Why Are Thousands of Investors Turning to Investorlink for IEPF Shares Recovery?

In recent years, the number of unclaimed investments has been piling up, posing a significant struggle for investors to reclaim them. With a considerable number of shares and dividends getting transferred to the Investor Education and Protection Fund (IEPF), the volume of unclaimed financial assets has risen. The complexity and the exhaustive nature of the recovery process make it difficult for investors to manage it by themselves, forcing them to seek professional help. This is precisely why more and more investors are reiterating their faith in Investorlink and turning to India’s trusted IEPF claim advisor to recover their lost investments.

But the question is, what makes Investorlink stand out as the preferred choice for investors? Well, this is what we will explain here today - from the growing issue of unclaimed shares to the challenges and intricacies of the recovery process and how Investorlink has been facilitating the recovery process through a streamlined methodology, helping investors reclaim their rightful assets effectively.

The Growing Volume of Unclaimed Shares

Before proceeding further, it is pertinent to answer the following questions - What are unclaimed shares, and why is there a need to recover them?  

Unclaimed shares are those shares that are left claimed by the investors due to various reasons. 

When investors fail to claim their shares for a period of seven consecutive years, they are transferred to the Investor Education and Protection Fund (IEPF). IEPF is a government initiative that serves as a medium to safeguard unclaimed dividends, shares, and other financial assets. Recovering unclaimed assets is the legal right of the investors, averting financial losses and helping investors retrieve dividends and corporate benefits accrued over time. 

An astounding 117 crore shares, valued at more than ₹50,000 crore, were lying unclaimed with the IEPF at the end of March 2023. Surprisingly, this figure more than doubled since 2017-18, underscoring a steep rise in unclaimed investments. Not just shares, dividends worth ₹5,700 crore have also been transferred to the IEPF, pointing out the scope of unclaimed assets.

Investorlink attributes the following reasons for actively contributing to the rising number of unclaimed investments:   

• Lack of Awareness: One of the key reasons for unclaimed investment is the lack of awareness. Investors often forget about their investments, which prevents them and their legal heirs from recovering their unclaimed investments.

• Change in Address or Contact Details: Another important factor is the carelessness on the part of the investors who, upon changing their addresses, fail to update their details. The broken communication causes dividends and corporate actions to go unnoticed.

• Dematerialization Challenges: Many investors are unaware of the mandatory dematerialization of shares, which is why investors with physical share certificates fail to convert them to electronic format.

• Legal Heirship Issues: The legal heirs of the deceased shareholders find it legally challenging to initiate the ownership process.

Challenges in the IEPF Recovery Process

Even though the government has structured and clearly defined the provisions for investors to claim their unclaimed shares and dividends from the IEPF, the process remains complex and time-consuming. Investorlink has outlined some of the key challenges as:

1. Extensive Documentation: The recovery of unclaimed investments is a complex process mandating investors to submit various documents such as: 
   • Identity and Address Proofs (PAN, Aadhar)
   • Original Share Certificates (if available)
   • Succession Certificates (for deceased shareholders)
   • Indemnity Bonds and Affidavits
   • Cancelled Cheques and Self-Attested KYC Forms
   • Dividend Warrants (if any)

Lengthy Approval Process: The overall recovery process is long and exhaustive. Once the investors or their legal heirs submit the claim, it usually takes more than one year for the IEPF authority to initiate the process, causing approval delays. Besides, the verification is also processed in multiple steps, causing further delays in approving the claims. 

Legal Complexities: The recovery process is particularly legally challenging when the case involves a matter of inheritance. The claimants are subjected to numerous legal procedures, such as obtaining probate, will, or succession certificates, adding to the endless delay.

Frequent Rejections: Another dissuading factor is the rejection rate! Many claimants find their hard work wasted due to minor documentation errors, lack of suitable attestation, or discrepancies in shareholder details, causing the claim to be rejected by the authorities. 

These factors are overwhelming for investors and their legal heirs to initiate the process themselves. 

In a bid to manage these complexities, many investors are turning towards Investorlink for professional help in handling their requirements and managing their share recovery process on their behalf.

How Investorlink Simplifies the Process of Recovery of Shares?

Over the last few years, Investorlink has demonstrated its expertise in facilitating efficient recovery of unclaimed investments from the IEPF. They are experienced in handling procedural complexities to facilitate a seamless recovery process. Here's how Investorlink makes a difference:

Expert Consultation and Documentation Assistance

Investorlink offers personalized guidance to investors, ensuring the accuracy of the documents. Their expert team:

• Identifies the unclaimed investments by conducting a detailed investor search
• Collects and validates the relevant documents required for submission
• Drafts affidavits, indemnity bonds, and other legal papers for the investors 

Legal and Compliance Support

The professional experts at Investorlink help investors facing legal hassles manage the claims recovery process of deceased relatives. They ensure compliance with legal and regulatory requirements and offer assistance with the following:

• Obtaining succession certificates
• Managing probate of wills
• Handling legal heir certificates

Plays the Part of an Intermediary

Investorlink acts as an intermediary between investors, companies, and the IEPF authority. The Investorlink team handle the official communication and follow-ups with the concerned authorities to facilitate on-time document submission and expedite the claim process.

Tracking and Timely Updates

Lack of transparency in the claims recovery process remains the biggest challenge for investors. However, Investorlink bridges this gap through real-time claim status tracking, keeping investors informed about every stage of the recovery process.

Ensuring Maximum Recovery

They have the expertise to recover the shares and accumulated dividends, bonus shares, and any other entitlements linked to their holdings for the investors.

Why Thousands of Investors Trust Investorlink?

Investorlink has established itself as a trusted partner and stands out as a leading recovery service provider for the following reasons:

• Proven Track Record: They have a successful history of recovering shares worth millions from IEPF. 
• Experienced Legal and Financial Team: They have a team of experts with the relevant knowledge, expertise and understanding of the IEPF claims.
• End-to-End Service: They deliver comprehensive services ranging from document verification to final settlement, facilitating a streamlined experience under one roof.
• Customer-Centric Approach: Their experts are professionals who support the investor in resolving their queries and concerns.

With unclaimed investments worth more than ₹50,000 crore stuck in the IEPF, there is a dire need for investors to seek professional help from a reliable recovery partner. As Investorlink has the relevant experience and expertise to simplify the complex process, they can bridge the gap by offering legal assistance and seamless claim handling. Thousands trust Investorlink, as they have proven themselves by helping investors reclaim their rightful assets efficiently!