Asian Paints Limited / Recovery of Shares from IEPF

Asian Paints Limited / Recovery of Shares from IEPF. Recovering unclaimed shares or dividends from the Investor Education and Protection Fund (IEPF) can be confusing, especially for shareholders of a big and well-known company like Asian Paints Limited. Asian Paints is India’s largest paint company and a trusted name in home painting and décor.
For over 80 years, Asian Paints has helped people beautify their homes by offering quality paints and home improvement products. Well-known brands like Royale, Apex, Tractor, Ace, and Apcolite are commonly used in homes, offices, and buildings across cities and villages in India.
The company has a strong network of dealers and services, making its products easy to access and use. Asian Paints is known for good quality, innovation, and customer satisfaction, and it has also been a reliable company for investors over the years.
This article briefly explains Asian Paints’ background and shows how shareholders can claim their unclaimed dividends or shares that have been transferred to the IEPF.
History and Background of Asian Paints
Asian Paints started in 1942 in Mumbai when four friends came together to make good-quality paint at affordable prices. What began as a small business has today become India’s largest paint company and a well-known brand in many countries around the world, including Asia, Africa, and the Middle East.
Over the years, Asian Paints focused on understanding customer needs and improving its products and services. The company used new technology and better systems to make sure paints reached dealers and customers on time and in good condition. This helped Asian Paints earn the trust of millions of households.
Asian Paints also grew beyond just paints. It now offers home décor products, waterproofing solutions, adhesives, wall coverings, and kitchen and bathroom solutions. Along with growth, the company gives importance to eco-friendly practices, digital tools, and honest business practices, which continue to support its long-term success
Financial Performance
Asian Paints Limited is listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The company has shown strong and consistent financial performance over the years, making it one of India’s most valuable and reliable companies for long-term investors.
Asian Paints regularly declares dividends for its shareholders. However, in many cases, dividends remain unclaimed due to outdated contact details, loss of documents, or lack of awareness. When dividends are not claimed for seven consecutive years, both the dividend amount and the corresponding shares are transferred to the IEPF, as per the Companies Act, 2013. 
Process to Claim Dividend or Shares from IEPF (Asian Paints Limited)
Step 1: Check Your Unclaimed Dividend Status
First, visit:

Asian Paints Limited website → Investor Relations section

Or the IEPF website

Enter your Folio Number or DP ID/Client ID to check whether any unpaid dividends or shares have been transferred to the IEPF.
Step 2: Send Physical Documents to Asian Paints’ Registrar
The Registrar & Share Transfer Agent (RTA) for Asian Paints Limited is:
MUFG Intime India Pvt. Ltd,
C-101, 1st Floor, 247 Park,
Lal Bahadur Shastri Marg, Vikhroli (West),
Mumbai, Maharashtra,400083
 Email: investor.helpdesk@in.mpms.mufg.com
 Helpline: +91 810 811 8484 / 1800 2100 124
Follow these steps:

Contact the RTA or the company’s Nodal Officer to confirm your eligibility to claim shares or dividends transferred to the IEPF for the following details

Number of shares transferred

Unclaimed dividend amount

Confirmation that you are the rightful claimant

Send your request Letter along with:

Identity proof (PAN & Aadhaar)

Shareholding details (Folio Number or Demat Account)

Old dividend warrants or supporting documents (if available)

Step 3: Prepare IEPF Form-5 on MCA Website
Visit the Ministry of Corporate Affairs (MCA) website and log in under IEPF Services.
Fill Form IEPF-5 with the following details:
Documents Required

Personal Details: PAN, Aadhaar, Address, Email ID, Mobile Number

Company Name: Asian Paints Limited

Claim Details: Number of shares and/or unpaid dividends

Demat Account Details: DP ID and Client ID

Submit the form online and download:

Filled IEPF-5 Form

Acknowledgement Receipt (SRN)

Step 4: Prepare Document Set for Submission to Company
Send a hard copy of the IEPF-5 form and supporting documents to the company’s Nodal Officer.
List of Required Documents

Signed printout of IEPF-5 and acknowledgement

Indemnity Bond (on non-judicial stamp paper as per IEPF rules)

Advance Stamped Receipt (signed by claimant and witnesses)

Entitlement Letter issued by the company/RTA

Self-attested copies of:

PAN and Aadhaar

Cancelled Cheque

Client Master List (CML) from DP

Original Share Certificate (if shares were held in physical form)

Additional Documents for Legal Heir Claims

Death Certificate of the original shareholder

Succession Certificate / Legal Heir Certificate / Registered Will

No Objection Certificates (NOCs) from other legal heirs (if applicable)

Identity and address proof of all legal heirs

Step 5: Submit Documents to Asian Paints Nodal Officer
Send the complete document set by Speed Post or Courier to:
Nodal Officer – IEPF
Mr. R J Jeyamurugan
(CFO & Company Secretary)
 Asian Paints Limited
 Asian Paints Limited,6A & 6B,
 Shantinagar, Santacruz (East),
 Mumbai - 400 055, Maharashtra, India
Email: rj.jeyamurugan@asianpaints.com
 Tel: +91-22-6218 1139
Step 6: Verification by Asian Paints Limited
Once the documents are received, Asian Paints verifies the claim and supporting papers. After successful verification, the company prepares a Verification Report and submits it to the IEPF Authority, usually within 30 days.
Only after this submission can the IEPF Authority process the claim.
Step 7: Approval by IEPF Authority
The IEPF Authority reviews the application and verification report. If everything is in order:

Shares are credited to the claimant’s Demat Account

Unclaimed dividend amounts are transferred to the registered bank account

The processing time may vary depending on document completeness. 
Conclusion
Recovering unclaimed shares or dividends from the IEPF may look difficult at first, but the process becomes simple when each step is followed carefully. Asian Paints Limited has a clear system in place through its Registrar and Nodal Officer to help shareholders or their legal heirs claim what rightfully belongs to them. By checking the unclaimed dividend status, filing Form IEPF-5 on time, and submitting complete and correct documents, investors can smoothly complete the recovery process.
Asian Paints is a well-governed and trusted company, and it ensures proper verification before forwarding claims to the IEPF Authority. With patience, proper documentation, and timely follow-up, shareholders or legal heirs can successfully recover their shares and dividend amounts and protect their long-term investments. For more information or professional assistance with the IEPF recovery process, you may contact Compliance Calendar LLP, who can guide you at every step and help ensure a smooth and hassle-free claim process. 
Frequently Asked Questions (FAQs)
Q1. What is the IEPF? 
Ans. The Investor Education and Protection Fund (IEPF) is a government-managed fund where unclaimed dividends, shares, and other amounts are transferred. If dividends remain unclaimed for seven years, both the dividend and related shares are moved to the IEPF. The fund protects investor interests and allows rightful owners to claim their money later.
Q2. Why were my Asian Paints shares or dividends transferred to the IEPF? 
Ans. If dividends are not claimed for seven consecutive years, the law requires the company to transfer the amount and related shares to the IEPF. This usually happens due to outdated contact details, lost documents, or lack of awareness. The transfer does not mean you lose ownership permanently.
Q3. How can I check if my Asian Paints shares are with the IEPF? 
Ans. You can check by visiting the Asian Paints website under the Investor Relations section or the official IEPF website. By entering your Folio Number or DP ID/Client ID, you can see whether any shares or dividends are unclaimed and transferred to the IEPF.
Q4. Is filing Form IEPF-5 compulsory?
Ans. Yes, filing Form IEPF-5 on the MCA website is mandatory to claim any shares or dividends from the IEPF. Without this form, the IEPF Authority will not process your claim. The form contains personal, company, and claim-related details.
Q5. Can legal heirs claim shares from the IEPF?
Ans. Yes, legal heirs, nominees, or successors can claim shares and dividends from the IEPF. They must submit additional documents such as the death certificate, succession certificate or will, and NOCs from other heirs, if required.
Q6. How long does the IEPF recovery process take?
Ans. Asian Paints usually completes document verification within 30 days after receiving all papers. After that, the IEPF Authority may take a few weeks or months to approve and process the claim. The timeline depends on the completeness of documents.
Q7. Do I need to submit original documents?
Ans. Original share certificates are required if the shares were held in physical form. Other documents such as PAN, Aadhaar, and bank details are submitted as self-attested copies. Legal heirs may be asked for original legal documents if needed.
Q8. What happens if my documents are incomplete or incorrect?
Ans. If documents are missing or incorrect, the company or IEPF Authority may raise objections or reject the claim. This can cause delays. It is important to carefully check all documents before submission.
Q9. Will the recovered shares be issued in physical form?
Ans. No, all shares recovered from the IEPF are credited only to the claimant’s Demat account. Even if the shares were originally held in physical form, they will be converted into electronic form.
Q10. Whom should I contact for help regarding my claim?
Ans. You can contact Asian Paints’ Registrar (MUFG Intime India Pvt. Ltd.) or the company’s IEPF Nodal Officer for assistance. They can guide you on eligibility, documents required, and the status of your claim

Recovering unclaimed shares or dividends from the Investor Education and Protection Fund (IEPF) can be confusing, especially for shareholders of a big and well-known company like Asian Paints Limited. Asian Paints is India’s largest paint company and a trusted name in home painting and décor.

For over 80 years, Asian Paints has helped people beautify their homes by offering quality paints and home improvement products. Well-known brands like Royale, Apex, Tractor, Ace, and Apcolite are commonly used in homes, offices, and buildings across cities and villages in India.

The company has a strong network of dealers and services, making its products easy to access and use. Asian Paints is known for good quality, innovation, and customer satisfaction, and it has also been a reliable company for investors over the years.

This article briefly explains Asian Paints’ background and shows how shareholders can claim their unclaimed dividends or shares that have been transferred to the IEPF.

History and Background of Asian Paints

Asian Paints started in 1942 in Mumbai when four friends came together to make good-quality paint at affordable prices. What began as a small business has today become India’s largest paint company and a well-known brand in many countries around the world, including Asia, Africa, and the Middle East.

Over the years, Asian Paints focused on understanding customer needs and improving its products and services. The company used new technology and better systems to make sure paints reached dealers and customers on time and in good condition. This helped Asian Paints earn the trust of millions of households.

Asian Paints also grew beyond just paints. It now offers home décor products, waterproofing solutions, adhesives, wall coverings, and kitchen and bathroom solutions. Along with growth, the company gives importance to eco-friendly practices, digital tools, and honest business practices, which continue to support its long-term success

Financial Performance

Asian Paints Limited is listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The company has shown strong and consistent financial performance over the years, making it one of India’s most valuable and reliable companies for long-term investors.

Asian Paints regularly declares dividends for its shareholders. However, in many cases, dividends remain unclaimed due to outdated contact details, loss of documents, or lack of awareness. When dividends are not claimed for seven consecutive years, both the dividend amount and the corresponding shares are transferred to the IEPF, as per the Companies Act, 2013.

Process to Claim Dividend or Shares from IEPF (Asian Paints Limited)

Step 1: Check Your Unclaimed Dividend Status

First, visit:

Asian Paints Limited website → Investor Relations section
Or the IEPF website

Enter your Folio Number or DP ID/Client ID to check whether any unpaid dividends or shares have been transferred to the IEPF.

Step 2: Send Physical Documents to Asian Paints’ Registrar

The Registrar & Share Transfer Agent (RTA) for Asian Paints Limited is:

MUFG Intime India Pvt. Ltd,

C-101, 1st Floor, 247 Park,

Lal Bahadur Shastri Marg, Vikhroli (West),

Mumbai, Maharashtra,400083

Email: investor.helpdesk@in.mpms.mufg.com

Helpline: +91 810 811 8484 / 1800 2100 124

Follow these steps:

Contact the RTA or the company’s Nodal Officer to confirm your eligibility to claim shares or dividends transferred to the IEPF for the following details

Number of shares transferred
Unclaimed dividend amount
Confirmation that you are the rightful claimant

Send your request Letter along with:

Identity proof (PAN & Aadhaar)
Shareholding details (Folio Number or Demat Account)
Old dividend warrants or supporting documents (if available)

Step 3: Prepare IEPF Form-5 on MCA Website

Visit the Ministry of Corporate Affairs (MCA) website and log in under IEPF Services.

Fill Form IEPF-5 with the following details:

Documents Required

Personal Details: PAN, Aadhaar, Address, Email ID, Mobile Number
Company Name: Asian Paints Limited
Claim Details: Number of shares and/or unpaid dividends
Demat Account Details: DP ID and Client ID

Submit the form online and download:

Filled IEPF-5 Form
Acknowledgement Receipt (SRN)

Step 4: Prepare Document Set for Submission to Company

Send a hard copy of the IEPF-5 form and supporting documents to the company’s Nodal Officer.

List of Required Documents

Signed printout of IEPF-5 and acknowledgement
Indemnity Bond (on non-judicial stamp paper as per IEPF rules)
Advance Stamped Receipt (signed by claimant and witnesses)
Entitlement Letter issued by the company/RTA
Self-attested copies of:

PAN and Aadhaar
Cancelled Cheque
Client Master List (CML) from DP

Original Share Certificate (if shares were held in physical form)

Additional Documents for Legal Heir Claims

Death Certificate of the original shareholder
Succession Certificate / Legal Heir Certificate / Registered Will
No Objection Certificates (NOCs) from other legal heirs (if applicable)
Identity and address proof of all legal heirs

Step 5: Submit Documents to Asian Paints Nodal Officer

Send the complete document set by Speed Post or Courier to:

Nodal Officer – IEPF

Mr. R J Jeyamurugan

(CFO & Company Secretary)

Asian Paints Limited

Asian Paints Limited,6A & 6B,

Shantinagar, Santacruz (East),

Mumbai - 400 055, Maharashtra, India

Email: rj.jeyamurugan@asianpaints.com

Tel: +91-22-6218 1139

Step 6: Verification by Asian Paints Limited

Once the documents are received, Asian Paints verifies the claim and supporting papers. After successful verification, the company prepares a Verification Report and submits it to the IEPF Authority, usually within 30 days.

Only after this submission can the IEPF Authority process the claim.

Step 7: Approval by IEPF Authority

The IEPF Authority reviews the application and verification report. If everything is in order:

Shares are credited to the claimant’s Demat Account
Unclaimed dividend amounts are transferred to the registered bank account

The processing time may vary depending on document completeness.

Conclusion

Recovering unclaimed shares or dividends from the IEPF may look difficult at first, but the process becomes simple when each step is followed carefully. Asian Paints Limited has a clear system in place through its Registrar and Nodal Officer to help shareholders or their legal heirs claim what rightfully belongs to them. By checking the unclaimed dividend status, filing Form IEPF-5 on time, and submitting complete and correct documents, investors can smoothly complete the recovery process.

Asian Paints is a well-governed and trusted company, and it ensures proper verification before forwarding claims to the IEPF Authority. With patience, proper documentation, and timely follow-up, shareholders or legal heirs can successfully recover their shares and dividend amounts and protect their long-term investments. For more information or professional assistance with the IEPF recovery process, you may contact Compliance Calendar LLP, who can guide you at every step and help ensure a smooth and hassle-free claim process.

Frequently Asked Questions (FAQs)

Q1. What is the IEPF?

Ans. The Investor Education and Protection Fund (IEPF) is a government-managed fund where unclaimed dividends, shares, and other amounts are transferred. If dividends remain unclaimed for seven years, both the dividend and related shares are moved to the IEPF. The fund protects investor interests and allows rightful owners to claim their money later.

Q2. Why were my Asian Paints shares or dividends transferred to the IEPF?

Ans. If dividends are not claimed for seven consecutive years, the law requires the company to transfer the amount and related shares to the IEPF. This usually happens due to outdated contact details, lost documents, or lack of awareness. The transfer does not mean you lose ownership permanently.

Q3. How can I check if my Asian Paints shares are with the IEPF?

Ans. You can check by visiting the Asian Paints website under the Investor Relations section or the official IEPF website. By entering your Folio Number or DP ID/Client ID, you can see whether any shares or dividends are unclaimed and transferred to the IEPF.

Q4. Is filing Form IEPF-5 compulsory?

Ans. Yes, filing Form IEPF-5 on the MCA website is mandatory to claim any shares or dividends from the IEPF. Without this form, the IEPF Authority will not process your claim. The form contains personal, company, and claim-related details.

Q5. Can legal heirs claim shares from the IEPF?

Ans. Yes, legal heirs, nominees, or successors can claim shares and dividends from the IEPF. They must submit additional documents such as the death certificate, succession certificate or will, and NOCs from other heirs, if required.

Q6. How long does the IEPF recovery process take?

Ans. Asian Paints usually completes document verification within 30 days after receiving all papers. After that, the IEPF Authority may take a few weeks or months to approve and process the claim. The timeline depends on the completeness of documents.

Q7. Do I need to submit original documents?

Ans. Original share certificates are required if the shares were held in physical form. Other documents such as PAN, Aadhaar, and bank details are submitted as self-attested copies. Legal heirs may be asked for original legal documents if needed.

Q8. What happens if my documents are incomplete or incorrect?

Ans. If documents are missing or incorrect, the company or IEPF Authority may raise objections or reject the claim. This can cause delays. It is important to carefully check all documents before submission.

Q9. Will the recovered shares be issued in physical form?

Ans. No, all shares recovered from the IEPF are credited only to the claimant’s Demat account. Even if the shares were originally held in physical form, they will be converted into electronic form.

Q10. Whom should I contact for help regarding my claim?

Ans. You can contact Asian Paints’ Registrar (MUFG Intime India Pvt. Ltd.) or the company’s IEPF Nodal Officer for assistance. They can guide you on eligibility, documents required, and the status of your claim