Ever wondered what `that old Annual report’ of an Indian company was doing among the old papers and records of your parents, or grandparents?
When you were young, you recollect your family receiving bulky annual reports, correspondences, dividends etc from companies in India. Those thick books with pictures of factories, office buildings and lots of numerical figures and accounts – things you were too young to understand, but enjoyed playing with them.
Or those thick sheets of paper called `share certificates’ with the Victorian kind of colorful designs printed on them and names written in `calligraphy’ design that your family used to keep safely.
Or the chat your father or grandfather would have with his colleagues about Indian stock markets. You fondly recollect it now, but that time as a child you could never understand that.
The above instances and many more can be recalled by many people today but they do not know the exact reason for this – Was someone in the family, investing in Indian stock markets and Indian companies? You recall that in 1950’s your father or grandfather or one of your uncles used to visit Calcutta on business purpose or was in the army and used to frequently travel there. Or may be you recall faintly that they used to bank there.
But the crucial question remains unanswered – was any one investing in the stocks?
There are lots of people who would have had the above experience. They have similar recall or recollection but no definite answer. Even if they want to pursue the matter, they have no idea how to go about it. Neither are those old papers and records available – well, as some one in Pokhra had stated who was trying to pursue the matter said ‘we used to take out pages from those books and make paper planes’. The papers and records were trashed as useless, after the demise of the investor. Those who made the investments may be they forgot to tell their wife, children, or family about it. You don’t even know if there still exist investments in any of the companies in India in the name of your parents or grandparents.
Is it a dead end for such people? Not necessarily.
Help is at hand.
Fund Tracers specializes in tracing assets for people. Located in New Delhi, India we are the only company in India that works exclusively on tracing assets like shares, securities, bank accounts, etc., and facilitating the legal procedures to enable the rightful owners claim the same.
There are a number of reasons why families may not be aware of such investments. Shares may become untraceable for other reasons too – the company may change its name, it may have got merged with another or it may have become sick and / or gone into liquidation. Also, over the years the geography of your town has changed. The old addresses of fifties that are on record with Indian companies are no more valid. All communication from Indian companies never gets delivered and is returned.
The investments happened in sectors as varied as Engineering, Railways, Banks, Coal, Jute, etc.
Our is to trace such companies and help the investors claim their rightful benefits in them. Where the shareholder is deceased, they facilitate the legal procedures in Indian courts to enable the legal heirs to claim succession to such assets.
We are constantly updating the database of unclaimed assets in India, held by people from across the globe – Britain, Europe, Nepal, Burma, Africa, etc., that are unclaimed. They have helped numerous families from India, Nepal, Burma, Ceylon, England etc in claiming shares & securities, bank accounts etc that they were entitled to claim. Believe it or not, some of the assets they have tracked down were as old as 80 years!
The shares continue to be in the names of the original shareholder; these investments must have happened atleast 60 years back. Chances are that the shareholder may have been deceased or too old. The dividends on such accounts is outstanding for many many years. The shareholder/ legal heirs would be entitled to the same.
In order to contact me, please go to my website www.fundtracers.com and contact me through that site or write me a mail at fund.tracers@gmail.com for more information.
