NRI RECOVERY OF UNCLAIMED SHARES/BANK DEPOSITS

NRIs often face challenges in recovering unclaimed assets in India due to the complexities of legal procedures, documentation, and compliance requirements. These assets may include forgotten investments, unclaimed shares, dormant bank accounts, old deposits, or other financial instruments that have been neglected over time.

Our Recovery Services

1. Identification of Unclaimed Assets

• Locating unclaimed assets such as physical share certificates, mutual funds, unclaimed PPF or EPF amounts, and dormant bank accounts.
• Conducting a thorough analysis to identify ownership and entitlement.

2. End-to-End Documentation Support

• Preparing and submitting the required legal and regulatory documents.
• Assisting in KYC updates, affidavits, indemnity bonds, and other paperwork.

3. Legal and Regulatory Compliance

• Ensuring compliance with Indian laws, including SEBI and RBI guidelines for asset recovery.
• Handling claims related to assets transferred to the Investor Education and Protection Fund (IEPF).

4. Share Recovery Assistance

• Recovering lost or forgotten shares, whether in physical form or dematerialized.
• Assisting with transmission of shares in case of inheritance.
• Coordinating with registrars, companies, and stock exchanges for claim processing.

5. Bank Account and Deposit Recovery

• Activating dormant accounts and recovering unclaimed deposits.
• Liaising with banks and financial institutions to resolve discrepancies.

6. Repatriation of Recovered Assets

• Facilitating the transfer of recovered funds to your country of residence while ensuring FEMA compliance.
• Providing tax consultation to minimize liabilities on recovered assets.