

Solution:

Companies can overcome this challenge by opting for cloud-based ERP solutions, which offer a more affordable subscription model. Additionally, conducting a cost-benefit analysis can help businesses understand the long-term advantages and ROI of ERP implementation.

2. Resistance to Change

Challenge:

Employees may resist adopting a new ERP system due to unfamiliarity, fear of job displacement, or skepticism about its benefits.

Solution:

To mitigate resistance, businesses should involve employees in the decision-making process early on. Providing comprehensive training, addressing concerns transparently, and highlighting the benefits of ERP can help foster acceptance and smooth the transition.

3. Integration with Existing Systems

Challenge:

Many businesses in Dubai already use various standalone software solutions. Ensuring seamless integration of the new ERP system with existing applications can be complex and time-consuming.

Solution:

Before implementation, businesses should conduct a thorough system audit to identify compatibility issues. Choosing an ERP system with flexible API capabilities and working with experienced implementation partners can simplify integration and ensure smooth data migration.

4. Customization Complexity

Challenge:

Every business has unique processes and requirements. Customizing an ERP system to fit specific business needs can be complicated and may lead to delays and increased costs.

Solution:

Organizations should focus on selecting an ERP system that aligns closely with their industry requirements. Limiting customization to essential functions and leveraging built-in features can help reduce complexity and costs.

5. Data Migration Challenges

Challenge:

Transferring data from legacy systems to a new ERP platform can be risky, leading to data loss, duplication, or corruption.

Solution:

To ensure smooth data migration, businesses should clean and organize existing data before transferring it. Conducting pilot tests and implementing data validation procedures can help minimize errors and ensure data integrity.

6. Lack of Skilled Professionals

Challenge:

ERP implementation requires skilled IT professionals and consultants, but there is often a shortage of experienced ERP specialists in Dubai.

Solution:

Businesses can address this challenge by hiring ERP consultants with industry expertise or partnering with reputable ERP vendors who provide implementation support. Additionally, investing in employee training and certification programs can help build internal expertise.

7. Compliance and Regulatory Issues

Challenge:

Dubai has strict business regulations, including VAT compliance and data security laws. Implementing an ERP system without considering these regulations can lead to legal issues.

Solution:

Businesses should choose ERP solutions that comply with UAE regulations and have built-in tax and compliance management features. Working with local ERP vendors who understand the regulatory landscape can also ensure compliance.

Conclusion

While ERP implementation in ERP Dubai comes with its share of challenges, businesses can overcome them with the right strategy, planning, and support. By addressing cost concerns, ensuring smooth integration, and focusing on employee training, companies can successfully deploy an ERP system that enhances efficiency and drives growth.

Looking for the right ERP solution for your business in Dubai? Partner with a trusted ERP provider to ensure a seamless implementation journey!

[investorlink]

Investorlink: Quick & Reliable Duplicate Share Certificate Services

Missing your share certificate? Investorlink offers quick and reliable Duplicate Share Certificate services to help you recover your shares with ease. Our expert team ensures a smooth and hassle-free process, guiding you every step of the way. Contact us today for professional assistance!

[digitlshareconnection]

Procedure For Issue of Duplicate Share Certificate in India - Share Connection

The procedure for issuing a duplicate share certificate in India involves several steps. First, the shareholder must report the loss or damage of the original certificate to the company. Then, the company will verify the claim and may require an indemnity bond or a surety from the shareholder. After verification, the company will issue a duplicate certificate.To issue a duplicate share certificate in India, the shareholder must submit an application to the company along with an indemnity bond and an affidavit stating the loss or destruction of the original certificate. The company then verifies the details and issues the duplicate certificate after complying with the necessary legal formalities.

[sharesamadhan23]

The Issuing of Duplicate Share Certificates

Navigating the realm of investments can be both exhilarating and daunting. However, encountering issues such as the loss or theft of share certificates can throw a wrench into an otherwise smooth journey. In this comprehensive guide, we'll unravel the intricacies of issuing duplicate share certificates, equipping you with the knowledge needed to address this issue effectively and safeguard your investments.

Understanding Duplicate Share Certificates

Duplicate share certificates serve as replacements for lost, stolen, or damaged original certificates. These duplicates carry the same value and rights as the originals, providing reassurance to investors in the face of unforeseen circumstances.

Importance of Duplicate Share Certificates

Duplicate share certificates play a pivotal role in maintaining the integrity of investments, ensuring that investors retain their rightful ownership despite setbacks such as loss or theft.

Legal Implications and Protections

The issuance of duplicate share certificates is governed by legal frameworks designed to protect investors and uphold the integrity of financial markets. Understanding these legal implications is essential for navigating the process effectively.

Regulatory Compliance

Regulatory bodies mandate specific procedures for obtaining duplicate share certificates, safeguarding against fraudulent activities and ensuring transparency in transactions.

Procedure for Issue of Duplicate Share Certificate

The process of obtaining duplicate share certificates entails several steps, each designed to verify ownership and mitigate risks associated with fraudulent claims.

Notification of Loss or Theft

Promptly reporting the loss or theft of share certificates to relevant authorities is crucial for initiating the process of obtaining duplicates and preventing unauthorized transactions.

Documentation Requirements

Providing accurate documentation, such as proof of ownership and identity, is essential for verifying claims and facilitating the issuance of duplicate share certificates.

Verification and Authentication

Thorough verification and authentication procedures are implemented to validate the legitimacy of requests for duplicate share certificates, safeguarding against potential misuse.

Resolving the Issue: Practical Steps and Considerations

Resolving the issue of duplicate share certificates requires a proactive approach and adherence to established protocols. By following these practical steps, investors can navigate this challenging situation with confidence.

Contacting the Issuing Authority

Initiating contact with the issuing authority of the share certificates is the first step towards resolving the issue. Prompt communication enables expedited processing and minimizes disruptions to investment portfolios.

Providing Necessary Documentation

Furnishing the requisite documentation, including proof of ownership and identification, streamlines the verification process and facilitates the issuance of duplicate share certificates.

Compliance with Regulatory Requirements

Adhering to regulatory requirements ensures compliance with legal standards and promotes transparency throughout the resolution process.

Frequently Asked Questions (FAQs)

1. How do I report the loss or theft of share certificates?

To report the loss or theft of share certificates, promptly notify the issuing authority or regulatory body. Provide details about the lost certificates to initiate the procedure for the issue of duplicate share certificates and prevent unauthorized transactions.

2. What documentation is required to obtain duplicate share certificates?

To obtain duplicate share certificates, prepare proof of ownership, such as original certificates or statements from the depository, and identification documents. These are essential for the procedure for the issue of duplicate share certificates and to ensure compliance with regulatory requirements.

3. Are duplicate share certificates legally binding?

Yes, duplicate share certificates are legally binding replacements for lost or stolen originals. They carry the same rights and value, ensuring the integrity of your investment despite the issue of duplicate share certificate.

4. Can I expedite the process of obtaining duplicate share certificates?

You may expedite the process by promptly providing all required documentation and communicating proactively with authorities. However, the timeline for obtaining duplicates varies, depending on the complexity of the case and the efficiency of processing systems related to the procedure for issuing duplicate share certificates.

5. What precautions can I take to prevent the loss or theft of share certificates?

To prevent loss or theft, store certificates securely and consider keeping electronic copies. When transferring certificates, use registered mail or secure courier services to mitigate risk.

6. Is there a fee associated with obtaining duplicate share certificates?

Yes, fees may apply, including processing fees from the issuing authority and administrative fees from regulatory bodies. Inquire about applicable fees upfront to budget accordingly for the issue of duplicate share certificates.

Conclusion

Navigating the issue of duplicate share certificates can be daunting, but armed with the right knowledge and proactive measures, investors can effectively address this challenge and safeguard their investments for the future.

[infinysolution]

The Magic Box Of Long-term Investments

The era of the 1980’s was a BOOM BANG in the Indian Share market where one after another an IPO was knocking the door of investors. The time was seen as no less than OPPORTUNISTIC!!

Retail investors, brokers, sub brokers & bookies -everyone saw a golden chance and invested in the share market wholeheartedly. Through friends, relatives, neighbors, colleagues, anyone would come to know about the next talked about IPO and would fill his form to be a cake piece owner of a dream company – to the extent that for many shares trading became their secondary business. But as they say, “Days do not remain the same ” the scam of 1990 brought down the riding bull & with it lay strewn the hopes of thousands of investors into bits & pieces.

When hope breaks anger vents. People were just not bearish but shattered enough not to believe in the return of Bull. Some locked their share certificates in dark rooms and some even went to the extent to tear them & burn these deemed to be worthless papers to ashes. Innocent & unaware that these pieces of paper even when torn were secured for them under the umbrella of Govt. guidelines, the Companies Act & its bylaws which has always been prioritized to keep the interest of retail investors.

And today even if these shares certificates are lost or mutilated, the rights & bonus on them are unclaimed and the dividends on these have remained unpaid for years, these lost shares, unclaimed dividends along with all other benefits accruing are locked unharmed in a safety deposit, a magic box under the custody of our Government waiting for the rightful beneficiary -that heartbroken investor or his heir to claim it back and yes to claim a big multiple of the initial investment!! A couple of thousands invested in companies like HDFC Bank, Reliance, Bajaj, Avanti Feeds etc., who were not night – by- flyers are gold (amount in lacs) to its investors.

WHERE TO LOCATE YOUR MAGIC BOX?

Pursuant to Section 124(6) of the Companies Act 2013 read with Investor Education & Protection Fund (IEPF) Authority (Accounting, Audit, Transfer and Refund) Rules 2016 as amended from time to time, the shares in respect of which dividend is remaining unclaimed for a period of seven consecutive years shall be transferred to the IEPF Account established by the Central Government with NSDL (IEPF Account No. IN30070810656671).

 The claimant can claim the shares from IEPF Authority by filing form IEPF-5 along with requisite documents as prescribed by the IEPF Authority. Pursuant to these guidelines, companies are transferring chunks and chunks of shares liable to be transferred to the above account under safe Government guidelines, to protect the interest of their investors. And here is where you find your magic- treasure – box.

LET’s MAKE THE TREASURE HUNT SIMPLER

So, what if you are not in possession of documents relating to your holdings? What if you vaguely just remember a few names you or your family might have invested in? What if since then you have changed your residence a number of times?  We, at Infiny Solutions have you sorted. Starting from tracking your investments to updation of your KYCs, running through the procedure of issue of duplicate shares and claiming of unclaimed dividends to claim of shares from IEPF to your demat account we shall have you covered step by step. All we need is a few details of the investor and that is enough to track back your valuable investments and retrieve them for you.

Blog Source :- https://infinysolutions.com/the-magic-box-of-long-term-investments/

claim of shares from IEPF, IEPF, Indian Stock Market, Infiny Solutions, IPO, Long Term Investments

[tracinyad]

A Quick Overview to Taking an Invention to Market

If you are an inventor or supplier of a new product, competitors can be a major problem. For this factor, I am often asked just how to secure an invention or new product from being stolen or "knocked off."

In my experience, the response to the competitive challenges is to develop a technique based upon the objectives for the invention, the certain product itself, and the approach to be taken.

Developers take one of two major techniques to make cash with their invention: certifying the invention to one more business or ending up being a maker themselves. I will first talk concerning the technique for a licensing strategy.

Before describing some strategic options, I need to discuss that the magnitude of worry of revealing others an invention at this phase is typically overblown. In my experience, a business will seldom rip off an invention at this phase. The majority of item firms, including those inclined to knock-off items, have lots of brand-new products underway at any type of given time. They are focused on ending up and also launching the stockpile. In a lot of cases where "burglary" is assumed, it is likely a plain coincidence. I am frequently offered extremely comparable suggestions from individuals who can not have an understanding of each other.

I ought to likewise deal with points I have made somewhere else regarding patents and also nondisclosure agreements. They are devices that can be useful, however generally, they're far much less powerful and effective by themselves in the real world of affordable consumer products than most inventors as well as lots of experts believe them to be. You can also check out InventHelp Commercials for more information and advice

Please note: I am not an attorney, as well as while I will attend to several of the legal devices made use of in this procedure, this is based on my very own experience and also should not be taken into consideration legal advice.

Method for the Licensing Technique

When licensing an invention, the main purpose is to develop the assumptions with the business you are approaching to license your item that your invention would be of value to them and also it remains in their benefit to enter into a lawful licensing agreement with you as well as pay you for it as opposed to just replicating it and also claiming "thank you for the pointer."

Here are several ways to create the assumption of value:

A prototype that plainly illustrates the functionality, creativity, and also utility of the invention is a valuable, if not vital, tool. Although these people check out items daily, the effect of being able to hold and also try a new item vs. describing it or revealing an illustration is significant.

Provide details. Product groups at companies, especially little or midsize companies, are putting on several, several hats. This is, after all, one-factor inventors can be useful to them. When an item supervisor advocates for launching a new product, being geared up with crucial market information that sustains his choice can drastically raise his dedication to an invention. Market research can have a significant impact. As well as by this I suggest info concerning security problems as well as competitive products, and also beneficial market statistics or stats they may not have considered to be appropriate. And we like it when creators have real focus group information from the core target customers.

While this may seem secondary, based on the first-hand experience, I can state that for firms that have licensed products before, the assumption of the creator and also exactly how easy (or challenging) they believe it would be to function with them is an actual element. As many service masters have claimed, people do organization with people they like.

As soon as the worth of the invention has been established, it's important to be clear that to protect the civil liberties to take this product to market, the possible licensing partner will require to implement a licensing agreement. In licensing negotiations, intellectual property security, or at least the look of defense, is typically important, regardless of the intrinsic weaknesses I discussed above.

Discover and understand the offered options from a certified expert. While practically it is possible to create and submit intellectual property filings oneself, I advise using a qualified and registered patent attorney or representative. There are nuances in using language, as well as leveraging and using IP law is hard to pick up from the ground up.

In this procedure, the most essential phrase I can think about is "patent pending." Having the ability to provide your item as patent-pending includes in the regarded worth and it shares a warning (" We better not replicate this or we can get filed a claim against"). So file what you can to be able to properly compose "patent pending" on your sell sheet, prototype, website, calling card, as well as anywhere your product, will be shown.

Depending on the intricacy and also the attorney or patent agent's prices, having a utility patent prepared and submitted by a specialist can set you back thousands of dollars. Nevertheless, if you think licensing to be a sensible method, having been issued a practical energy patent, or having one in process, is a beneficial device in this situation.

If filing an energy patent promptly is not an option, there are various other means to achieve patent-pending conditions. Probably the fastest and also least pricey method is to submit a provisionary patent application. A "provisional" never, in fact, becomes a patent but works as a place-holder (or date-holder) for when, as well as if, you do file a patent.

A developer has twelve months from the date a "provisionary" is submitted to then file the utility patent application. Along with having the ability to utilize words "patent pending" throughout this period, it additionally supplies time to find a licensing companion. At this juncture, several options exist:

As soon as a partner has been found, the utility patent can after that be filed.

The "provisionary" can be licensed as part of the negotiation-- as well as the worry to file the utility patent.

The licensee might license the "provisionary" and also discover they are content to continue without the energy patent as any type of variety of current products does not have licenses.

The technique for the Manufacturing Approach

Most of these actions can be taken if the technique is to take a product to market. Nonetheless, the thoughtful technique will be various.

When taking the item to market, there is no need to produce the "assumption" of value with an additional supplier. Actually, in this method, the assumption should be made that once the product has begun to amass a meaningful market share, rivals will take notice. As well as considering that licensing the invention is not the main objective, safeguarding IP to produce a property to certificate additionally has less importance. Consequently, the protective approach in this technique is mosting likely to be made to hinder the competition's capacity to duplicate you by enhancing the danger as well as price-- regarded or actual-- of knocking you off. This will get priceless preparation for the market. So the method is to use whatever lawful devices are offered-- as well as cost-justified-- to create obstacles to being duplicated and also to win with marketing.

While some creations are patentable, in my experience, the patentability of an invention is frequently uncertain. I have often consulted with creators that invested the majority of their offered capital on their patent applications to locate that the result was either a declined application or a substantially narrowed-down, less-useful version of their initial application; this is why numerous product companies don't also trouble with patents. That same cash is made use of to create an excellent product and also to win at marketing. You can also follow InventHelp Linkedin

If the cost/benefit of declaring and preserving an energy patent is suspicious, then it may be useful to submit a provisional patent application at a fraction of the cost of a patent. This will certainly delay the need to submit an actual patent for twelve-month, which might or may not be the chosen path, and provides 12 months' lead time with the capacity to make use of the caution of "patent pending" on packaging throughout this period.

A hallmark can be asserted by just beginning to use the ™ after the brand name as well as item name (done by typing "tm" between parenthesis). Second, filing for a government registered trademark prices significantly less than a patent, and also the bar for demonstrating infringement is less stringent. Produce a fantastic product and offer your sellers as well as customers fantastic value from the start.

Design product packaging that is both captivating and also easily merchandised.

Establish targeted marketing as well as Public Relations project that fits your budget. Note: Restricting advertising to trade magazines targeting retail buyers and also at a trade convention as well as making use of Public Relations to create nationwide brand name recognition as well as need from end-users is commonly most cost-efficient at an early stage.

While not an assurance, lots of merchants will believe difficult before giving a peg or shelf room to a thing that is similar (a knock-off) to yours. They will pick your rival if the new thing wins at advertising and marketing (is of much better top quality or is valued in a means that enhances their margin).

Be a trusted vendor with outstanding customer care.

Safeguard your brand impact in the store by developing complementary products rapidly.

Book as lots of URLs as you can economically justify that relate to your item as well as trademark name and ideas.

Be generous, make pals in the sector, and develop your affordable intelligence.

Know who one of the most likely rivals are and also enjoy them very carefully.

Despite the course you pick to take, there will certainly always be risks. As well as in organization-- specifically the product service-- the threat of competition is constantly existing. Nevertheless, if protecting the invention/product is integrated into a natural strategic plan with multiple techniques based on the technique to be taken, the chances of success will be significantly enhanced.

The Fact of Patents as well as NDAs Some would claim that the "noticeable" way to safeguard your product is to file a patent. As well as sure, there are some scenarios where a beneficial patent has been released to an inventor who has the financial wherewithal to police as well as protects it.

By now I hope the constraints of patents are clear. Go to Target or Walmart and review the product packaging of 50 items. Exactly how several are patented?). A layout patent, which covers the precise style of an item, is much more limited as a defensive tool than a wide utility patent. Provided the number of new patents being issued each day, there are fewer readily available insurance claims for basic products every year.

There are no "patent authorities." If somebody rips off a product and it can be shown that someone has infringed on a patent, it depends on the creator to participate in and spend for, the lawful battle to prove and also to stop the infringer from proceeding. Given that the argument may not be specific, this can be an expensive legal action. Several developers lack the monetary funding to combat a lawful battle with a well-heeled knock-off business.

It should currently be clear that a patent is usually not the end-all response that many inventors, as well as specialist consultants, presume it to be. That's the trouble. The bright side is that understanding this, an inventor can concentrate on producing a winning technique.

I would certainly additionally like to briefly discuss another often-misunderstood lawful record: the nondisclosure agreement (NDA). While there are advantages to utilizing an NDA, its effectiveness is typically overemphasized. Below's why:

Initially, many-- most likely most-- suppliers will certainly not sign an NDA. They see no reason to obligate themselves to a creator with whom they have no prior relationship.

Second, an NDA is not a patent. Many NDAs don't say anything concerning not swiping the item idea, so the celebrations to the NDA are just guaranteeing not to tell anyone else.

Third, there is the capacity of including a non-compete provision of some kind in an attempt to deal with the last factor. Doing so will certainly further minimize the number of companies to whom you will certainly be able to pitch your invention as few will certainly authorize these. I have additionally directly discovered a couple of venture capitalists and expert financiers ready to sign NDA arrangements.

The majority of item companies, including those inclined to knock-off items, have lots of brand-new items in progression at any provided time. When an item manager supporters for launching a brand-new item, being geared up with critical market data that supports his decision can drastically boost his commitment to an invention. I have frequently spoken with inventors who invested the majority of their readily available funding on their patent applications to find that the result was either a decreased application or a drastically narrowed-down, less-useful version of their original application; this is why lots of item business do not also bother with licenses. A layout patent, which covers the specific layout of a product, is a lot more limited as a protective tool than a wide energy patent. If a person knocks off a product as well as it can be shown that someone has infringed on a patent, it is up to the inventor to involve in and also pay for, the legal fight to show and also to quit the infringer from proceeding.

https://twitter.com/inventhelp

[poojakanojiya]

What Happens If You Lose Your Share Certificate? Explained

Losing a share certificate can be a stressful experience, especially if the investment holds significant financial value or emotional attachment. However, it’s important to know that a lost share certificate does not mean you have lost ownership of your shares. In this blog, we’ll explain what really happens when you lose your physical share certificate and outline the proper procedures for lost share certificate recovery and reissue.

What Is a Share Certificate?

A share certificate is a legal document issued by a company to its shareholders as proof of ownership. It contains essential information such as the shareholder’s name, the number of shares held, the certificate number, and the company name. Before the widespread adoption of dematerialisation, physical share certificates were the standard way to represent shareholding.

What Happens If You Lose Your Share Certificate?

If you lose your share certificate, your rights as a shareholder remain intact. The ownership of shares is registered in the company's records or with its Registrar and Transfer Agent (RTA). However, without the original certificate, you will not be able to sell, transfer, or convert those shares until a duplicate is issued.

The company or its RTA will not entertain any transaction related to the lost certificate until it is officially reported and replaced with a new one. This is to protect both the shareholder and the company from potential fraud or unauthorized transfers.

Procedures for Lost Share Certificate

To obtain a duplicate share certificate, there is a well-defined legal and procedural path to follow. Here’s a step-by-step breakdown of the procedures for lost share certificate recovery:

1. Immediate Notification

As soon as you realize your share certificate is lost, notify the company's RTA in writing. Include details such as your name, folio number, share certificate number (if available), and number of shares held.

2. Lodge an FIR

File a First Information Report (FIR) with the local police station regarding the lost share certificate. This step is critical for legal protection and forms part of the documentation for a duplicate certificate.

3. Affidavit and Indemnity Bond

You will be required to sign an affidavit declaring the loss of the certificate and an indemnity bond indemnifying the company against future claims on the original certificate. These documents must be notarized and in the format specified by the company or RTA.

4. Public Advertisement (Optional/If Required)

Some companies may ask you to publish a notice in a widely circulated newspaper, announcing the loss of the certificate and inviting objections. This adds a layer of protection in case someone else attempts to misuse the lost certificate.

5. Application for Duplicate Certificate

Submit a formal application for issuance of a duplicate share certificate, along with the FIR, affidavit, indemnity bond, and any other supporting documents requested by the RTA or company.

6. Processing and Verification

The company and RTA will verify all submitted documents. If everything is in order, they will cancel the old certificate (in their records) and issue a duplicate share certificate to your registered address.

7. Dematerialisation (Recommended)

Once you receive the duplicate certificate, it is highly recommended to convert it into demat form. Dematerialisation reduces the risk of loss, theft, or damage and allows for smooth online transactions.

Final Thoughts

Losing a share certificate can be a hassle, but the process to recover and reissue it is well-defined and secure. By following the proper procedures for lost share certificate, you can safeguard your investment and reclaim full control of your shares.

To avoid such issues in the future, consider converting your physical shares to demat. This eliminates the risk of misplacement and gives you digital access to your portfolio at all times.

If you’re facing challenges with a lost share certificate, don't delay begin the process immediately and consult your company's RTA or a legal advisor if needed.

[assetretrieval]

Duplicate share certificate

Expert Solutions for Seamless Transmission of Shares: Your Guide to Asset Recovery:

The transmission of shares is an essential legal process that ensures the rightful transfer of shares from a deceased shareholder to their heirs, nominees, or legal successors. Whether it’s the transfer of shares after the death of a shareholder, recovering assets transferred to the Investor Education and Protection Fund (IEPF), or managing intricate procedures, the process can often be challenging without professional guidance.

At Asset Retrieval Advisors, we specialize in simplifying the transmission of shares process, providing expert support for resolving issues related to shares transfer to iepf shares, and ensuring rightful claimants receive their due without undue stress.

This comprehensive guide delves into every aspect of IEPF share transfer, transmission of shares, and the procedural requirements involved.

Understanding Transmission of Shares:

Transmission of shares refers to the process by which ownership of a deceased shareholder’s shares is legally transferred to their heirs or nominees iepf shares recovery. Unlike the voluntary transfer of shares, transmission occurs due to inevitable circumstances like death, insolvency, or incapacity of the original shareholder.

When Is Transmission of Shares Required?

1. Death of a Shareholder:

When a shareholder passes away, their shares need to be transmitted to the legal heir or nominee.

2. Insolvency of the Shareholder:

Shares may be transmitted to the official receiver or trustee in case of insolvency.

3. Mental Incapacity:

If a shareholder is declared mentally incapacitated, shares may be transmitted to a legally appointed guardian.

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat aute irure dolor in reprehenderit.

Key Documents Required for Transmission of Shares:

Key Documents Required for Transmission of Shares

Certified copy of the death certificate.

Succession certificate or probate of the will.

PAN card and address proof of the claimant.

Transmission request form issued by the company or registrar.

Original share certificates (for physical shares).

Nomination registration proof (if applicable).

The Importance of Timely Transmission of Shares:

1. Safeguarding Shareholder Rights:

Legal heirs gain access to dividends, voting rights, and other shareholder benefits.

2. Avoiding IEPF Transfer:

If shares or dividends remain unclaimed for seven years, they are transferred to the IEPF.

3. Simplifying Estate Management:

Proper transmission reduces disputes and ensures seamless estate planning.

IEPF Share Transfer: What You Need to Know:

What is IEPF Share Transfer?

When shares and dividends remain unclaimed for seven consecutive years, they are transferred to the Investor Education and Protection Fund (IEPF). The Lost physical share certificate was established by the Government of India to protect investor interests.

1. File a claim with the IEPF Authority using Form IEPF-5.

2. Submit required documents, including legal proofs and shareholder details.

3. Coordinate with the company for verification.

4. Receive approval from the IEPF Authority and reclaim your shares.

Steps in the Transmission of Shares Process:

1. Notify the Issuing Company or RTA

Inform the company or registrar (RTA) about the death of the shareholder.

Provide details such as folio number, shareholder name, and type of shares.

2. Gather and Submit Documents

Ensure that all required legal and procedural documents are in order, including:

Certified death certificate.

Legal heir certificate or will probate.

Transmission request form.

3. Verification and Processing

The company or registrar verifies the documents submitted.

In case of physical shares, new certificates are issued.

For demat shares, ownership is transferred electronically to the heir’s demat account.

4. Special Cases: IEPF Recovery

If shares are already transferred to the shares transfer to iepf, additional recovery steps must be initiated.

Filing claims with the IEPF Authority and coordinating with the company is essential.

Challenges in Transmission of Shares:

1. Unregistered Nominations:

When no nominee is registered, legal heirs must secure succession certificates or court orders, complicating the process.

2. IEPF Share Transfers:

Recovering shares transferred to the IEPF involves lengthy documentation and approvals.

3. Outdated Records:

Physical shares with missing or outdated records create additional hurdles.

How Asset Retrieval Advisors Can Help:

At Asset Retrieval Advisors, we offer a comprehensive suite of services to address every challenge in the transmission of shares process, including:

1. Professional Documentation Assistance

We handle all paperwork, from drafting affidavits to preparing claim forms, ensuring accuracy and compliance.

2. Expert Guidance for IEPF Recovery

Our team simplifies the recovery of shares transferred to the IEPF by navigating the regulatory landscape.

3. Seamless Liaison with Companies

We coordinate with issuing companies and registrars, minimizing delays and ensuring a hassle-free process.

4. Legal and Procedural Expertise

Whether it’s obtaining a succession certificate or resolving disputes, we provide end-to-end support.

Call to Action

Secure Your Rightful Shares Today!

Don’t let procedural complexities delay your claim. Contact Asset Retrieval Advisors for expert guidance on the transmission of shares, recovering assets from the transmission of shares, and more.

[learnin-3]

What to Do When You’ve Lost a Share Certificate: A Complete Guide

Losing a share certificate can be an unsettling experience for any investor. A lost share certificate means that the proof of your ownership of shares in a company is no longer in your possession. This can make it challenging to sell, transfer, or manage those shares. However, there’s no need to panic.

Losing your share certificate doesn’t mean that you’ve lost your investment. There are clear steps you can take to recover from this situation. In this blog, we will discuss what to do if you've lost my share certificate, and how you can handle the replacement process effectively.

What Is a Share Certificate?

A share certificate is a physical document issued by a company to its shareholders, indicating the number of shares owned, the company name, and the shareholder’s details. It serves as proof of ownership and is often required for transactions like transferring shares or selling them. In the past, share certificates were the primary method of documenting ownership. However, with the advent of digital records, many investors have now switched to holding shares in dematerialized (demat) form, making paper certificates less common. Still, some investors retain physical share certificates, and losing one can lead to some uncertainty about the next steps.

Why Losing a Share Certificate Matters

When you realize that you’ve lost my share certificate, it’s important to understand that while it’s an inconvenience, it does not mean the loss of your actual shares. Your ownership is still recorded in the company’s shareholder register, and you continue to hold legal ownership of the shares. However, losing the certificate makes it difficult to manage those shares, particularly if you want to transfer or sell them. That’s why it’s essential to follow the proper procedure to replace the lost certificate.

What to Do If You’ve Lost My Share Certificate

If you’ve lost my share certificate, here are the steps you need to follow to resolve the situation and regain control of your shares:

1. Notify the Company or Registrar

The first step in replacing a lost share certificate is to notify the company that issued the certificate or the registrar responsible for managing the company’s shareholder records. Every company has a designated registrar who handles shareholder transactions and related concerns. When you contact them, you will need to explain the situation and provide the necessary details about your ownership. This typically includes your full name, address, the company’s name, and the number of shares you own.

2. File an Affidavit

Most companies will require you to file an affidavit confirming that the share certificate has been lost. In this affidavit, you will need to affirm that you are the rightful owner of the shares and that you have made reasonable efforts to locate the certificate. The affidavit will also require you to provide key details, such as the certificate’s serial number, the number of shares, and your shareholder information.

3. Police Report (If Required)

While not always necessary, in some cases, especially if the certificate has been lost under suspicious circumstances (such as theft), the company may require you to submit a police report. The police report provides additional documentation of the loss and helps protect you against potential fraud or identity theft.

4. Request a Duplicate Certificate

Once the company has verified the affidavit and any necessary police reports, you can formally request a duplicate share certificate. The registrar will process your request and issue a new certificate. You may need to fill out a form and pay a fee for this service, which varies depending on the company’s policy. The processing time for issuing a duplicate certificate can range from a few weeks to a couple of months, depending on the company’s systems.

5. Receive the New Certificate

Once the registrar has processed your request and confirmed all the necessary documentation, they will issue a duplicate share certificate. The new certificate will be sent to your registered address. Upon receiving it, you’ll once again have the proof of ownership of your shares and will be able to manage your investment freely.

How to Avoid Losing Share Certificates in the Future

To avoid the issue of losing a share certificate in the future, you may want to consider converting your physical shares into dematerialized form. Demat accounts allow investors to hold shares electronically, eliminating the risks associated with physical certificates. Here are a few reasons why you should consider switching to a demat account:

Security: Shares held in demat form are much more secure than physical certificates, as they cannot be lost or stolen.

Convenience: Managing and trading demat shares is easier than handling physical certificates. You can buy, sell, and transfer shares electronically, reducing paperwork and saving time.

Speed: Dematerialized shares allow for faster transactions and transfers. You don’t need to wait for the physical certificate to be processed.

Conclusion: Protect Your Investments with Crystal Peak Wealth

Losing a share certificate is an inconvenience, but with the proper steps, it’s a manageable issue. By notifying the company or registrar, submitting an affidavit, and requesting a duplicate certificate, you can regain control of your shares. To prevent this situation from arising in the future, consider converting your shares into demat form.

For further guidance on managing your investments and ensuring that your shares are secure, Crystal Peak Wealth offers expert services to help you navigate the world of shareholding and ensure your portfolio is properly protected and managed. Whether you need assistance with replacing a lost share certificate or transitioning to a demat account, Crystal Peak Wealth is here to support you every step of the way.

[massivegoateecowboy]

Passport lost?

Passport lost?  Confused about the lost visa procedure?  Want to apply for a copy identification? In this article, we will clarify the lost visa system and archives needed for a lost identification.

An identification is a fundamental and obligatory travel report, given to a resident of a country by its administration, which guarantees the ethnicity and identity of its proprietor. In India, there are various kinds of identification and they are additionally contrasted by page tally.

Be that as it may, on the off chance that the visa lost or is harmed, torn or ruined, you will require a copy identification to travel. Here I will examine how to apply for a copy identification in subtleties. Thus, continue to peruse. On the whole, how about we know some significant realities and details for a copy identification.

In which cases you are permitted to apply for a copy Passport

There are some case where you can apply for a copy visa. Try not to stress on the off chance that you have some other explanation, you simply need to select one of them during application.

Case 1. Visa LOST

On the off chance that you lose your identification, you can apply for a copy visa. Yet, for this situation, you need to record a report quickly at the closest police headquarters and identification office. In the event that you live outside of India, you can contact the Indian Mission in the country. From that point onward, you can adhere to the standard Duplicate visa application method which is referenced beneath.

Case 2. Harmed Passport

On the off chance that your identification is harmed or dirtied or it is in an awful condition, you can apply for a copy visa. Recollect that the harmed visa is additionally arranged dependent on its condition. The two classifications are—

Incompletely harmed visas, in which the name, identification number and photograph of the holder are unblemished or can be perceived.

Completely harmed identifications in which the subtleties are not recoverable by any stretch of the imagination.

In the event that your identification is classified in the main classification, you will actually want to profit tatkal plot which is significantly quicker than the ordinary copy visa making measure. It is inaccessible for the last class. The interaction is something very similar for both harmed and lost case.

Case 3. Other Emergency Situations

There are exactly a few crisis circumstances in which you can apply for a copy identification. Assume you are an Indian resident and voyaging abroad, however you need to enter India for some crisis circumstance like the demise of a relative and you discovered that you have lost your identification. In a circumstance like this, you can apply for a copy visa.

Required Documents for Duplicate Passport Application

To apply for a copy visa, you need the accompanying reports

Testimony with subtleties of how a visa got harmed or was lost (Annexure 'L')

No Objection Certificate (Annexure 'M')/Prior Intimation Letter (Annexure 'N')

Current location (confirmation)

Phone bill

Testament from Employer

Water bill

Political race Photo ID card

Annual Tax Assessment Order

Identification duplicates of life partner

Aadhaar Card

Parent's identification duplicate

Gas Connection Bill and passbook

Lease Agreement

Police report (FIR expressing your missing visa report if there should arise an occurrence of lost identification)

Evidence of Date of birth

HS level school declaration

Legitimate Birth endorsement

Semi-educated or proficient candidates: Affidavit is sworn before a legal official expressing the spot and date of birth (Annexure 'A')

Copy of the first and last pages of the old identification (discretionary)

Visa size photo

In a lost case, it probably won't be obligatory to present a past identification copy. Be that as it may, you may be gotten some information about the visa.

Instructions to Apply for Duplicate Passport Online

On the off chance that you need a copy identification, applying on the web may be the most ideal alternative for you as it is simple and time-proficient. To do so go to the authority Indian identification administration website www.passportindia.gov.in  and follow these means.

Open the connection and the landing page of the site will open.

On the off chance that you are new to the site, register yourself. The individuals who are enlisted can sign in utilizing their ID and secret key.

Presently you will see the rundown of administrations. Pick "Apply for new visa/Re-issue of identification" and now decide to apply online by tapping the blue hyperlink under Alternative 1.

In the following page check the suitable boxes and snap straightaway. Do likewise for the following page.

Presently in the following page fill the application structure and go to the following page until you discover a page requesting transferring reports.

Presently transfer the necessary reports and check the second checkbox in the event that you need to be advised about your copy identification status by SMS. It will cost you additional 50 rupees.

Then, pick "pay and timetable arrangement" and afterward pick an installment choice.

From that point forward, you will see the rundown of arrangement accessibility. On the following page pick an appropriate arrangement date from the dates featured with green. Here and there it tells that you didn't book an arrangement yet don't stress. Login in a little while and book the date once more.

Presently complete the installment strategy and print the receipt on fruitful installment. In the event that you face any worker issue, attempt again later.

Print the application receipt.

Go to the arrangement put on a fixed date and complete the check cycle.

You can follow your application status on a similar site and furthermore you will get updates to your enlisted versatile no in the event that you picked that.

Additionally Read:-  How to get a copy driving permit in India

The most effective method to Apply for Duplicate Passport Offline

You can likewise apply for a copy visa disconnected.

For this situation, you ought to have every one of the necessary reports. You can do it at your closest territorial visa place or PSK or PO. Here is the strategy to apply for a copy visa

To begin with, go to passportindia.gov.in and print the application structure.

Fill the frame and transfer different records in the site.

Get the ARM receipt.

Go to PSK or CSS or PO and submit it with all records and make an arrangement.

Recall the methodology is distinctive for PSK, CSS, PO and so on for more definite discussion visit here

Charges for Duplicate Passport

There is a charge for applying for a copy visa according to the public authority strategy. The sum relies upon a few angles like a justification making a copy visa, the quantity of pages in the identification, how dire you need the copy identification, kind of identification and so on

You can check the table beneath to see the various expenses:

Justification Re-issue Number of pages Normal Tatkal

Substitution of identification because of misfortune/harm/theft 36 Rs. 3, 000 Rs. 5, 000

Substitution of visa because of misfortune/harm/theft 60 Rs. 3, 500 Rs. 5,500

There are some extra charges dependent on region or in the event that you settle on SMS notice.

Time Required to get your Duplicate Passport

It is an authority cycle where police check might be included. Be that as it may, typically, the ordinary copy visa making method requires around 7 days to multi month. In any case, in the event that you select the tatkal copy visa, you can get it in 2-4 days. The time it takes additionally relies upon the police check method. Along these lines, be patient and you will get your copy identification. In the event that you need any further assistance, allowed to get in touch with us. ITZEAZY is consistently eager to assist you.

In the event that you loved the article, leave a remark beneath and remember to share. Much thanks to you for visiting us. I wish you have a pleasant day.

[baskarmenon98-blog]

Physical shares, IEPF, Unclaimed shares and you

Do you have any plan what quantity of wealth is wasting out there to be claimed by the one that invested with or his / her legal heirs? it's fascinating. Often, the figures are therefore desensitising that it makes no sense to a standard man.

When a employee joins the corporate, he gets Provident Fund. the staff, so as to avoid wasting tax, invest associate insurance. Safety minded Indian upper-middle-class puts the cash in mounted deposit in banks. additional enterprising and risk-taking ones invest in capital market.

However, these details are ne'er organized and passed on to consequent of kin. With the results tens of thousands of crores are lost or unwanted. Estimate of insurance unwanted is over Rs.15,000 crores. Provident Fund unwanted is over Rs.10,000 crores. Since, there are not any single nodal agency, it's onerous to estimate the bank deposits, however it's seemingly to be over Rs.15,000 crores.

The value of shares unwanted or is rendered useless is really astronomical. They simply dwarf the whole of insurance, Provident Fund and Bank mounted deposit place along.

In order to know the issues of unwanted shares, one should trace the history of shares. Shares as we all know, are listed available exchange. we have a tendency to open a Demat Account, log into the Demat Account electronically and purchase or sell shares in lightning speed. Technology has mostly organized the share mercantilism, insurance investment, Provident Fund and fund. However, what went on within the past continues to be a implanted downside.

Our focus during this journal is merely shares. Since they simply represent over five hundredth of the unwanted wealth.

We have a disclaimer to create here, we've got unconditional interest. Our company serves purchasers – end to finish – to assert their unwanted shares, their duplicate shares, the shares withdrawn by the govt within the kind of IEPF – capitalist Education and Protection Fund.

In order to know the quality of the issues as aforementioned earlier, it pays to trace the history of shares. All shares were issued in physical type. i.e. shares were written during a piece of paper and bimanual over to the recipient. Shares were transferred to a different person by filling up share transfer forms. until the year 1999, getting paper shares was a norm associated wasn't an exception.

Only within the year 1999, issue of shares in electronic format was created necessary.Till 2005, straightforward procedure of nomination wasn't offered for the shareholders.

Given the state of affairs, it's quite potential that heap of shares born out of the horizons because of varied reasons. it's going to ensue to straightforward reasons like modification of residence or one thing additional complicated such as a closelipped father dying while not informing consequent generation. These shares have gained tremendously in volume over time. Total price of shares in physical type stagnant even nowadays are to the tune of Rs.1,50,000 crores.

This is a menace. so as to counter and misuse of unwanted shares, the govt came out with a series of legislation’s.

1. They fashioned IEPF – capitalist Education and Protection Fund and mandated each company to transfer the dividends to a delegated account if the dividend has not been claimed for seven years i.e., if a draft has not been encashed for seven years, at the beginning of eight year the whole quantity are transferred to the govt fund, that in fact are often claimed back.

2. As on thirtieth September 2018, they asked the businesses to transfer the shares on that dividends has not been claimed for seven years to IEPF. Therefore, the businesses transferred heap of shares to IEPF. Total price of shares transferred on thirtieth September 2018, by prime hundred corporations alone was Rs.11,000 crores.

3. The govt stopped the businesses from causing dividend by approach of draft effective thirtieth September 2018.

4. The govt stopped the transfer of shares in paper type to a different person with impact from thirty first March 2019, i.e., presently although someone has paper share, they can't transfer the shares while not demating the shares.

All these measures are praiseworthily. One would be fairly expecting, this menace of unwanted shares would are a factor of past. Alas, we have a tendency to don't seem to be simply standing there, however we have a tendency to are worse of compared to wherever we were earlier. think about the subsequent table, this can be solely the highest hundred corporations.

PeriodIEPFPhysical   Sep-181,10,89,40,29,400.9010,36,25,19,89,180.00 Dec-181,11,67,99,98,161.759,09,64,99,69,407.43 Difference78,59,68,760.85-1,26,60,20,19,772.57   Dec-181,11,67,99,98,161.759,60,00,91,45,398.08 Mar-1977,98,97,17,056.009,09,64,99,69,407.43 Difference-33,69,02,81,105.75-50,35,91,75,990.65     Mar-1977,98,97,17,056.009,07,24,59,05,079.37 Jun-191,23,36,18,63,517.758,61,85,62,77,606.44 Difference45,37,21,46,461.75-45,38,96,27,472.93     Jun-191,23,36,18,63,517.758,61,85,62,77,606.44 Sep-191,34,21,53,05,475.158,47,61,72,01,559.49 Difference10,85,34,41,957.40-14,23,90,76,046.95

On the point (30th Sept, 2018) the businesses transferred Rs.11,000/- price of shares to the govt. this can be increasingly increasing quarter on quarter and nowadays it's over Rs.13,400 crores.

After transferring the shares to IEPF, the physical shares that are lying with general public that don't seem to be transferred to IEPF is over Rs.1,00,000 crores. Please bear in mind a share gets transferred to IEPF providing dividend remains unwanted for seven years.

So, there are heap of unwanted shares as on nowadays. finally the steps taken by the govt, government manage to cut back the matter solely Rs.1,000 crores. So, we will say a bit over zero.60% of the matter was solved! From September 2018 to September 2019, Rs.24,000 crores price of shares was transferred to IEPF and therefore the physical shares have reduced by solely Rs.25,000 crores throughout a similar amount. In our cheap estimate the whole cost of the matter is Rs.1,50,000 crores supported our today’s economy and today’s market costs.

It is this downside we have a tendency to request to tackle by providing end to finish services to the purchasers. it's enough if you recognize your father had shares. Approach North American country. we are going to do end to finish work by taking all services needed and find you the shares. This procedure is incredibly complicated, and it usually involves giving police grievance just in case all duplicate shares, obtaining legal heir certificate from the municipalities, obtaining succession certificate or probating bill if there's one. we offer full end to finish services and that we are over happy to be of help. we have a tendency to are simply a decision or click away.

[goldenegg-transmission]

Physical Shares, IEPF, Unclaimed Shares and You

Do you have any idea how much of wealth is wasting out there to be claimed by the person who invested or his / her legal heirs? It is mind boggling. Often, the figures are so numbing that it makes no sense to a common man.

When a worker joins the company, he gets Provident Fund. The employees, in order to save tax, invest an insurance. Safety minded Indian middle-class puts the money in fixed deposit in banks. More enterprising and risk-taking ones invest in capital market.

However, these details are never organized and passed on to the next of kin. With the results tens of thousands of crores are lost or unclaimed. Estimate of insurance unclaimed is over Rs.15,000 crores. Provident Fund unclaimed is over Rs.10,000 crores. Since, there are no single nodal agency, it is hard to estimate the bank deposits, but it is likely to be over Rs.15,000 crores.

The value of shares unclaimed or is rendered useless is truly astronomical. They easily dwarf the total of insurance, Provident Fund and Bank fixed deposit put together.

In order to understand the problems of unclaimed shares, one must trace the history of shares. Shares as we know, are traded in stock exchange. We open a Demat Account, log into the Demat Account electronically and buy or sell shares in lightning speed. Technology has largely organized the share trading, insurance investment, Provident Fund and bank deposit. However, what has happened in the past is still a deep-rooted problem.

Our focus in this blog is only shares. Since they easily constitute over 50% of the unclaimed wealth.

We have a disclaimer to make here, we have vested interest. Our company serves clients – end to end – to claim their unclaimed shares, their duplicate shares, the shares taken away by the Government in the form of IEPF – Investor Education and Protection Fund.

In order to understand the complexity of the problems as said earlier, it pays to trace the history of shares. All shares were issued in physical form. i.e. shares were printed in a piece of paper and handed over to the recipient. Shares were transferred to another person by filling up share transfer forms. Till the year 1999, obtaining paper shares was a norm and was not an exception.

Only in the year 1999, issue of shares in electronic format was made mandatory.

Till 2005, simple procedure of nomination was not available for the shareholders.

Given the scenario, it is quite possible that lot of shares dropped out of the horizons due to various reasons. It may be due to simple reasons such as change of residence or something more complex such as a secretive father dying without informing the next generation.

These shares have gained enormously in volume over time. Total value of shares in physical form stagnant even today will be to the tune of Rs.1,50,000 crores.

This is a menace. In order to counter and misuse of unclaimed shares, the government came out with a series of legislation’s.

They formed IEPF – Investor Education and Protection Fund and mandated every company to transfer the dividends to a designated account if the dividend has not been claimed for seven years i.e., if a dividend warrant has not been encashed for seven years, at the start of eight year the total amount will be transferred to the government fund, which of course can be claimed back.

As on 30th September 2018, they asked the companies to transfer the shares on which dividends has not been claimed for seven years to IEPF. Therefore, the companies transferred lot of shares to IEPF. Total value of shares transferred on 30th September 2018, by top hundred companies alone was Rs.11,000 crores.

The Government stopped the companies from sending dividend by way of dividend warrant effective 30th September 2018.

The government stopped the transfer of shares in paper form to another person with effect from 31st March 2019, i.e., presently even if somebody has paper share, they cannot transfer the shares without demating the shares.

All these measures are laudably. One would be reasonably expecting, this menace of unclaimed shares would have been a thing of past. Alas, we are not just standing there, but we are worse of compared to where we were earlier. Consider the following table, this is only the top hundred companies.

Period                          IEPF                                      Physical

Sep-18              1,10,89,40,29,400.90           10,36,25,19,89,180.00

Dec-18              1,11,67,99,98,161.75              9,09,64,99,69,407.43

Difference                  78,59,68,760.85            -1,26,60,20,19,772.57

Dec-18               1,11,67,99,98,161.75              9,60,00,91,45,398.08

Mar-19                   77,98,97,17,056.00              9,09,64,99,69,407.43

Difference             -33,69,02,81,105.75                -50,35,91,75,990.65

Mar-19                    77,98,97,17,056.00              9,07,24,59,05,079.37

Jun-19                  1,23,36,18,63,517.75             8,61,85,62,77,606.44

Difference                45,37,21,46,461.75               -45,38,96,27,472.93

Jun-19                   1,23,36,18,63,517.75             8,61,85,62,77,606.44

Sep-19                  1,34,21,53,05,475.15             8,47,61,72,01,559.49

Difference                10,85,34,41,957.40                -14,23,90,76,046.95

On the deadline (30th Sep, 2018) the companies transferred Rs.11,000/- worth of shares to the government. This is progressively increasing quarter on quarter and today it is over Rs.13,400 crores.

After transferring the shares to IEPF, the physical shares that are lying with general public which are not transferred to IEPF is over Rs.1,00,000 crores. Please bear in mind a share gets transferred to IEPF only if dividend remains unclaimed for seven years.

So, there are lot of unclaimed shares as on today. After all the steps taken by the government, government manage to reduce the problem only Rs.1,000 crores. So, we can say a little over 0.60% of the problem was solved!

From September 2018 to September 2019, Rs.24,000 crores worth of shares was transferred to IEPF and the physical shares have reduced by only Rs.25,000 crores during the same period.

In our reasonable estimate the total monetary value of the problem is Rs.1,50,000 crores based on our today’s economy and today’s market prices.

It is this problem we seek to tackle by providing end to end services to the clients. It is sufficient if you know your father had shares. Approach us. We will do end to end work by taking all services required and get you the shares. This procedure is very complex, and it often involves giving police complaint in case all duplicate shares, getting legal heir certificate from the municipalities, getting succession certificate or probating bill if there is one. We provide full end to end services and we are more than happy to be of assistance.