What if the original documents for the investments are not available, can shares be claimed?
Process to Claim Shares Without Original Documents for NRIs
Submit an Indemnity Bond You will be required to submit an indemnity bond to the company, which protects the issuer from any future claims on the lost documents.
Provide an Affidavit An affidavit detailing the loss of original documents must be provided, declaring that you are the rightful owner of the shares.
Furnish KYC Documents Complete Know Your Customer (KYC) formalities, including submitting identification and address proof.
Additional Proof The company may ask for other supporting documents or proof of ownership, such as a Demat statement or transaction record.
Once these documents are submitted and verified, the company can proceed with issuing duplicate certificates or transferring the shares.
In addition to managing share transmission, NRIs can invest in mutual funds like mutual funds for NRI. Mutual fund investment by NRI offers easy access to mutual funds India. NRI investment in share market is another great way for NRIs to grow their wealth, and those interested in more diverse options may explore alternate investment funds or alternative mutual funds. AIF (alternative investment fund) and alternative asset funds are ideal for portfolio diversification.
For more stable investments, FD in India for NRI offers attractive NRI fixed deposit rates in India and high NRI interest rates in India. Additionally, PMS taxation for NRI can help manage taxes efficiently. For those looking to invest in a unique financial sector, Gift city investment for NRI presents exciting opportunities.
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Read MoreWhat if the original documents for the investments are not available, can shares be claimed?
Process to Claim Shares Without Original Documents for NRIs
Submit an Indemnity Bond
You will be required to submit an indemnity bond to the company, which protects the issuer from any future claims on the lost documents.
Provide an Affidavit
An affidavit detailing the loss of original documents must be provided, declaring that you are the rightful owner of the shares.
Furnish KYC Documents
Complete Know Your Customer (KYC) formalities, including submitting identification and address proof.
Additional Proof
The company may ask for other supporting documents or proof of ownership, such as a Demat statement or transaction record.
Once these documents are submitted and verified, the company can proceed with issuing duplicate certificates or transferring the shares.
In addition to managing share transmission, NRIs can invest in mutual funds like mutual funds for NRI. Mutual fund investment by NRI offers easy access to mutual funds India. NRI investment in share market is another great way for NRIs to grow their wealth, and those interested in more diverse options may explore alternate investment funds or alternative mutual funds. AIF (alternative investment fund) and alternative asset funds are ideal for portfolio diversification.
For more stable investments, FD in India for NRI offers attractive NRI fixed deposit rates in India and high NRI interest rates in India. Additionally, PMS taxation for NRI can help manage taxes efficiently. For those looking to invest in a unique financial sector, Gift city investment for NRI presents exciting opportunities.
Also Read: When does shares and investments become unclaimed?