- Lost track of the funds owed to you.
- Company/financial establishment may need didn’t find shareowner for dividend payment as contact and bank details amendment over the years however aren’t updated with the corporate.
- You weren’t aware of the investments created by your parents; neither you had the whole records of these investments.
- Even nominees and legal heirs could fail to stake a claim if they’re not responsive to such assets – it’s usually the case if one dies without creating a will.
The procedure of claiming the amount back from IEPF is a very tricky and long legal process involving type filing and heavy continuous follow-ups with authorities.
But we should be happy with the fact that at least our investment in IEPF is safe with Government rather than being victimized with a fraudulent withdrawal of investments.