Shareholder my grandfather expired in 81. We are not aware that dividends continued to comno i.e.e till 2006.
For 1991-2006 period 30 dividends dispatched and encashed. Got inform for 1 dividend of 2004- 2005 from dividend banker in Jun 2018. Contacted PSU bank were encashment took place as they request appropriate authorities. Initially the bank agreed to provide inform now after RBI CEPC forwarded complaint to them now they state data is old hence can't be retrieved.
Data is actually available from 1991 at bank and can be retrieved so how do we proceed from here to ensure bank cooperates to provide data. How to ensure data is not compromised.
A.Dear client kindly contact with letter or E-mail to the SEBI , concerned broker and also the concerned bank, together with your original grandfather death certificate and your succession certificate.kindly go through any local lawyer for procedure
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VIMAL K MISHRA
Responded 5 years ago
A.Dear client! You must contact the whole matter through the letter or E-mail or both to the SEBI, concerned broker and also the concerned bank, together with your grandfather's death certificate and your succession certificate.
If you face any difficulty with these, feel free to contact me I will explain the whole process about in this matter and also help for preparing the relevant documents.
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Dr Vedula Gopinath
Responded 5 years ago
A.dear questioner
You can approach the company with evidence of death of your beloved grandfather.. After due formalities the dividends can be refunded to the successors of the deceased shareholder.Before this process, you should attend to the procedure involved in transmission of shares.After submitting the required documents such as death certificate, legal heir certificate etc. the shares shall be transmitted in the name of the legal heirs.
cs dr vedula gopinath advocate/arbitrator
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We would require more details on the issue to answer your query precisely. It is important to know the cause of action in the matter to provide appropriate legal remedy.
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