Govt has shared its promises delivered via a series of tweet highlighting the major government initiatives such as faster resolution of insolvency cases, reclaiming of shares & dividends via IEPF, setting of investment and infra fund, and establishing social stock exchange, among others
To claim, check portals like UDGAM for bank deposits and IEPF for shares/dividends. Required documents include folio/policy numbers and KYC. Process varies, but KYC authentication is crucial.
If an individual has not claimed dividend given on shares held by him or her for seven consecutive years, then the company has to transfer those shares and the dividend money to Investor Education and Protection Fund (IEPF), which is managed by Ministry of Corporate Affairs (MCA). However, an individual can claim back those shares by following an online process.
During a conversation with Sakshi Batra, anchor and associate editor at BTTV, Sanchit Garg, Co-founder and CEO of GLC Wealth Advisor LLP, elaborates on the process of claiming unclaimed shares.