Textile Machinery Spare Parts

Approx. Rs 15,000 / MonthGet Latest Price

The need and importance of Recovery of Shares has been well recognised in the Union Budget 2023 wherein the Finance Minister set out proposals for  reclaiming unclaimed shares and dividends  for facilitating a convenient and efficient means for investors to retrieve their unclaimed assets, enhancing investor protection.

Recovery of Shares refers to retrieving these securities and bringing them back within the rightful possession and ownership of the security holder through the processes of transmission of shares, transfer of shares, retrieval of unclaimed dividends, bonus issues etc.

In order to curb the problem of unclaimed shares, the government transferred the unclaimed shares to the IEPF, which is an acronym for Investor Education and Protection Fund and prescribed a procedure for claiming the unclaimed shares, dividends and bonus shares.