Common Queries about the Retrieval of Shares
What Should I Do In Case Of Lost Share Certificates?
If you are holding shares in a non-physical form and do not possess any certificates, it is common to encounter difficulties, particularly if you lack any alternative documentation to prove ownership of your lost shares.
Do I need to be in touch with FISC always?
We prioritize your comfort, aiming to minimize any inconvenience for you. Physical visits are not mandatory; the FISC team will stay in communication with you and arrange for a representative to visit your address only when necessary.
What should be done in the event of a change in the name of the relevant company?
In the event of a company name change, shareholders are required to navigate a cumbersome process. Trading or selling holdings becomes restricted until the company issues new certificates reflecting the updated name, address, and company stamp.
I am an NRI. Do I need to visit regularly to visit / communicate with you?
No need for your visit or physical presence. The FISC team will coordinate with you or your representative as necessary.
How Will I (as customer) Benefit?
Recovering unclaimed investments is a challenging task that demands expertise in investments, shares, and intricate legal procedures. When you communicate your concerns with FISC, we take on the responsibility of navigating through the complex legal processes, aiming to bring comfort and ease to your life.
How long does it usually take to recover lost shares?
The duration for recovering lost shares varies based on the company's procedures, paperwork requirements, and verification processes, ranging from a few weeks to several months.
Unclaimed bonus in shares, what is it?
A 'bonus share' is a reward granted to existing shareholders in the form of additional shares. Bonus shares are considered unclaimed when a shareholder doesn't receive the entitled benefits due to reasons like non-delivery or non-transfer of shares. If these bonus shares remain unclaimed by the rightful holder, the company transfers them to a suspense account.