sharesamadhan

Transmission of shares is a crucial process in the world of finance, especially for individuals dealing with the inheritance of shares after the demise of a shareholder. Understanding this process is vital to ensure the smooth transition of ownership and the continued value of the investment. In this blog, we will delve into the intricacies of share transmission, its importance, and how you can navigate through this process effectively. What is Transmission of Shares? Share transmission refers to the transfer of shares from a deceased shareholder to their legal heirs or nominees. Unlike share transfer, which is a voluntary act of selling or gifting shares, share transmission is an involuntary transfer due to the death of the original shareholder. The process ensures that the shares are legally and rightfully passed on to the entitled parties. Why is Share Transmission Important? 1. Legal Compliance: Ensures that the shares are transferred in accordance with the law, preventing any leg...

In today's digital era, convenience is key, and this applies even to financial transactions such as claiming your Provident Fund (PF) online. Now, with just a few clicks, you can initiate and track your provident fund claim from the comfort of your home. In this blog, we will walk you through the simple steps to claim your PF online hassle-free. Step 1: Ensure Eligibility Before you begin the online claim process, make sure you meet the eligibility criteria set by the Employees' Provident Fund Organization (EPFO). Typically, you must have completed a certain number of years in service, and your employer must have contributed to your PF account regularly. Step 2: Activate UAN Your Universal Account Number (UAN) is essential for online PF transactions. If you haven't activated your UAN yet, do so through the EPFO portal. Once activated, your UAN will serve as your login ID for all EPF-related services. Step 3: Access the EPFO Portal and Login. Head to the EPFO portal and sig...

Dividends are a significant part of investment returns, rewarding shareholders with a portion of a company's profits. However, sometimes dividends remain unclaimed due to various reasons such as change of address, unawareness, or other personal circumstances. To address this, the Indian government established the Investor Education and Protection Fund (IEPF) to manage these unclaimed dividends . This article delves into the process of recovering unclaimed dividends from the IEPF , specifically focusing on ICICI Bank Ltd. Understanding Unclaimed Dividends Unclaimed dividends refer to the dividends that have been declared by a company but have not been claimed by the shareholders within a stipulated period. Reasons for Unclaimed Dividends 1. Change of Address: Shareholders often forget to update their address. 2. Lost Share Certificates: Misplacement of physical share certificates. 3. Unawareness: Shareholders may be unaware of the declared dividends. 4. Incorrect Bank Details: Divid...

In the realm of investment and finance, share certificates serve as tangible proof of ownership in a company. However, circumstances may arise where shareholders encounter issues with their share certificates, such as loss, theft, or damage, necessitating the issuance of duplicates. Understanding the procedure and implications of issuing duplicate share certificates is crucial for shareholders to safeguard their investments effectively. What are Share Certificates? Share certificates are legal documents issued by a company to its shareholders, confirming their ownership of a specific number of shares in the company. They typically include details such as the shareholder's name, the number of shares owned, and the unique certificate number. Relevance and Importance Share certificates are essential for shareholders to assert their ownership rights and participate in corporate decision-making processes, such as voting at annual general meetings. Any issues concerning the validity or...

If you've recently moved or haven't updated your KYC details with your stockbroker, you might be missing out on unclaimed dividends without even realizing it! Imagine receiving notice that an unfamiliar investment company has been trying to pay you dividends for years, but the checks keep bouncing back or going unclaimed. It's more common than you might think. Now, how to claim those dividends ? So why does this black hole of unclaimed dividends exist? Poor investor awareness and neglect to update contact details are often to blame. Other reasons include mobility of the workforce, chain transfers of physical share certificates without proper records, forgotten legacy investments, complex product structures in capital markets, and lack of transparency in ownership records. However, companies, regulators, and depositories are now strengthening safeguards through compulsory PAN declaration, nominee registrations, digitization of securities, centralized KYC norms, and dedicate...