Unclaimed shares: Canara Bank has issued an advertisement of September 29, 2025 asking shareholders to claim their dividend before December 31, 2025, which will not be transferred to the shares to IEPF (Investor Education and Protection Fund). Unconvised seven years, a company is supposed to transfer shares to IEPF in respect of the dividend that has not been paid or claimed for a period of seven consecutive years. Consequently, the transfer of corresponding shares on which the dividend is unpaid for seven consecutive years or more is unpaid, on December 31, 2025, the notice by Canara Bank states. The notice further states that the bank has already sent a specific communication to the relevant shareholder (s), whose unclaimed/unpaid shares can be transferred to IEPF, and requests them to claim their dividend before the deadline, ie December 31, 2025. And once they are under the supervision of IEPF, shareholders are not authorized to make a claim against the bank in respect of either unclaimed dividend or shares, the notice states. We now describe the process of demanding the shares of the IEPF back on how to claim the shares of IEPF. To claim the shares and dividend, you must fill in an online application and submit IEPF-5. 2.. The shareholders must also send physical documents to the company’s nodal officer to online submission. 3.. It is also obliged to reach out to the Registrar and Transfer Agent (RTA) to obtain a legal letter. 4. The shareholder must also register on the MCA website. The notice further mentions that for the shareholders who own shares in physical form – a new certificate will be issued instead of the original share certificate (s) and transferred to IEPF after completing the necessary formalities. As a result, the original statement registered in the name of the shareholder will be canceled. And for the shareholders who hold shares in Demat form, shares will be transferred in favor of IEPF. As a result, all future benefits that arise on such shares will also be transferred to IEPF, the notice states. Visit here for all updates for personal finance
Uncontrolled shares: If Canara Bank wants to transfer securities to IEPF, how can you claim it back?
