Wednesday, March 25, 2009

Craig Jute Mills and a little story



Craig Jute Mills and a little story


Sometime back, a client of mine from Kathmandu, Nepal was browsing through his attic and amongst other things that were discovered, they found quite a few file folders containing ancient share certificates, company letters and intimations regarding shareholders meetings, announcement and payments of dividends, bonuses, annual reports etc. These investments had been done by the clients' grandfather while he was doing business in Calcutta, India in the late1930s and 1940s.

For the benefit of my readers, I have put up an image of the old share certificate.

The family was quite clueless about what should be done with these certificates. The documents contained valuable information, but stored away for many years, which the family thought was junk.

A chance conversation got us talking and he wondered if we could help?

Our team got in action and we helped the family in recovering the amounts they were entitled to. Investigations, starting on a trail, lodging succession claims at courts were done for establishing the legal claim title. The procedure took over a year but the results were `worth' it.

Moral of the story
: Do not throw any old bank statement or passbook or share certificate that might belong to your parents or grandparents. It may not be useless ? there might be some value, unknown to you and it is never too late to start working on tracing assets!

In case you need more information, please contact us through email - write to fund.tracers@gmail.com

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