My father had shares in Reliance

[rustyw]

@karrington Same here. But have been waiting for 4 months now after the documents have been sent by kfintech to iepf. How long has it been for you ?

 

[karrington]

@rustyw I've submitted to IEPF on 31st May 2023... The SRN tracking status on mca site mentions as Pending For Approval/PAAO. When I checked inperson with KFin Tech, I have been told that IEPF process takes around 8-10months. KFinTech has no role to play once they forward the documents(IEPF Form 5) to IEPF(MCA) and we all know how fast government offices work.

 

[rustyw]

@karrington Same here. Hope it doesn't get rejected for silly reasons and then thake another 10months.

 

[fiafabes]

@karrington Yes thank you i will do that

 

[mammie5]

@fiafabes

I can trace those shares and is it worth it

Those might be worth few lakhs at minimum and few cr max.

 

[fiafabes]

@mammie5 Is there a possibility to trace it at all cz I do not have any detail

 

[mammie5]

@fiafabes That letter might help you. You can google about it or contact a broker but beware he will try to take your money.

 

[fiafabes]

@mammie5 Exactly why I am skeptical of approaching anyone

 

[roguefriar]

@mammie5 How can you tell?

 

[mammie5]

@roguefriar Her dad bought it before 2015 ( I don't know how early but IF I count it as 2015)

It's 450INR in 2015 and currently at 2500INR. So Even if he had bought a small amount it will be worth lakhs

 

[roguefriar]

@mammie5 How do you know if he didnt only invest 450 INR

 

[ginnypan]

@roguefriar she clearly mentioned that her father “left” something for them

 

[graybiker]

@mammie5 Plus Jio shares as bonus

 

[xmudpuddle]

@fiafabes Hi OP. please check for the broker with whom he had his demat account -DP ID. Brokers would most likely be a bank. If not you will need to be additionally careful in your dealings. Another issue you may have is if your father did not demat the shares. Google up to check how you can get more info.

Try to figure out how many shares are there. If the total value justifies the effort and expense - go for it, else just let it be.

Thing to watch out, Reliance is known for issuing bonus shares, so you need to check for the current count of shares.

 

[fiafabes]

@xmudpuddle Thanks for the heads up . And i will see if I cam find the broker although I am not sure how yet

 

[mammie5]

@fiafabes Her dad bought it before 2015 ( I don't know how early but IF I count it as 2015)

It's 450INR in 2015 and currently at 2500INR. So Even if he had bought a small amount it will be worth lakhs

 

[holyspiritleads2truth]

@fiafabes Very useful input and relatable for me. Thanks

 

[oilpaintermom]

@fiafabes Contact a small broker (not institutions) who do this kind of deals. They typically charge 5-10% of the total amount for all the hassle. I believe it is best to leave it to the professionals when you have no clue
Let me know if you need any help

 

[fiafabes]

@oilpaintermom I am skeptical since its very easy to get scammed and yea i will dm you ,thanks

 

[iamfavored2015]

@fiafabes If you still need any help now you can comment back

its very simple to find those shares at no cost ill tell you the process , i have recently done the same