How do I find my unclaimed dividends?
In this article, we take through the steps involved in retrieving unclaimed dividends from the companies where you or your loved ones are shareholders.
- Apply through the SEC e-Dividend Portal. First, log on to the SEC e-Dividend portal. …
- Search for a List of Your Company Shares. …
- Identify Your Unclaimed Dividends.
a. Forward a request letter in the prescribed format (Annexure-I) to M/s Alankit Assignments Limited, Registrar and Transfer Agent (RTA) along with the Original Dividend Warrant / Demand Draft, Cancelled Cheque, Address Proof & PAN Card for crediting the dividend directly in the bank account.
How do I claim unclaimed dividends after 7 years?
As per, Section 124(5) of the Companies Act 2013, any dividend amounts, which remains unpaid or unclaimed for a period of 7 years from the date they became due for payment, shall be finally transferred by the company to the IEPF.
Can A Shareholder Reclaim Such Unclaimed Shares? Yes, a shareholder can reclaim any such investment from IEPF as the IEPF authority maintains the details of all the accounts. The aforesaid can be done by following the prescribed procedure and on submission of duly filled form and required documents.
What happens to unpaid dividends?
Unpaid dividends exist because there is a difference between the time when a company announces its dividend and the time when that dividend is paid. During this time, a company will record any unpaid dividends on its books, but this balance will be eliminated once the dividends are paid.
How do you get a dividend warrant?
Shareholders who are holding shares in demat form can submit a signed request letter by mail /post & client master list, with updated bank details for processing dividend. 3. Shareholders can attach a copy of stale Dividend Warrant/DD, if any, issued by the Company.
How do I claim an expired dividend warrant?
Dividend warrants are like cheques and expire after 6 months. However, dividends can be revalidated if it is taken to the registrars. Once the warrants have been verified they revalidate the dividend warrant and you can now go ahead and pay it into your bank account.
How do I check my dividend status?
You will need to contact the company’s registrar. To find the contact details, visit the exchange’s website and search for the company. On the NSE website, find it under the Company Directory tab. On the BSE website, find it under the Corp Information tab.