We retrieve, recover, transmit & dematerialize shares

For obtaining duplicate share certificates in case you have misplaced/lost the original we file on your behalf an FIR at the Police station, publish newspaper advertisements in 2 newspapers inviting objections to your application for issue of duplicate share certificates (a requirement of the Company), provide two guarantors to the Company with annual income equivalent to the value of lost shares, provide bank guarantee valid for 2 years, if insisted upon by the Company, equivalent to the value of lost shares.

As per Section 124 of the Companies Act, 2013, all shares in respect of which dividend has not been paid or claimed for seven consecutive years or more shall be transferred by the organization in the name of Investor Education and Protection Fund (IEPF). Recovering these shares is a very tedious and cumbersome activity. It is nearly impossible for a layman to do the exorbitant amount of communication and legal paperwork. WeDemat has experts who will help you to get the work done and manage all the required documents.

No matter whether it is shares or unclaimed dividend, matured debenture or, matured deposits, and application money due for refund, you can claim by filling an application in Form IEPF 5.

After filling the form, you need to send the copy of IEPF5 duly signed along with the following documents to the concerned company for verification of your claim:

• Copy of Acknowledgement
• Indemnity Bond
• Advance Stamped Receipt
• Copy of Aadhar
• Cancelled Cheque
• Original Certificate
• Proof of Entitlement
• Passport / OCI / PIO card (for NRI)

Within fifteen days of receipt of claim form, the company should send a verification report to the IEPF Authority as per the format specified or demanded by the Authority along with all documents submitted by you.

Once the verification of the entitlement is done, the IEPF Authority and then Drawing and Disbursement Officer of the Authority will present a bill to the Pay and Accounts Office for e-payment according to the guidelines. The IEPF Authority will also issue a refund sanction order with the verification and approval of the Competent Authority and will credit the shares with depository participant in IEPF suspense account to the demat account of the claimant to the extent of the claimant's entitlement.

We undertake the complete process of transmission of shares held by a deceased shareholder to the rightful legal heirs by preparing, filing, and obtaining the requisite Succession Certificate, Probate, or Letters of Administration from the Testamentary Department of the High Court.

Dematerialisation is the process by which a physical share is converted into digital format. An investor who wants to dematerialize the share certificate needs to open a demat account with a Depository Participant (DP). The investor has to deface and surrender the certificates to convert them into electronic form which in turn is sent to his demat account. Process can be verified electronically via confirmation request.

Demat is safe, secure and convenient. It also reduces the risk of mutilation, loss and theft. WeDemat helps you to demat by connecting you to reliable depository participants and help you open cost effective accounts with them.