Obtain Your Unclaimed Dividends of Reliance Industries Limited from IEPF

For countless responsibilities and lack of time, missing out on claiming shares & dividends becomes a natural phenomenon.  Although you might think it’s exaggerated as a statement, you are likely to do so if you are not a shareholder or  an investor.

Reliance Industries Limited is the telecom giant of India these days and the profits the company is making are promising for a shareholder who owns stocks or shares in this company.

The good news is that the net worth of Reliance Industries has made its stocks and shares to cultivate value, which shareholders may use to their benefit. If you have unclaimed dividends from IEPF, then it is a good time to claim them through IEPF.

If you need help with this, then this post might be of some meaning.

Reliance Industries Limited: A ‘Reliable’ and Exemplifying Industry Giant 

When you are thinking of the telecommunication sector, mobile platforms, and network solutions, Reliance Industries comes forward to introduce itself. Considering it, you are going to find that this works as an industry giant with a major impact on the economy of India.

It’s a multinational conglomerate that has many businesses functioning in India with success. Yes, you might turn to the telecom industry because this is the domain where the industry is reputed the most.

However, it’s just part of the information about Reliance Industries. The company works on other businesses in sectors such as retail, media, textile, and more.

Being one of the 100 largest companies in the world, Reliance Industries is also the largest company in India. As a matter of fact, it is also the largest taxpayer organisation in India. 

Speaking of this huge success and worth, many of the stocks and shares of Reliance Industries are still lying dormant. The value of the unclaimed dividends can literally bring the shareholder to a positive economic state in case proper measures are taken to recover these unclaimed shares as soon as possible.

How Stocks of Reliance Industries Can Make a Real Difference for Any Shareholder

We might need to know how the Reliance Industries stocks can bring positive changes for the shareholder or an investor.

The first and the most important point about Reliance Industries is that it is a company, which is likely to continue on a steady path of business development in the near future.

Besides that though, the present net worth of Reliance Industries makes its stocks and shares one of the most valuable assets for shareholders and investors.

According to statistics, there is an interesting fact that can explain how the financial stocks of Reliance Industries Limited can help investors. The company started its journey long back in 1977 and if someone invested an amount of money in that time, it would grow to 1600 times by the present day.

Take Rs. 500/- as your investment in 1977. It would grow to somewhere around Rs. 8 lakhs in the present day, which is an astounding rate per the economic condition of the present day. Investing little in Reliance Industries Limited on this day might get you even better returns in a short period given the inflating business development.

Getting the unclaimed dividend of Reliance Industries Limited might work as a stepping stone of your rekindled investment journey that may guarantee better profits for you if you’re an investor or a shareholder of stocks from the company.

Ways to Recover Unclaimed  Dividends from Reliance Industries per IEPF

Before we learn about claiming your unclaimed IEPF shares, we need to learn about IEPF a little because that’s important in this context.

IEPF stands for Investor Education and Protection Fund, which deals with the protection and promotion of the shareholders’/ investors’ assets. IEPF came into existence by the efforts of the Central Government of India.

When you don’t claim shares of a company for 7 years and that too consecutively, then the shares are transferred to the IEPF authority. The IEPF doesn’t own the money but holds the money until the owner reclaims it.

How do you reclaim these shares? The points below might assist you:

Enquire 

It is your job to enquire and learn about the IEPF claim status. To do that, you may log in to the IEPF portal online on its website and learn of its status. However, that solves the part of the inquiry. If you want to initiate the reclaim process, then you will have to connect to the Nodal Officer of the company.

Fill in the IEPF Form

The IEPF-5 is the form a shareholder needs to fill up and submit to the nodal officer to initiate a request for IEPF unclaimed shares. The appeal is completed when you make copies of your share certificate details and other information (personal details) and attach them to the IEPF-5 form.

The Verification Process Begins

This is the time when your nodal officer takes charge and verifies the documents attached to the IEPF-5 form. It is then going to be sent to the IEPF Fund manager for scrutinisation.

Final Procedures and Shares Transfer 

The shareholder’s documents are all scrutinised by the IEPF Fund Manager for transferring the shares to the owner. Once it is sanctioned, you may rejoice in receiving the shares soon. However, the Fund Manager might hold a share transfer asking the shareholder for more documents.

To Conclude: What We Do

Then again, issues in documentation can get your appeal rejected. This is where we come in. We at Infiny Solutions, can help you restore your unclaimed dividend without hiccups. Thanks to our professionals, we know the correct routes to help you get back what you own fast yet effectively.

Let us know when and how you need our professional assistance.