FAQ

ShareWorld Solutions is a Mumbai based company managed by qualified Chartered Accountants, Company Secretaries and Lawyers. The group has now presence in HR and Capital Market advisory besides its core area of financial service. ShareWorld Solutions is a part of this young dynamic group with PAN-India footprints.

ShareWorld Solutions is a single – window, customized service provider in the area of unclaimed investments. Our service is for investors who face problems with transfer, transmission, dematerialization of shares / mutual funds, unclaimed dividends, bonuses, split shares, conversion of share and redemption of debentures.

ShareWorld Solutions is an expert in unlocking unclaimed investments in shares & mutual funds. We take up your nagging problems with respective authorities, do all legal work, and bear the pain of lengthy legal procedures to get your money back. You get a hassle free service all along.

We have done pioneering job by solving many tricking problems that unlocked Rs.5 crore of unclaimed investments so far. ShareWorld Solutions is in the process of unlocking further several crores. Our performance along with the strong ethical foundation and the most trustworthy name in our area of expertise.

We do not charge any advance except a nominal commitment fees which is also refundable in case of the job is not accomplished. You will be charged for the actual expenses / out of pocket expenses such as legal fees, stamp papers, documentation charges etc.

We have done pioneering job by solving many tricky problems that unlocked Rs 20 crore of unclaimed investments so far. Share Samadhan is in the process of unlocking further several crores. Our performance along with the strong ethical foundation of parent body Whiteinc makes us the most trustworthy name in our area of expertise.

Investors still holding shares or mutual fund certificate(s) in physical form, do face such problems. It becomes more complicated if the investors do not have any record of the lost certificates. However, ShareWorld Solutions has solved many cases of lost certificates with the help of our extensive network and database.

Your visit or physical presence is not required. ShareWorld Solutions team will coordinate with you or your representatives as and when required.

Unclaimed investments are investments in various financial instrument which legal owners have failed to claim over the years. The idle money is usually found in lapsed insurance policies, dormant bank, public provident fund, and postal accounts, besides shares, mutual funds, benefits such as unclaimed dividends, bonuses, split shares etc. As the unclaimed money piled up in the system, it has gained serious attention at the highest level in government asking for concrete actions.

Transfer of shares is an act of transfer of title from one person (transferor) to another (transferee). Transmission of shares means the passing of title from a shareholder to his legal heir due to death, succession, bankruptcy, marriage. While transfer of shares is a voluntary act, transmission of shares is an operation of law.

Unclaimed dividend s the declared dividend which is not encashed or claimed by a shareholder. The Companies Act, 1956 mandates that dividends not paid or claimed in 30 days are transferred to a separate bank account. Investors can claim the amount from this account anytime in the next 7 years. Subsequently, the amount goes to the Investor Education & Protection Fund (IEPF), managed by the Ministry of Corporate Affairs.

‘Bonus Share’ is a benefit given to existing shareholders by a company in the form of additional shares. We term bonus shares unclaimed when a share holder does not receive the benefits due to various reasons such as non-delivery, non-transfer of shares. The company transfers unclaimed bonus shares into suspense account if it is not claimed by the rightful holder.

Split of shares aims at increasing the number of shares by reducing the face value. While this provides a shareholder, additional shares, it increases liquidity of a company’s share in the capital markets.

If a company changes its name, a shareholder in possession of physical certificate can neither trade nor sell his holdings as long as he / she is availing fresh certificate(s) from the company. A cumbersome process has to be followed.

Merger of companies may happen several times in the lifetime of the company. With merger, an investor encounters many tricky issues including change of swap ratio of shares. ShareWorld Solutions helps investors tide over such situation by proving an expert service.