Let’s look at why it matters to you to claim your shares and dividend before learning the procedure for claiming Bharti Airtel Limited Unclaimed Shares and dividend from IEPF. The shares of Bharti Airtel Limited have been among the best-performing equities in the stock market ever since they were listed on stock exchanges. Bharti Airtel Limited’s per-share price in 2002 was around Rs. 15; as of November 13, 2012, it was Rs. 826. We have not taken into account any bonuses or share splits in determining this pricing.
Assume you paid Rs. 15 per share in 2002 to buy 100 shares of Bharti Airtel Limited.
Total Investment: 100 times 15 equals 1500 a)
Stock Split: 1:1 on July 9, 2009
After the split, there will be 200 shares.
As a result, following the stock split, if you bought 100 shares in 2002, you now own 200 shares.
Bharti Airtel Limited’s current share price (as of 13.11.2022) is $826.
Total Investment Value as of Now in 2022: 200*826 = 1.6 lakhs
In 2002, 100 shares of Bharti Airtel Limited would have cost around Rs. 1.6 lakhs. Imagine your current net worth, including bonus shares and dividends, assuming you are one of them and your shares have been transferred to the IEPF. Who wouldn’t search for their unclaimed Bharti Airtel Limited shares and dividends with such a stunning number?
Why Did Your Shares of Bharti Airtel Limited Transfer to IEPF?
According to government regulations, any dividend on shares that has not been claimed for seven or more consecutive years must be donated by the relevant firm to the Investor Education and Protection Fund (IEPF). If dividend is not claimed for seven years in a row, a corporation must transfer shares to the IEPF. Previously, firms would profit from the investor’s ignorance and keep the money for themselves if the investor failed to claim the payout. The government then approved the IEPF, which obliges businesses to transfer shares that have not been claimed for seven years in a row, after understanding this blunder.
What Are the IEPF and Its Goals?
In accordance with the terms of Section 125 of the Companies Act of 2013, the Indian government established the Investor Education and Protection Fund (IEPF) on September 7, 2016, as a regulatory framework to control and safeguard investor funds.
The duties allocated to the IEPF include making refunds and recovering shares, matured deposits/debentures, unpaid dividends, and raising investor awareness. Additionally, it guarantees that the depositors would be reimbursed for any legal costs spent in bringing legal action.
The process for obtaining dividends and shares of Bharti Airtel Limited from the Investors Education and Provident Fund (IEPF) authority is described below.
Follow the steps listed below to file an IEPF claim.
- From the IEPF website, access the IEPF-5 form on the MCA interface. Claimants are urged to carefully read and follow the directions in the instruction package provided on the IEPF website.
- Fill out the form and submit it. A “Submit Request Number” will be generated on the acknowledgment (SRN). Please keep this SRN handy for future form tracking needs.
- Take a printout of the completed form and the corresponding acknowledgment.
- Now, deliver the original copies of the indemnity bond, copy of the acknowledgement, share certificate, and IEPF Form 5 to the company’s registered office’s Nodal Officer (IEPF) in the envelope labeled “Claim for refund from IEPF Authority” along with a self-attested copy of your Aadhaar card and the information listed below.
- The claim form will now be checked by the company’s nodal officer before being sent to the IEPF authorities, who will then pay any unclaimed shares and dividends to the client account based on the verification report.
- Within 60 days, the IEPF authorities must respond to the company’s verification report.
Because IEPF only has one office, which is located in Delhi, getting a refund from them is a highly laborious and drawn-out procedure that might take more than 8 to 12 months.
How to Determine Whether Unclaimed Shares of Bharti Airtel Limited are in the IEPF
Follow the instructions below to determine whether your Bharti Airtel Limited shares are in the IEPF or not.
- To continue, click here.
- Enter the investor’s information, including name, father’s name, folio number, DP-ID, Client-ID, and account number.
- Lastly, press the search button.
Please take note that any of the following combinations can be used for searching
- Name of the investor’s father or husband
- Page Number (should be same as per the certificate)
- In the format specified, DP-ID, Client-ID, and Account Number should be typed without a space and should be separated by a hyphen (DPID-ClientID-Account Number).