“Wizard Global Corporation” offers a range of financial services, including dematerialization of physical shares and IEPF claim assistance, to help clients manage their investments more efficiently.
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About Company
Streamline Your Investments with Wizard Global
Welcome to Wizard Global Corporation, your one-stop destination for all your financial needs. We are a team of experienced professionals dedicated to providing top-notch financial services to our clients. Our services include dematerialization of physical shares, IEPF claim assistance, duplicate share certificate issuance, transmission of shares, and assistance with investment stuck in mutual funds. We understand the complexities of the financial world and aim to simplify it for our clients through our personalized services. Our commitment to quality and excellence has earned us a reputation as one of the most trusted names in the industry. Contact us today to see how we can help you achieve your financial goals.
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Our services include dematerialization of physical shares, IEPF claim assistance, duplicate share certificate issuance, transmission of shares, and assistance with investment stuck in mutual funds.
Why iepfsharesclaim.com
Choose Us for Hassle-Free IEPF Share Claiming Services
What is IEPF ?
IEPF stands for Investor Education and Protection Fund. It is a fund established by the Indian government under the Companies Act, 2013 to promote investor awareness and protect the interests of investors. The fund is managed by the Ministry of Corporate Affairs and is used to compensate investors who have suffered losses due to fraudulent or illegal activities by companies or their promoters. The IEPF also provides a platform for investors to seek redressal of their grievances and provides support to regulators in enforcing securities laws. The fund is funded by unclaimed dividends, matured deposits, and debentures that have remained unclaimed for seven or more years.
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What if Shares Transferred to IEPF ?
If shares remain unclaimed for a period of seven years or more, they are transferred to the Investor Education and Protection Fund (IEPF) established by the Indian government under the Companies Act, 2013. Once the shares are transferred to the IEPF, the shareholder cannot claim them directly from the company. However, the shareholder can still claim the shares from the IEPF by following the prescribed procedures and submitting the necessary documents.
It is important for shareholders to keep their contact and bank account details updated with the company to ensure that they receive their shares in a timely manner and avoid the need for claiming shares from the IEPF.
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What if Dividends Transferred to iepf ?
If dividends remain unclaimed for a period of seven years or more, they are transferred to the Investor Education and Protection Fund (IEPF) established by the Indian government under the Companies Act, 2013. Once the dividends are transferred to the IEPF, the shareholder cannot claim them directly from the company. However, the shareholder can still claim the dividend amount from the IEPF by following the prescribed procedures and submitting the necessary documents.
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What is Transmission ?
Transmission of shares refers to the process of transferring the ownership of shares from the legal heir or nominee of a deceased shareholder to his/her legal heir or nominee. This is necessary to ensure that the shares are transferred to the rightful owner and the ownership of the shares is updated in the company’s records.
The transmission process involves providing legal documentation such as the death certificate of the shareholder, a succession certificate or probate of will, and other relevant documents. Once the documents are verified, the company’s registrar updates the ownership details in its records and issues new share certificates to the legal heir or nominee.