Asset tracing and recovery can be a confusing service to understand. This isn’t a comprehensive list, so we encourage you to contact us if your questions have not been answered below.
Asset Tracers Global only uses publicly available data which connects unclaimed assets with you. Our team gets in touch with you for your benefit. You decide whether to hire us for an easy, stress-free process or do it yourself.
Asset Tracers Global has an experienced team with lawyers who have worked in the High Court and Supreme Court. We have hundreds of beneficiaries, many of whom will vouch for us. We’ll provide you with people you may contact to confirm who we are.
For the services we provide, a Power of Attorney only allows us to represent you to companies or registrars. The right to sign a document which requires a specimen signature is always omitted for your safety. We do not sign any forms, not even for worldwide clients. All documentation requiring signing will be couriered to you for your signature.
Asset Tracers Global has helped many clients with unclaimed shares. We contact the company for details, file a First Information Report (FIR) or Crime Reference Number with the police and prepare all the necessary documentation before following up with the registrars to get your shares safely back to you.
If the value of an individual’s shares is under Rs 2 lakhs, you can transfer the shares to your name quite easily. If the value is more than Rs 2 lakhs, you will need a succession certificate, which we can help you with. Using the succession certificate, the company will transfer the shares to your name.
Usually, a name and address is sufficient for us to search the many databases and locate the shares. There is no guarantee of success, but at Asset Tracers Global, we promise that you will bear zero financial risk if we do not find any.
No. Any legal heirs of your sibling will receive an equal amount of shares.
Shares and dividends that lie unclaimed for seven consecutive years are transferred to the Investor Education and Protection Fund (IEPF) for safekeeping. Asset Tracers Global works with the IEPF and the company the shares were with to help you get bk what is rightfully yours.
Yes. Asset Tracers Global is able to collate the necessary documents to change your address with the company. We are also able to help you claim any dividends you might have missed due to a changed address.
Our policy at Asset Tracers Global is: ‘no success, no fee’, which means as a client, you bear zero financial risk. A payment is expected only when we successfully close a case and we are completely transparent about what percentage this will be at the very start of your case.
Succession certificates are granted by a competent court to the successor or heir of a deceased person who has not left a legal will. It will also detail assets and their respective values. For any share valued over Rs 2 lakhs (or Rs 5 lakhs in case of a demat account), a succession certificate is necessary to be able to claim the money.
Legal heir certificates are valid only for shares valued under Rs 2 lakhs. For others, a succession certificate is needed.
A probate (if a will has an executor) or a letter of administration (if there is no executor) is a document granted by the court to confirm the validity of a will. Probates are required in metro cities to register immovable properties.
While it is not required if you are not based in a metro city, many registrars and companies stay on the safe side by insisting on one since they are unaware if the document produced is certainly the last will of testament. It varies from company to company and the value of the shares involved.
Asset Tracers Global aims to return to you every rupee, dollar or pound you are due, no matter what form they are currently in – unclaimed dividends, unclaimed shares, split shares, bonus shares, or dividends / shares with Investor Education and Protection Fund (IEPF)
Yes. You will need a repatriable account into which your dues will be credited.
No, absolutely everything can be completed remotely. We will send all documents to you by courier for your signature and regular updates via email until your case is closed
Yes. You will need a succession certificate granted by a court in India to claim assets. However, if the shareholder dies in another country, we can explore other avenues.
A letter of demonstration from authorities in the country where the shareholder died proving legal heirship, their death certificate and proof of identity will be required to claim assets.
You may hold physical shares without issue. If you plan to sell them, you will need a demat account. According to Reserve Bank of India (RBI), for shares invested with income originating in India, you will need a non-PIS (portfolio investment scheme) demat account connected to a Non-Resident Ordinary (NRO) account to ensure repatriation.
No. In case you decide to sell the shares , there would be a long term capital gains tax. Our panel of certified accountants would be happy to discuss this with you.
Yes. You can repatriate money using a chartered accountant certificate in Form 15 CB to state that there is no income tax due on the amount you want to remit. The bank will then transfer your money, up to USD$1 million. Money earned from selling shares is subject to capital gains tax. You can read more about this on the RBI website.
Long-term capital gains are subject to 10% tax. There is no indexation.