Frequently Asked Questions
FISC provides specialist consultancy in the recovery of unclaimed shares, lost share certificates, dormant securities, IEPF claims, and related investor asset recovery matters. We assist shareholders and their legal heirs in navigating the regulatory processes required to reclaim their rightfully owned securities across India.
FISC is not a broker, not a depository, and not a custodian. We are a specialist recovery consultancy. While brokers and depositories focus on active trading and account management, FISC specializes exclusively in helping investors recover forgotten or lost shares through regulatory channels like IEPF, company RTAs, and government bodies.
FISC operates in association with ASCA Chartered Accountants and provides consultancy services. Our engagement model is based on the professional standards of chartered accountancy practice. We work within SEBI regulations and follow all applicable legal requirements in every matter we undertake.
Yes, shares transferred to IEPF can absolutely be recovered. The Investor Education and Protection Fund provides a formal process for share recovery through Form IEPF-5, which requires submission of an application with supporting documentation. FISC guides you through this entire process and coordinates with the IEPF Authority on your behalf.
Form IEPF-5 is the official application form for claiming shares held in the IEPF. The form requires details of your shareholding, supporting documents like original dividend warrants or statements, proof of identity, and bank details for credit. FISC prepares and files this form with all necessary supporting documents and tracks its status with the IEPF Authority until approval.
The IEPF claim process typically takes between 8 to 16 weeks from the date of filing, depending on the completeness of your documentation and the IEPF Authority's processing timeline. FISC maintains regular contact with the IEPF Authority to monitor progress and address any queries they may raise.
Yes, legal heirs can file an IEPF claim for the deceased shareholder's shares. This requires submission of succession proof documents including the death certificate, will (if any), and documents establishing the heir's legal right to the shares. FISC guides heirs through this process and ensures all succession documentation is properly presented to the IEPF Authority.
First, gather any supporting documents you may have, such as dividend warrants, statements, or correspondence from the company. Then contact the company registrar (RTA) to verify the shares in your name. FISC can guide you through the RTA process and help you obtain duplicate certificates or convert them to DEMAT form.
Converting physical shares to DEMAT involves obtaining a duplicate certificate from the RTA, opening a DEMAT account with a depository participant (if you don't have one), and then submitting the certificate to the DP for dematerialization. FISC can coordinate with the RTA and guide you through the depository process to complete the conversion.
DEMAT accounts are typically frozen due to incomplete or outdated KYC documentation, non-compliance with regulatory requirements, or inactivity over extended periods. FISC can help you identify the specific reason for the freeze, prepare the necessary corrective documentation, and coordinate with your depository to reactivate your account.
Name or signature mismatches can prevent share recovery and account access. This is typically resolved by filing a correction request with the company RTA, along with supporting documents like an affidavit and identity proof. FISC prepares all necessary documentation and coordinates with the RTA to effect the correction in company records.
FISC's fees are based on the complexity of your case and the scope of work involved. Fees are clearly specified in a formal engagement letter before any work begins. We charge only for services actually rendered and do not charge for an initial assessment or consultation.
Yes. After an initial consultation where we assess your specific situation, we provide a detailed estimate of the work involved and the likely fees. You are under no obligation to proceed until you review and agree to our engagement letter and fee structure.