On a Rs 10,000 investment, you might have gained up to Rs 6 crore if you had held onto some shares where companies had a competitive edge and earnings growth on their side “Every company has a life cycle. Aside from this, evaluating a company’s high profit-growth era and durability is essential. Stock prices are mainly a reflection of a company’s fundamental value. As a result, if we want to see a multifold increase in stock prices, we must invest in companies that are seeing a multifold growth in earnings.”
Maruti Suzuki India Ltd., founded in 1981, is a Large Cap business in the Auto Industry with a market capitalization of Rs 205263.40 crore.
“In barely 4 decades, The Rs 125 stock that hit Rs 10,000 in 14 years,” says the company.
According to industry experts, “a thousand rupees investment in Maruti Suzuki shares in 1981 is worth lakhs in 2021.”
Claim your IEPF unclaimed dividend via a structured process. You can collect your shares, unpaid dividends, matured deposits or debentures, or any assets that have been transferred to IEPF directly from the firm or financial institution.
With crores of dollars in unclaimed investor funds at various companies and financial institutions, the Investor Education and Protection Fund (IEPF) was established with the goal of refunding shares, unclaimed dividends, matured deposits, debentures, and other investments to investors and raising awareness among them.
The Investor Education and Protection Fund Authority (IEPFA) was established by the Ministry of Corporate Affairs in September 2016 under Section 125 of the Companies Act, 2013
Investors’ money that has been unclaimed for seven years or more in respect of shares held in Demat accounts, application money received by companies for the allotment of any securities and is due for refund, matured debentures/bank deposits, unpaid dividends by companies, interest accrued on debentures/bank deposits/securities, and money of investors that has been recovered.
If you were one of the fortunate few who received a subscription to and kept on to this stock, you are currently sitting on an almost 8,000 per cent return. In 2003, the government sold a 25% stake in Maruti Suzuki Limited (then known as Maruti Udyog Limited) for Rs 125 per share. The stock went public on July 9, 2003, and completed the first day of trading at Rs 164, approximately 32% more than the issue price.
In intra-day transactions today on the BSE, Maruti (MSIL) has soared 7,900 per cent from its issue price to break the Rs 10,000 barrier. With a market valuation of about Rs 3-lakh crore, it is currently the fifth most valuable stock, after only Reliance Industries (RIL), TCS, HDFC Bank, and ITC. According to recent research, Maruti was one of the top five wealth generators between 2012 and 2017, with Rs 1.41 lakh billion in value produced.
What do these figures mean for the average investor? The most important conclusion we can draw from this data is that someone who bought stocks in 1981 may become extremely wealthy. The importance of share recovery becomes clear at this point. Maruti Suzuki has the greatest number of unclaimed shares or unclaimed dividends among Indian companies, according to recently revealed statistics.
What are the reasons for this unclaimed dividend?
To reduce the risk of losing money, people generally invest their money in a range of enterprises. This looks to be advantageous to the general public, yet people periodically forget about their small donations and do not realise the benefits. The bought shares have been inactive for years, with no one to claim them. When elderly people buy stock, they may forget to identify an heir to the shares before they pass away. For businesses, this might result in unclaimed dividends or shares.
Unclaimed payments from dividends from the IEPF are available to anybody whose unclaimed or underpaid funds have been submitted to the IEPF authorities by the company.
For the transfer of shares on death, the option of transferring shares on death should opt. When a shareholder passes away, his or her shares transfer to the person who inherits them under his or her will or intestacy. The executors (if a will exists) or estate administrators (if the shareholder died intestate) will manage the rights of the deceased shareholder. Transfer of physical share can be done via the issue of duplicate share certificate.
Status of Unclaimed Shares of Maruti Suzuki Ltd
Maruti Suzuki is one of the largest companies in India and according to a recent report released by MCA, it also has the highest amount in unclaimed dividends. Even till 2015, Maruti Suzuki had almost thousands of crores recorded as unclaimed dividends from investors. It has all the data of unclaimed dividends on its website. It has also urged most of its investors to claim their dividends and get the recovery of shares or refund of shares before they are forced to transfer the amounts to IEPF. The details of unclaimed dividends of the shareholders can be checked in the following link:
Maruti Suzuki India has announced an equity dividend of 900.00 per cent, or Rs 45 per share, for the fiscal year ending March 2021. This equates to a dividend yield of 0.65% at the current share price of Rs 6882.35. The firm has a strong dividend track record, having distributed dividends on a continuous basis for the past five years.
|Announcement Date||Ex-Date||Dividend Type||Dividend (%)||Dividend (Rs)||Remarks|
|28-06-2021||05-08-2021||Final||900||45.00||Rs.45.0000 per share(900%)Final Dividend|
|13-05-2020||13-08-2020||Final||1200||60.00||Rs.60.0000 per share(1200%)Final Dividend|
|25-04-2019||14-08-2019||Final||1600||80.00||Rs.80.0000 per share(1600%)Final Dividend|
|27-04-2018||14-08-2018||Final||1600||80.00||Rs.80.0000 per share(1600%)Final Dividend|
|27-04-2017||24-08-2017||Final||1500||75.00||Rs.75.0000 per share(1500%) Dividend.|
|26-04-2016||31-08-2016||Final||700||35.00||Rs.35.0000 per share(700%)Final Dividend|
|27-04-2015||26-08-2015||Final||500||25.00||Rs.25.0000 per share(500%)Final Dividend|
|25-04-2014||27-08-2014||Final||240||12.00||Rs.12.0000 per share(240%)Dividend|
|26-04-2013||13-08-2013||Final||160||8.00||Rs.8.0000 per share(160%)Dividend|
|28-04-2012||14-08-2012||Final||150||7.50||Rs.7.50 per share(150%)Final Dividend|
|25-04-2011||24-08-2011||Final||150||7.50||Rs.7.50 per share(150%)Final Dividend|
|06-05-2005||25-08-2005||Final||40||2.00||i.e. Rs.2.00 per share (Nominal Value Rs.5 per share)|
|17-05-2004||08-07-2004||Final||30||1.50||i.e. Rs.1.50 (Nominal Value Rs. 5 per share) & AGM|
The most profitable investment ever would be just holding a Maruti Suzuki share from 1981. As a consequence, recovering Maruti Suzuki shares has proven to be a profitable venture. When you consider the amount of money that will be created in the form of unclaimed dividends, spending a small amount to recover the lost shares isn’t a big deal. To recover all of the lost shares, legal help would be necessary. Especially when it comes to an elderly individual who died without claiming the money and whose family is seeking it. All of the grandchildren may begin to ask for a share of the inheritance. This is where legal assistance may help, as they can help encourage the elderly to handle the family claim problem. You can also hire a lawyer to help you file your claim with the IEPF.
If you wish to take advantage of this opportunity, Dematerialisation, or Demat, is the process by which an investor’s physical share certificate is transformed to an electronic format and stored in a Depository Participant’s account. You may acquire a demat of shares certificate from Maruti Suzuki using this method. Those who own Maruti Suzuki physical shares can select between a physical share transfer and a liquidation process.
Using the IEPF to file a claim
Unclaimed gains were previously transferred to the government, which, in accordance with government policy, would use them for public purposes. However, the government finally decided to create an unclaimed dividend fund where firms may deposit their lost or unclaimed shares. Any heirs to the funds, or anybody remembering a long-forgotten investment, can file a report with the fund’s management authority to get their money back. The IEPF, or Investor Education and Protection Fund, was established by the Indian government with this goal in mind.
The Investor Education and Protection Fund’s provisions
The regulations for the Investor Education and Protection Fund were issued by the Ministry of Corporate Affairs in 2017. (IEPF). According to the guidelines, any money in the company’s unpaid dividend account that has been unclaimed for seven years must be transferred to the IEPF. The money, along with the interest for the same time period, must be transferred to the fund. A claimant can only claim the transferred money after filing an application with the IEPF. As a result, the IEPF has become a one-stop-shop for investors wanting to file a claim for shares that have gone missing. It made requesting reimbursement for lost shares easier and provided investors with the chance to reclaim their long-lost investment.
In the event that your shares are lost, you should send the following documents to the company/registrars: affidavit, indemnity & surety bond, original copy of FIR of police complaint reporting a loss of share certificates, and voucher copy of advertisement published in the government gazette regarding loss of share certificates.
Let’s look at how to get your hands on any lost or unclaimed dividends from Maruti Suzuki shares that have been transferred to the IEPF. The method outlined in the following section outlines the fundamental steps that a common investor can take to request a share return from the IEPF.
The IEPF’s Procedure for Obtaining a Refund of Lost Shares
Any individual whose stocks, unclaimed dividends, matured deposits, matured debentures, application money due for refund or interest, sale proceeds of fractional shares, redemption proceeds of preference shares, or other property has been transmitted to the Fund may claim the shares or apply for restitution under the provisions of section 124, subsection (6).
Step 1: Claim to Authority
- A claimant must submit an IEPF Form-5 to MCA detailing their particulars, firm, and shares to be claimed.
- Particulars of the Applicant Specifics of the Shares to be Claimed
- Company Specifics
- Specifics on the amount claimed
- Aadhaar or PIO Card No. (in the case of NRI/foreigners)/Passport/OCI
- Deposits and securities are broken down by year.
- Details of the Aadhar-linked bank account (in which refund of claim to be made).
Step 2. Claim to Company
The claimant should send the online reimbursement form, along with attachments such as an indemnification bond, original receipts, and certificates linked to matured deposits or debentures, to the Nodal Officer of the relevant firm. These will help in the company’s claim verification.
The following documents are required:
- Original Physical Share Certificate/bond/Debenture Certificate
- Indemnity Bond with claimant signature
A non-judicial Stamp Paper of the value prescribed by the Stamp Act must be used if the claim is for more than Rs.10,000.
It can be done on plain paper if the amount claimed does not exceed Rs.10,000. In the case of a share return, the amount required by the Stamp Act is stamped on a non-judicial Stamp Paper. Share certificate information is crucial.
- Advance Stamped Receipt (original) with the claimant’s and two witnesses’ signatures
- A copy of the claimant’s Aadhaar card
- Print off a completed claim form (IEPF-5) with the claimant’s signature.
- Copy of acknowledgement
- Cheque Cancelled
- Passport, OCI, and PIO card copies (for foreigners and NRI)
Step 3.From Corporation to Authority
A business shall create a claim verification report and send it to the authority in the manner prescribed by the authority within 15 days of receiving the claim form and evidence. The company must appoint a nodal officer to oversee the claim verification process.
Any official nominated as Deputy Nodal Officer is fully responsible for the acts of the Nodal Officer: If a business fails to nominate a Nodal Officer, each of the company’s directors is assumed to be a Nodal Officer and is responsible for any failure to comply with these regulations.
Step 4. Claim Grant by Authority
The authorities will grant the claim to the claimant after checking the paperwork and form supplied by the company.
II. Verification report to the Authority
The company shall provide a verification report to the Authority in the manner stipulated by the Authority within 30 days of receiving the claim form, along with any evidence supplied by the claimant. Please keep in mind that information about share certificates is quite important.
The Company should also submit a scanned copy of both sides of the original physical share certificate or original bond, deposit, or debenture certificate/s legally cancelled and certified, together with the e-verification report:
The sanctioning authority will demand a refund to be issued to the claimant’s Demat account if the claimant has claimed shares. If funds are available, they will be sent to the claimant’s bank account. After receiving the company’s verification report, the government usually resolves issues within 60 days.
Time: Any application for reimbursement of any claim under this regulation that has been duly validated by the relevant company shall be decided by the Authority within 60 days of receipt of the company’s verification report.
Do Not Submit an Incomplete Application
If the verifying authority finds that the application is incomplete or that another document is required to complete the verification, an email will be sent to the claimant explaining the flaws in the given form or data, as well as any further required papers. The claimant is then required to produce the refurbished papers or another set of documents within 15 days after getting the notification email from the authorities. If the papers are not submitted on time, the authority may reject the claim application due to their inadequacy. All documentation needed by the verifying authority must be addressed to the verifying nodal officer of the firm. Ensure that the documents are provided to the officer within 15 days.
As a consequence, we understood the whole process of collecting unclaimed money or earnings from a company. Maruti Suzuki stock has soared in value over the last few decades. As a result, if you lay claim to shares that have been lost or unclaimed for a long period, the current value of such shares will be substantially higher. This is analogous to discovering unforeseen treasure buried on your ancestors’ land.
However, claiming this lost money and recovering shares requires the filing of evidence as well as compliance with all of the requirements listed above. Hiring a law firm to handle all of the documentation and filing for you is a straightforward answer to this time-consuming operation. These firms may also guide you through the whole process, making the work of recovering shares easier. So, without further ado, if you have any concerns or questions concerning the recovery of shares/transfers, choose a reputable legal firm with specialists and seek aid in reclaiming your unclaimed investment.