Investor claim verification requires company ID checks, e-verification reports, PAN/CML and DEMAT matching before refund. The company must verify claimant identity and entitlement using government ID (Aadhar, PAN, Passport or other), match signatures and photos, verify amounts and shares against its e-filings, retain originals as per Form IEPF-5, submit an e-verification report to the Authority, and obtain contingency insurance for verification-report risk. The Authority follows a checklist-completeness of IEPF-5, matching e-form data with scanned documents, affidavits for name changes, indemnity on stamp paper, PAN verification with CML and government database, authentication of physical certificates, DEMAT/CML matching, scrutiny of unclaimed suspense account transfers, and verification of amounts from IEPF-1/INV-1/IEPF-1A-while reserving the right to seek further documents.
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Investor claim verification requires company ID checks, e-verification reports, PAN/CML and DEMAT matching before refund.
The company must verify claimant identity and entitlement using government ID (Aadhar, PAN, Passport or other), match signatures and photos, verify amounts and shares against its e-filings, retain originals as per Form IEPF-5, submit an e-verification report to the Authority, and obtain contingency insurance for verification-report risk. The Authority follows a checklist-completeness of IEPF-5, matching e-form data with scanned documents, affidavits for name changes, indemnity on stamp paper, PAN verification with CML and government database, authentication of physical certificates, DEMAT/CML matching, scrutiny of unclaimed suspense account transfers, and verification of amounts from IEPF-1/INV-1/IEPF-1A-while reserving the right to seek further documents.
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