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7YEARS OF EXPERIENCE
We Are a
IEPF Consultants
Agency
India's Largest & Most Trusted Platform For Unclaimed Investment & Debotor Recovery.
7YEARS OF EXPERIENCE
Are You Finding it
Difficult?
To Recover Money From Debtors
India's Largest & Most Trusted Platform For Unclaimed Investment & Debotor Recovery.
7YEARS OF EXPERIENCE
What We
Do ?
We Assist In Recovery Of Lost / Forgotten Or Scattered Investment
India's Largest & Most Trusted Platform For Unclaimed Investment & Debotor Recovery.
7YEARS OF EXPERIENCE
Have Your Shares Transferred To
IEPF
Govt .Of India ?
India's Largest & Most Trusted Platform For Unclaimed Investment & Debotor Recovery.
7YEARS OF EXPERIENCE
Not Claimed
PF Yet ?
We Will Assist You.
India's Largest & Most Trusted Platform For Unclaimed Investment & Debotor Recovery.
7YEARS OF EXPERIENCE
Lost Your Physical
Shares?
Will Get You Duplicate Shares.
India's Largest & Most Trusted Platform For Unclaimed Investment & Debotor Recovery.
7YEARS OF EXPERIENCE
Apply Welth Protect
Card
Protect Your Welth From Disaster.
India's Largest & Most Trusted Platform For Unclaimed Investment & Debotor Recovery.
7YEARS OF EXPERIENCE
Your Single-Window
Solution
To Unclaimed Investments.
India's Largest & Most Trusted Platform For Unclaimed Investment & Debotor Recovery.
7YEARS OF EXPERIENCE
Are You Finding It
Difficult
To Claim Dividend,Bonus ?
India's Largest & Most Trusted Platform For Unclaimed Investment & Debotor Recovery.
7YEARS OF EXPERIENCE
Are You Sitting
On
Loads Of Physical Shares ?
India's Largest & Most Trusted Platform For Unclaimed Investment & Debotor Recovery.
7YEARS OF EXPERIENCE
Are You Facing
Problems
With Share Succession Issue.
India's Largest & Most Trusted Platform For Unclaimed Investment & Debotor Recovery.
Our Services
Customer service is the face of our company.
How We Can Help You ?
- Kaimur Financial Services Pvt. Ltd (KMFSL) consultancy in claim of shares from IEPF (Investor Education & Protection Fund, Govt of India) where shares and dividend have been transferred to Govt.
IEPF CLAIM
- If dividends are unclaimed for continuous 7 years, the dividend as well as shares pertaining to those dividends are transferred to IEPF, an authority under Ministry of Corporate Affairs, Govt of India.
- Once the shares are transferred to IEPF, the investor needs to complete the numerous formalities to get this entitlement and then approach the Nodal officer of the company to get the verification from company and then ultimately approach IEPF to claim the shares.
- For holding in each separate company, separate claims have to be filed and co-ordination has to be done with Registrar, Company and IEPF as explained above.
- The claim has to be filed online and then physical documents have to be sent by investor to authorities, which are processed and approved by them at various levels.
TRANSMISSION OF SHARES
How We Can Help You?
We simplify the complex process of share transfer for clients experiencing issues such as disagreements over ownership, transfer limitations, and legal processes. We offer advice and share transmission services to ensure proper compliance, giving clients peace of mind and freedom to focus on other important business matters.
We noticed that people confuse “transfer” and “transmission” of shares. They sound the same, but they mean different things. “Transfer” is when someone decides to give their shares to someone else. “Transmission” is when someone dies and their shares go to someone else automatically without being paid for.
When someone dies and their shares are transmitted, the right steps must be followed. For example, if the person had shares in many companies, their heirs will have to fill out forms for each company. If the person shared ownership with others, the heirs will have to follow specific steps to get the shares back. This is why it’s important to understand the difference between transfer and transmission when managing shares.
Kaimur Financial Services Pvt. Ltd. (KMFSL) prides itself on providing a comprehensive suite of services aimed at facilitating the seamless and legal transfer of share ownership. Following the unfortunate passing of a shareholder, clients can confidently entrust KMFSL with the responsibility of ensuring that authorized individuals are granted access to the company shares. We are committed to offering our clients unparalleled professionalism, support, and guidance at all times. Our experienced team is dedicated to addressing your individual requirements and providing solutions that exceed your expectations. Contact us today to learn more about our trustworthy and reliable services.
How We Can Help You ?
Share transmission is the devolution of title of shares of a shareholder due to death, inheritance, bankruptcy, insolvency, lunacy, marriage or by any other lawful means other than transfer. On registration of the transmission of shares, the person becomes the shareholder of the company and is entitled to all rights as a shareholder.
TRANSMISSION OF SHARES
How We Can Help You ?
Transmission of shares at times is hugely cumbersome and runs into many legal complications. We help our clients by providing services relating to entire range of transmission of shares. A few common issues that we come across frequently are as follows:
Mixing up transfer of shares with transmission of shares: One of the widely- experienced problems is not to find out the difference between transfer and transmission of shares. The Companies Act clearly distinguishes transmission of shares from transfer of shares. While transfer of shares relates to a voluntary act of the shareholder, transmission is brought about by operation of law. Unlike transfer of shares, in case of transmission, shares are transferred without any consideration. The transmission takes place on the basis of will or an agreement.
Holding in various companies: In case the deceased shareholder had holdings in different companies, the relevant documents must be sent to each of the companies along with the share certificates in order to effect transmission of shares. This needs constant follow-up with each of the companies.
Jointly-held securities: Problems also arise if deceased was one of the joint holders. In that case the surviving holders must have a depository account and apply for transmission of shares following the due procedures.
Once the shares are transferred to IEPF, the investor needs to complete the numerous formalities to get this entitlement and then approach the Nodal officer of the company to get the verification from company and then ultimately approach IEPF to claim the shares.
For holding in each separate company, separate claims have to be filed and co-ordination has to be done with Registrar, Company and IEPF as explained above.
The claim has to be filed online and then physical documents have to be sent by investor to authorities, which are processed and approved by them at various levels.
DEMAT OF PHYSICAL SHARES
Dematerialisation is when you turn paper shares into electronic shares. To do this, you need to open a demat account with a Depository Participant. Then, you give them your paper shares, and they give you electronic shares in your demat account. It’s a requirement for the main shareholders, but everyone else can decide whether they want paper or electronic shares.
Why do you need a demat ?
If you want to buy or sell shares, you need a demat account. If you have physical shares, you can’t trade them. Having your shares in a demat account is safe and easy. You don’t have to worry about risks from physical shares or deal with lots of paperwork. You can quickly transfer shares and reduce the chances of mistakes. Dividends, bonuses, stock splits, rights, and other rewards will automatically go into your account, so you don’t lose them during transit. You don’t have to talk to lots of companies, because any updates will show up for all your shares.
How We Can Help You?
Shareholders might face problems, but we’re here to help you out. The easiest way to fix any issues is to switch from physical shares to demat shares. Some common problems that shareholders face include not using their demat account for a long time, or opening a new account without transferring shares from the old one. These problems can make it hard to trade, transfer, or get benefits like dividends. Sometimes, not updating your address can also cause issues. Lastly, losing your demat details can make it hard to talk to the company or the people who take care of your shares. We can help you with any problems you face.
UNCLAIMED DIVIDENDS
How We Can Help You ?
The government has implemented various measures to secure unclaimed dividends, deposits, debentures, bonuses, split shares, and other financial assets, providing investors with the opportunity to claim what is rightfully theirs even after a specified period. Notwithstanding, many investors remain affected, and we extend a range of services to aid them in recuperating their dormant dividends, bonuses, split shares, and other assets. This occurrence may arise from the following reasons:
First, outdated records: Unclaimed dividends often emanate from incorrect or outdated information about a shareholder, registered in the company’s archives. Failure to notify the relevant organization of alterations to address or any other relevant detail results in a disparity amid investors’ databases and various regulatory bodies’ records.
Second, non-execution of transfer: In situations where an investor holds physical shares, shares bought might remain in the seller’s name due to non-execution of transfer in the buyer’s name.
Third, non-execution of transmission: Failure on the part of a legal heir or successor to affect shares’ transmission in their name after the passing of an investor, whose name appears in the company’s archives, might lead to unclaimed corporate benefits such as dividends.
Unclaimed dividend means a company’s declared profit that shareholders have not received. If they do not claim it within 30 days of announcement, the money is put in a different bank account as per the Companies Act of 2013. Investors can claim the dividends anytime within 7 years from this account. If they do not, the unclaimed dividends are given to the Investor Education and Protection Fund (IEPF), which is under the Ministry of Corporate Affairs.
CONVERSION OF SHARES, DEBENTURES
How We Can Help You ?
Kaimur Financial Services Pvt. Ltd (KMFSL) provides service to investors facing following problems:
Inadequate records : Change of address, bank accounts or any other details are not in the company’s record, leading to lack of exchange of communication between company and investor.
Long maturity period : As these are long-term investments ranging from 10 to 20 years, investors tend to lose track of it.
Loss of certificates’ : Because of long holding period, it’s quite a common issue that investors loss certificates as many still hold it in physical form.
A convertible debenture is a financial instrument which changes its nature after completion of a specific period of time. It is a type of loan issued by a company that can be converted into stock by the holder and, under certain circumstances, the issuer of the bond.
PROPERTY CLAIM SAMADHAN
KMFSL helps clients recover property investments. With a team of real estate experts, they provide trustworthy and professional service to ensure clients receive their money back quickly and with support.
Kaimur Financial Services Pvt. Ltd (KMFSL) will be glad to assist you:
If you have invested in a real estate project and aren’t able to get a refund because it’s delayed or halted, we can help. We can also help with dispute resolution or settlement with the builder, developer, or colonizer. If you need help filing a lawsuit for your real estate matters or with family property disputes, we can assist. We can also help if you haven’t received possession of your property or haven’t received a penalty for a delayed period.
This message is about a law called RERA that helps people who want to buy property. RERA makes sure that property companies are responsible and have to listen to any complaints that buyers have. If a buyer has a complaint about a property covered by RERA, they can complain to the State RERA Authority. RERA Authority has power like a court and will try to fix the problem quickly. If it takes longer than 60 days to fix the problem, the Authority must give a reason. The message also says that the sender can help with the process of making a complaint to RERA by reviewing documents, writing the complaint and attending hearings.
DEBTOR RECOVERY
Debtor Recovery Under IBC
Kaimur Financial Services Pvt. Ltd (KMFSL) team is having fully fledged team having an experience or working in large corporate, commercials, Law Firm etc. Hence we are well conversant with the process.
. Proper commercial understanding
. Backed by strong legal team
. Updates with legal & regulatory framework
. Also handles international recovery as well
Industry Problem ?
. OLD DEBTORS AND OLD LOANS is increasing day by day
. Working capital pressure as bank’s disbursement is also challenging and time-consuming
. Every Rs 1,00,000 blocked results to Rs. 60,000 loss in one year assuming the turnover cycle 2 month where margin of 10% on turnover)
. Promoter does not have focused receivable team backed by strong legal team to purse debtor recovery cases
Debtor Recovery Under IBC
. IBC (Insolvency & Bankruptcy Code) empowers all classes of creditors (secured and unsecured lenders, employees, trade creditors, regulatory authorities)
. Provides for immediate suspension of the BOD and promoters’ powers.
. Provides for an insolvency professional to take control.
. Offers a finite time for resolution process. A period of 180 days to 270 days take to complete the Insolvency Process to complete the Insolvency Resolution Process under Insolvency and Bankruptcy Code.
Key Features Insolvency Resolution
. The process may be initiated by either the debtor or the creditors.
. National Company Law Tribunal (NCLT) would deal with matters relating to corporate insolvency
Who are Financial and Operational creditors ?
. Financial debt: means debt extended against consideration for the time value of money, and includes the following example: Term Loans, Working capital loans etc.
. Operational debt: means debt incurred in exchange for the provision of goods or services.
• Creditors include secured, unsecured.
• Creditors and decree holders from the court.
RECOVERY OF UNCLAIMED MUTUAL FUNDS
Hundreds of crores are lying unclaimed in the forms of unclaimed dividend and redemption amount of mutual funds. We provide service in redemption of Mutual Fund which remains unclaimed due to following reasons:-
- Mismatch of name / change of name
- Mismatch of signature
- Change of address
- Closure of bank account
- Death of mutual fund holder
Even if you do not have details of your mutual fund, but you remember the name of Mutual Funds houses where investment is made, we can assist in retrieval of information and recovery of those unclaimed mutual funds.
If mutual fund redemption amount or dividend amount remains unclaimed for 3 years, it will be considered as unclaimed and invested by Mutual Fund Houses in money market. And if it remains unclaimed for another 10 years, it is transferred in Senior Citizen Welfare Fund, from where normally it cannot be claimed after 25 years.
RECOVERY OF INOPERATIVE BANK ACCOUNTS
If saving or current account is not operated for 12 months it becomes inactive and if it is further not operated for another 12 months, it becomes inoperative. Thus we help in making account operative again and also claiming money from the accounts.
Further if there is death of accountholder, we help in transmission through legal process and claim of amount to legal heirs.
If account remains inoperative for 10 years, it becomes unclaimed and transferred to Senior Citizen Welfare Fund, from where normally it cannot be claimed after 25 years.
PROVIDENT FUNDS CLAIM
How We Can Help You
There is a lot of money that has not been claimed in the form of Provident Funds all over India. We can help you get your unclaimed Provident Fund back if you haven’t claimed it yet for some reasons.
Here are eight common issues that can arise with Provident Funds:
1. Name is incorrect or has been changed
2. Don’t have a PF number
3. UAN is not active or not assigned yet
4. KYC is incomplete.
5. Information is incomplete or missing
6. Bank account has been closed
7. The Provident Fund holder has passed away
8. The company has refused to sign or attest the claim.
RECOVERY OF UNCLAIMED MATURED INSURANCE
Around Rs. 12,000/- crore is lying unclaimed in Life Insurance due to following reasons: -
. Loss of policy documents
. Death of policyholder
. Closure of bank account
. No claim even after maturity
. Premiums remaining unpaid
We help in recovery of following types of claims of life insurance: -
. Death Claims
. Survival benefits
. Maturity claim
. Premium refunds
If Insurance claims remains unclaimed for 10 years it is transferred to Senior Citizen Welfare Fund, from where normally it cannot be claimed after 25 years.
