Recovery Of Shares
In the Early days, investment in shares was carried out through physical share certificates. The investments made in a company in the form of shares or debentures by the investors were allotted in physical form. These shares/debentures being in paper form were difficult to store and easily destroyable and losable. It was hard to keep them securely in the paper form as the investors would eventually end up losing them or dismantling them due to various reasons such as shifting from one place to another, wear & tear of the share/Debenture certificate. There could be multiple reasons as listed below for such an unclaimed investment in physical form.
MUDS is your one-stop solution to claim these unclaimed shares and does it for you uniquely and differently. At MUDS, you will get complete assistance for all your doubts and queries related to shares, transfer of shares, issue of duplicate shares, transposition of shares, name deletion, etc. In a crux, MUDS will assist you to recover your unclaimed shares. These are some highlighted services from MUDS.
Here are three of the major services you can get at MUDS.
Service #1: Share Transmission
What is the Meaning of Share Transmission?
It means transferring shares by Operation of Law i.e transfer of shares in the legal heir after the death of original shareholder. The Legal heir face problems with transmission of shares due to reasons including death, insolvency, marriage, lunacy, inheritance, bankruptcy or due to any other “statutory” reasons except natural transfer. Once you have registered for the share transmission with a company, you are not only the shareholder; you are also entitled to all the rights.
Possible Problems and Our Support:
Sometimes Share Transmission becomes very clumsy, It can take a toll on you especially if you are not seeking proper professional advice. We at MUDS are offering assistance to our respected clients on various issues regarding Share Transmission. Have a look at some of the possible challenges you might face during transmission of share.
Mix up of “Transfer of Shares” and “Transmission of Shares”: It is found to be one of the most common problems faced by shareholders. The Constitution of India’s Companies act highlights the difference between “Transfer of Shares” and “Transmission of Shares” The “Transfer of Share” entirely depends on the shareholder’s act and decision while “Transmission of Share” is completely inclined to the operation of laws. In the case of “Transmission of Share,” shares are transmitted only by inheritance or will, while “transfer of shares” is not always done with specific consideration.
Jointly Held Securities: You can also face problems in share transmission when you are one of the joint holders. In the case of jointly held securities, we can help in name deletion of the other shareholder either by operation of law (in case of death of joint holder) or either when you are seeking the same voluntarily.
Multiple Holdings in Different Companies: In case you have multiple holdings in different companies, if you want successful share transmission, you must have to send the relevant documents to each company and do the follow-ups constantly according to different policies of different companies.
Documents Required For Shares Transmission
Service #2: Transfer of Shares
If you are facing any of the problems mentioned above in “Transfer of Shares,” you don’t need to panic, share your problem with MUDS and you will get full support from our team of Share recovery experts.
Service #3: Unclaimed Dividend
Understanding Unclaimed Dividend: Companies declare dividends on shares annually and when these dividends are ‘unclaimed’ by the shareholder for a consecutive period of 7 years, they are transferred to IEPF Account. As an investor, you are allowed to claim your unclaimed dividends even after the shares have been transferred to the IEPF account. When and How You Can Get Help From MUDS? There are numerous affected investors of unclaimed dividends even after the government’s constant efforts to ensure the security of unclaimed dividends, deposits, debentures, split shares, bonuses, etc. If you are also one of the sufferers of problems regarding unclaimed dividends, you don’t need to worry. MUDS are always here to provide you complete assistance. We will help you to recover the unclaimed dividends and shares or any other bonus or fund. Here are some possible problems you might face during your efforts of recovering unclaimed dividends.
It is all about these three services on offer from MUDS. Feel free to contact us whenever you are facing problems. This is not all about our services and consultations. You can seek our assistance in other legal procedures including micro-financing, litigation, compliance, incorporation, NBFCs, insolvency, and much more. We are always ready to welcome you.
Alternately Call our Legal Expert Now For Free Consultation at 09599653306
MUDS is an all-rounder organization comprising of very talented and motivated individuals trying to serve in various domains in the best way possible. MUDS are always determined to provide excellent services in domains like microfinancing, infrastructure, packaging, renewable energy, travel & tourism, automotive, oil and gas, and plenty of other services related to IT sector.
MUDS is a global body providing consultancy services to a large number of people. The team of MUDS believes in a long relationship with all the clients to make sure effective and satisfied services without any compromise on the comfort and satisfaction of the customers.
We are serving to a large number of people for quite long now. We aim to solve all the tricky problems related to unclaimed investments of any amount. MUDS are continuously trying to expand its consultancy services and to give the customers a more satisfying experience. Building relationships with trust and reliability are our biggest priority.
If you are holding shares and you don’t have any certificate in physical forms, it is natural to face some complications, especially if you don’t have any other document as the record of your lost shares. But you don’t need to worry. Legal professionals of MUDS are doing the job of solving these cases with huge success. Contact MUDS if you are in such circumstance.
Your comfort is always our priority. We wouldn’t want to give you any problem or discomfort. Your regular physical visit is not required, MUDS team will be in touch with you and send one of the representatives to your address when it is required.
If the name of a company is changed, as a shareholder, you will have to follow the cumbersome process. You can’t trade or sell the holdings until the company issues the new certificates with a new name, address, and stamp of the company.
The merger of two or more companies isn’t something new, and it can happen multiple times. As an investor, you might face tricky problems like swapping ratio of the shares. Don’t create any panic. Come at MUDS; you will get complete assistance and advice from investment experts of MUDS.
Getting back the unclaimed investments is not an easy task. It requires some skills and experience of not only investments and shares, but of lengthy hurting legal procedures as well. Once you share your problems with MUDS, it’s our responsibility to go through all the lengthy legal procedures and make your life comfortable and easy.
| Serial No. | Unclaimed Investmen | Unclaimed Dividend | Unclaimed Bonus Share |
|---|---|---|---|
| 1 | Unclaimed investments are the investments in different financial forms, and the legal owners are unable to claim for years due to any reason. Usually, the unclaimed investments are found in lapsed insurance policies, unclaimed dividends, mutual funds, split shares, bonuses, etc. | When a dividend is not claimed by the legal shareholder, it is declared an unclaimed dividend. According to the Companies Act 1956, a dividend is declared unclaimed when the actual shareholder doesn’t claim his dividend due to any reason. Dividends not claimed are transferred to a separate account, and the actual investor can claim the amount in the next seven years. If in case the amount isn’t claimed even for seven years, it goes to the Investor Education and Protection Fund, managed and controlled by the Ministry of Corporate Affairs. | Various companies give benefits to shareholders in the form of additional or bonus shares. A bonus share is declared ‘unclaimed bonus share’ when the shareholder is unable to get the advantage due to any reason including non-transfer or non-delivery of the shares. If the actual shareholder for quite long does not claim the bonus share, the concerned company transfers it to the suspense account. |
