How We Can Help You

An investor may face numerous problems while transferring shares to his name. We with our associated firm provides services to investors who encounter following problems:

Mismatch of signature:

Sometimes companies deny transfer of shares due to mismatch of the signature of the transferor in the transfer deed and specimen signature available in company records. 

Non-submission of transfer deed:

The buyer has paid the consideration but has not submitted the transfer deed with the company. Consequently, as per the company records, the shares still remain in the seller’s name. 

Loss of share certificates:

A shareholder may loss share certificates, hence, denying him from valuable possession of his investments. The shareholder has to get duplicate share certificates in his or her name from the company. 

Mutilated share certificates:

Due to wear and tear of share certificates sometimes they get mutilated causing problem in share transfer.

Share transmission is the devolution of title of shares of a shareholder due to death, inheritance, bankruptcy, insolvency, lunacy, marriage or by any other lawful means other than transfer. On registration of the transmission of shares, the person becomes the shareholder of the company and is entitled to all rights as a shareholder.

How We Can Help You

Here are a few problems that a shareholder often faces. We help such problems and help investors to convert physical shares to demat.:

Dormant demat account:

Demat account of an investor may become dormant due to inactivity for a long time. This frequently happens with passive investors who adopt a ‘buy and forget’ approach. This may also happen with an investor who opens new demat account without transferring shares to it from old account. In such cases, the investor faces problems in trading, transfer and transmission of shares.

Lack of updated information:

An investor has changed address, but the details are correspondingly not updated with the depository participant or the company, resulting in a mismatch with the shareholder’s database. In this case, the investor may lose benefits such as dividends, bonus, split shares, rights issues etc.

Loss of demat details:

For some reasons, a shareholder may loss his demat details, resulting in complete lack of communication with the company and depository participant.

Why do you need a demat?

1. A retail investor can hold shares in physical form, but cannot trade. For trading (buy or sell) of shares, an investor has to have a demat account.
2. Demat is safe and convenient as it reduces risk of holding shares in physical form, reduces paperwork, ensures immediate transfer and eliminates bad deliveries.
3. It eliminates transit losses relating to benefits such as dividends, bonuses, stock split, rights as these are automatically transferred into demat.
4. Any update with depository gets automatically registered with all companies in which investor holds securities eliminating the need to correspond with each of them separately.

Unclaimed dividend is the declared dividend by a company which is not uncashed or claimed by the shareholders. The Companies Act of 2013 mandates that dividends not paid or claimed in 30 days are transferred to a separate bank account. An investor can claim his dividends from this account anytime in the next 7 years. After that, it goes to the Investor Education and Protection Fund (IEPF) which is managed by the Ministry of Corporate Affairs.

How We Can Help You

We with our associated firms provides service to investors facing following problems:

Inadequate records:

Change of address, bank accounts or any other details are not in the company’s record, leading to lack of exchange of communication between company and investor.

Long maturity period:

As these are long-term investments ranging from 10 to 20 years, investors tend to lose track of it.

Loss of certificates:

Becuase of long holding period, it’s quite a common issue that investors loss certificates as many still hold it in physical form.

Brief of the remedy available under RERA – For your easy reference, some of the important points are as under: 

• RERA has been implemented to ensure accountability, special authority and grievance redressal system in real estate Industry.
• One of the object for enactment of RERA Regulation, was to safeguard the interest of buyers.
• Any kind of grievance against the project, which is covered under RERA, can be filed before respective State RERA Authority.
• As per the RERA Regulation, the authority shall dispose off the grievance or complaint within 60 days of filing.
• If the authority takes more than 60 days, authority shall record the reasons to do so.
• RERA authority is very quick and hear the grievances.
• RERA authority has been given all power of a civil court.

Scope of Work – we would consult and complete the following work

• Review and analysis of the facts including agreements, and other details individually
• Aligning the issues with legal remedies as per RERA Act, rules and regulations.
• Drafting of petition and all other incidental documents.
• Filing of case before RERA authorities.
• Appearance before RERA authorities to attend all the hearings.

Recovery of Debtors through The Insolvency and Bankruptcy Code

• IBC empowers all classes of creditors (secured and unsecured lenders, employees, trade creditors, regulatory authorities).
• Provides for immediate suspension of the BOD and promoters’ powers.
• Provides for an insolvency professional to take control.
• Offers a finite time for resolution process.

Key Features Insolvency Resolution

• The process may be initiated by either the debtor or the creditors.
• National Company Law Tribunal (NCLT) would deal with matters relating to corporate insolvency

Around Rs. 12,000/- crore is lying unclaimed in Life Insurance due to following reasons:-

• Loss of policy documents
• Death of policyholder
• Closure of bank account
• No claim even after maturity
• Premiums remaining unpaid

We help in recovery of following types of claims of life insurance:-

• Death Claims
• Survival benefits
• Maturity claim
• Premium refunds

If Insurance claims remains unclaimed for 10 years it is transferred to Senior Citizen Welfare Fund, from where normally it cannot be claimed after 25 years.

If bank deposit is not claimed for 10 years after it becomes due, it is considered as unclaimed. Thus we help in claim of amount from unclaimed deposits.

Further if there is death of accountholder, we help in transmission through legal process and claim of amount to legal heirs.

If amount due is not claimed for 10 years, it becomes unclaimed and transferred to Senior Citizen Welfare Fund, from where normally it cannot be claimed after 25 years.