Saturday, August 1, 2009

Some Nepalese people who are holding shares and stocks in India

There are many people from Nepal who are holding shares and stocks in India but the same can be called unclaimed or unattended. The dividends on such accounts have not been claimed for a long time.

People from Nepal started investing in India towards the beginning of the 20th century. Initially money came in towards purchase of lands & buildings in Calcutta, border areas of Bihar, Darjeeling Hills etc. later on the money started pouring into the stock markets. The investors were generally the royals or those close to them; the army personnel and the business class.

These shares in Indian companies may have been forgotten by the shareholders/ or their families; they may have changed their address but forgotten to inform the companies of their change in address; the shareholder may have forgotten to tell his/her family about such investments; the shareholder might be deceased and the family/ heirs may not be aware of the legal procedures to claim the same or find the procedure cumbersome; but the fact remains that these shares are unattended - the corporate benefits on them like dividends, bonuses are unclaimed for many many years.

The shares continue to be in their names; 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.

Some of the people in whose names investments have been found are - Piyush Raj Sharma, Prem Kumari Pandey, Pt Khagendra Raj, Narendra Singh Alay, Raj Bahadur Chipalu, Bada Maharani Gambhir Kumari, Rani Renuka Mumari, Somprasad Upadhyay, Vishnu Chintaman Bavadekar, Achyut Raj Shareshtha, Anand Raj Shareshtha, Brig Col Indra Bahadur Karki, John E J Fetz, Pushpa Kumari Panth, Krishna Prasad Panth, Raj Kumar Pitamber Shumshere, Nrip Jung Rana, Kharidar Singh Man, Col Jana Shumshere, Neetya Kumari Devi etc. But there would be many many more.

We can help you in claiming the shares if the shareholder is deceased and you are a legal heir. We can provide you our services of tracing the assets and initiating the legal procedures in India to claim the same.

In order to contact us, please go to our website www.fundtracers.com and contact through that site. or email at fund.tracers@gmail.com

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