Recovery of Share Process Prior to the introduction of dematerialized trading, securities were distributed in the form of paper certificates. Because these security certificates are in physical form, there is a high risk of them being ripped, misplaced, or lost. There have been cases where the individual in whose name the shares were registered died and the heirs were unable to recover the sum. According to some estimates, over eighteen thousand crores in unclaimed shares and twenty-three hundred crores in unclaimed dividends have been deposited to the IEPF. Taking notice of such unclaimed shares that have been transferred to the Investor Education and Protection Fund (IEPF), the government established a system by which the aforementioned investors can recover their investments back from the IEPF, together with dividends and bonus shares.Recovery of Share Process
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