MG Wealth PvtLTd trusted company solution provider to Unclaimed Investments. We assist investor to recover their Lost / Blocked / Forgotten Investments in Old Shares, Mutual Funds, Debenture, Unclaimed Provident Fund, Unclaimed Insurance, Postal Savings and incoperative bank accounts. It is literally a black hole of investors' wealth. we have unblocked millions of rupees involving diverse number investors who lost hope to get their money back. MG WealthPvt Ltd has beginning on "Recover Money " with new energy .
IEPF
All shares of the Company in respect of which dividends have remained unclaimed or un-encashed for seven consecutive years or more, are required to be transferred by the Company to the Investor Education and Protection Fund ('IEPF') established by the Government of India.
Transmission of shares
Transmission of shares occurs when the shares of a deceased share holder are inherited or bequeathed to an heir or personal representative of the deceased shareholder. Where shares are held by two or more persons jointly then upon death of one or more of them, the surviving person shall be entitled to all the shares and they may be transferred to his name. Where the shareholder held the shares as a sole owner, then his shares may be transferred only to the person named in his will or if he died without a will, then to the person who obtains letters of administration from the High Court in respect of the shares or the deceased’s property . The above are in Law recognized as the personal representatives of the deceased share holder and are entitled to have his shares transferred to them or their nominee .
Duplicate Share Certificate
What is a duplicate share certificate? A duplicate share certificate means a certificate issued in lieu of original share certificate when such original share certificate is reported to be lost by a member along with proper evidence or is surrendered to the company if the same is defaced, mutilated or torn out