TRANSFER OF SHARES

At Fintrack, we understand that transferring shares can be a daunting task for investors. Our team of experts provides comprehensive services to investors who face challenges while transferring shares. Here are some of the issues that we can assist you with :

• Signature Mismatch: In some cases, companies may reject the transfer of shares due to discrepancies in the transferor's signature in the transfer deed and the specimen signature available in the company's records. Our team can help you resolve this issue.
• Non-Submission of Transfer Deed: Sometimes, buyers may have paid the consideration but failed to submit the transfer deed to the company. This results in the shares continuing to be registered in the seller's name as per the company's records. Our team can help you navigate this problem and ensure a smooth transfer.
• Mutilated Share Certificates: Share certificates can become damaged due to wear and tear, making it difficult to transfer them. Our team can help you with the process of getting a new certificate issued and facilitate the transfer of shares to your name.
• At Fintrack, we are committed to making the process of transferring shares as smooth and hassle-free as possible.

DEMAT OF SHARES

FinTrack In can assist investors facing these problems by providing demat services to convert physical shares to demat, activating dormant demat accounts, retrieving lost demat details, and updating investor information with the depository participant or company. By doing so, we ensure that investors can easily trade, transfer, and transmit shares without any hassles and also receive all benefits entitled to them such as dividends, bonuses, split shares, rights issues, etc.

RECOVERY OF INOPERATIVE BANK ACCOUNT

An inactive or dormant account with a bank is termed an inoperative account. An account becomes inoperative if there are no transactions in the account for a period of over two years.

Once the account becomes inoperative, the account holder cannot transact in the account. It is possible to activate an inoperative account by following a procedure prescribed by the bank. Thus we help in making the account operative again and also claiming money from the accounts.

If there is the death of the account holder, we help in transmission through the legal process and claim the amount for legal heirs.

If the 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.

RECOVERY OF MUTUAL FUNDS

Hundreds of crores are lying unclaimed in the form of the redemption amount of mutual funds. We provide service in the redemption of Mutual Fund which remains unclaimed due to some reasons.

• Mismatch of name/change of name
• Change of address
• Death of mutual fund holder.
• Closure of bank account
• Mismatch of signature

Even if you don’t have details of your mutual fund, but you remember the name of Mutual Funds houses where investment is made, we can assist in the retrieval of information and recovery of those unclaimed mutual funds.

If the mutual fund redemption amount or dividend amount remains unclaimed for 3 years, it will be considered unclaimed and invested by Mutual Fund Houses in the money market. And if it remains unclaimed for another 10 years, it is transferred to Senior Citizen Welfare Fund, from where normally it cannot be claimed after 25 years.

RECOVERY OF PROVIDENT FUND

Thousands of crores are lying unclaimed in the forms of unclaimed provident funds across India.

We provide service to recover unclaimed Provident Fund which remains unclaimed because of the following reasons :

• Wrong name or Change of name
• Incomplete Information seed by company
• Incomplete Information seed by company
• Closure of bank account
• Not having PF number
• Not having UAN/ Unactive UAN
• Death of Provident fundholder
• The company refused to sign and attest the claim

UNCLAIMED DIVIDENDS

A dividend that is owed to stockholders of record but has yet to be distributed. An unpaid dividend will exist in the time between the date of record and the dividend payment date.

Although the government has ensured unclaimed dividends, deposits, debentures, bonus, split shares, etc to be in safe hands so that the investors can claim it even after a certain period, the number of the affected investors are no less. We provide a whole range of services to investors to recover their unclaimed dividends, bonuses, split shares, etc. An investor may face such problems because of the following reasons:

Non-execution of transmission: It happens when a legal successor fails to ‘transmit’ shares in his name after the death of an investor whose name shares or debentures are actually held in the company’s records, leading to unclaimed corporate benefits including dividends, etc.

Outdated records: Unclaimed Dividend largely exists due to incorrect or outdated details of a shareholder in the company’s records. Non-intimation of change of address or other details to the respective company results in a mismatch of the investor’s database with various authorities.

Non-execution of transfer: Shares purchased by an investor remain in the name of the seller due to non-execution of transfer in the name of the buyer. This happens when an investor holds physical shares.