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Recovery of Unclaimed & Lost Physical Shares

Old share certificates in a locker. A parent's investments nobody kept track of. Dividends that quietly stopped arriving twenty years ago. None of it is gone — it is simply unclaimed, and it can be brought back.

What counts as an unclaimed shareholding

A shareholding becomes “unclaimed” when the company can no longer reach the investor or the investor stops responding. In practice that happens for very ordinary reasons: a change of address that was never intimated to the Registrar, a bank account that was closed, a marriage that changed a surname, a death in the family, or simply a certificate that was filed away and forgotten.

Once dividends go uncollected for seven consecutive years, the company is required to transfer both the unpaid dividend and the underlying shares to the Investor Education and Protection Fund (IEPF) Authority. This is the single biggest reason people assume their holding has vanished. It has not — it has moved, and there is a defined legal route to claim it back.

Where your shares might actually be today

SituationWhere the holding now sitsRoute to recover
Certificates held, dividends still creditedWith the company / RTA in your nameDematerialisation
Dividends unclaimed 7+ yearsIEPF AuthorityForm IEPF-5 claim
Holder deceasedCompany / RTA, frozen for transmissionTransmission, then demat or IEPF claim
Certificates lost or destroyedStill in your name in company recordsDuplicate / Letter of Confirmation
Company merged, renamed or delistedWith the successor entity's RTATracing, then the applicable route

Most real cases are a combination — for example, a deceased holder and a lost certificate and shares already moved to the IEPF. The order in which those steps are done matters a great deal, and getting it wrong is what causes claims to be returned.

What we do for you

  • Trace the holding. We identify the current company (after mergers, demergers and name changes), the present Registrar & Transfer Agent, the live folio, and any bonus or split entitlements added over the years.
  • Reconcile the records. PAN, address, bank details, nomination, name spelling and signature are brought in line with what the RTA holds, so the claim does not fail on a technicality.
  • Assemble the documents. Affidavits, indemnity bonds, ISR forms, succession papers, notarised copies and attestations — drafted, checked and sent to you ready for signature.
  • File and follow up. With the company, the RTA, the Nodal Officer and the IEPF Authority, until the credit actually appears.

Documents usually required

Every Registrar has its own preferences, so treat this as an indicative list. We confirm the exact set for your company and case before you have anything notarised or stamped.

  • Copies of any share certificates you hold (front and back)
  • PAN card and Aadhaar of the claimant(s)
  • Cancelled cheque or bank statement showing name, account number and IFSC
  • Client Master List (CML) of your demat account
  • Old dividend warrants, statements or letters from the company, if available
  • For a deceased holder: death certificate and proof of relationship or succession

A note on originals. Never post original certificates or succession documents to anyone without a written acknowledgement and tracked courier. Where the process allows, we work from certified copies and only move originals at the point they are genuinely required.

Questions

Recovery of Unclaimed Shares — FAQs

I only know the company name and my grandfather's name. Is that enough to start?

Usually yes. A name plus an approximate address or the folio number from any old document is normally enough for us to begin a search with the Registrar. Even a single old dividend warrant is a strong starting point.

The company no longer exists. Is the holding worthless?

Not necessarily. Companies merge, demerge and rename constantly. Your certificate in a 1990s company may today correspond to shares in a large listed entity, often with bonus and split entitlements added. Only if the company was actually wound up with no successor does the holding become valueless — and we will tell you that plainly rather than take on the case.

Do I have to travel to the company or the Registrar?

In the overwhelming majority of cases, no. The process is handled by post and online filings. You will need to sign documents, get some of them notarised or attested locally, and courier originals where required.

Not sure whether you have anything to claim?

Send us the names and we will check the records for you — free, and with no obligation to proceed.

Disclaimer: PhysicalShare Consultancy is an independent private consultancy providing documentation and advisory assistance. We are not affiliated with, endorsed by or acting on behalf of SEBI, the Ministry of Corporate Affairs, the IEPF Authority, any stock exchange, company, depository or Registrar & Transfer Agent. Investors may pursue these claims directly with the relevant company, RTA or the IEPF Authority at no professional cost. Outcomes and timelines depend on the concerned authority and cannot be guaranteed. Nothing on this website is legal, tax or investment advice.