What are Unclaimed Dividends? Unclaimed dividends are those that the company is paying out to shareholders but which they have not yet accepted or claimed. Dividends that go unclaimed present a challenge for the business since the corporation is required to pay them out upon request. Difference between “unpaid dividends” and “unclaimed dividends?” People […]
What is Transmission? The process of transferring ownership of shares from one individual to another, usually as a result of a shareholder’s passing, is referred to as the transmission of shares. A corporation may register securities by legal operation upon obtaining notification from any person to whom a right to register securities has been transmitted, […]
Every day, more and more Indian residents choose to leave the nation in pursuit of better job opportunities, all the while keeping financial ties to their Indian familial roots through bank transactions. We refer to these folks as NRIs. NRIs, or Non-Residents of India, are people who have an Indian passport yet reside outside of […]
An account that keeps investments and securities in an electronic or dematerialized form is known as a “dematerialized account,” or “demat account.” It functions similarly to a bank account but is intended for the electronic holding and trading of financial items such as bonds, equities, mutual funds, and government securities. To transact in shares electronically, […]
What is IEPF? IEPF strands for Investor Education and Protection Fund. The Indian government established this fund in order to safeguard investors’ interests and raise investor awareness. The Investor Education and Protection Fund’s main goal is to protect investors’ interests by holding onto matured deposits, unclaimed shares, and unclaimed dividends. The IEPF was founded by […]
By Mr. Sanchit Garg, Co-Founder GLC Wealth To help the investors or legal heirs reclaim their unclaimed shares and dividends, the Finance Minister announced during the Union Budget 2023 that the government will establish an integrated IT portal for the Investors Education and Protection Fund (IEPF) Authority. Declaring the formation of the new portal, the […]
Investing money in various financial instruments such as stocks, bonds, mutual funds and other securities can help generate substantial returns over time, along with the potential to receive passive income through dividends. Investors get much calculative while investing because at a point of time they will be expecting a handsome return from their investments. However, […]
There was once a time when the Indian Share Market followed the open outcry system where the investors had to make themselves physically present in order to carry out the buying and selling of shares. In that era, everything used to be on papers and the trading of shares could only be done in physical […]
VALIDITY OF WILL According to Section 2 (h) of Indian Succession Act, 1925, “Will” means the legal declaration of the intention of a testator with respect to his property which he desires to be carried into effect after his death. A will is a legal piece of document in writing that enables an owner of […]
“At some point of time in life, everyone is destined to face Death as no one can deny death.” An owner of a property has a discretion to plan the transfer of his property by making a Will during his lifetime by the concept of ‘Testamentary Succession’, which takes effect as soon as the testator […]