Share Recovery Agent in Ludhiana
Ludhiana had its own stock exchange, a dense industrial economy and one of the largest overseas diasporas in India — and all three shape the share claims that come out of it. We recover old certificates, dormant folios and IEPF holdings for Ludhiana families wherever they now live.
The work runs remotely, including for heirs in Canada, the UK and Australia. There is no advance professional fee.
Serving Ludhiana, Punjab · Ludhiana district from our Gurugram officeReviewed 8 October 2026
A stock exchange of its own, and a diaspora of its own
Ludhiana’s hosiery, bicycle, auto-component and engineering industries were built by family firms, and many raised capital locally on the Ludhiana Stock Exchange rather than in Mumbai. Local investors — suppliers, dealers, employees, neighbours — bought into them. When SEBI’s exit policy wound up the regional exchanges, Ludhiana was the eighth to exit, at the end of 2014.
Shareholders in companies listed only in Ludhiana were left holding certificates with no market. Those shares were not cancelled: companies listed exclusively on an exiting exchange were placed on a Dissemination Board on the national exchanges, and many have since listed nationally, merged or been renamed. Establishing which applies is the first piece of work on a Ludhiana file.
The other defining feature is emigration. It is entirely normal here for every heir to a folio to live in Brampton, Surrey or Southall, while the certificates sit in a house in Ludhiana. That changes the attestation route and the demat account type — an NRO account — not the right to claim.
What Punjab families need to produce
In Punjab the legal heir certificate is issued at tehsil level and applied for through a Sewa Kendra, after local verification of the family. Succession certificate petitions go to the district court where the deceased ordinarily lived.
In many cases no such certificate is needed. SEBI’s simplified transmission route covers holdings up to ₹10 lakh per company in physical form and ₹30 lakh in demat, on a notarised indemnity bond and an affidavit-cum-NOC from the other legal heirs.
- Death certificate, SEBI’s transmission request form (Annexure-3) and the claimant’s KYC documents
- Notarised indemnity bond and affidavit-cum-NOC from the other legal heirs
- A legal heir certificate through a Sewa Kendra, or a succession certificate, only above SEBI’s limits
- A demat account in the claimant’s name, with a Client Master List under two months old
What we handle for clients in Ludhiana
How a Ludhiana claim actually runs
Five stages, the same wherever you are. Nothing here needs you to travel, and nothing is billed until the last one.
- 1
Free assessment
You send whatever you have — a certificate, a folio number, a name, sometimes only a company. We tell you what exists and what it is likely worth before you commit to anything.
- 2
Tracing and confirmation
We search the IEPF records and write to the registrar to confirm the holding, the corporate actions applied to it since, and who it currently stands in the name of.
- 3
Documents assembled
Death certificate, heirship evidence, indemnity bond, NOCs, KYC and the demat account details — prepared in the order the registrar and the company will want them.
- 4
Filing and follow-up
Form IEPF-5, the transmission request or the duplicate issue is filed, and we chase the company Nodal Officer and the Authority until the verification report moves.
- 5
Shares credited
The securities are credited directly to your own demat account. Our fee becomes payable at this point, and not before.
Zero advance fee — what Ludhiana clients pay, and when
We charge no advance professional fee. Our fee is a percentage agreed with you before we start, payable only once the shares or dividends have reached your own demat or bank account. If nothing is recovered, you owe us no professional fee at all.
- Nothing to pay for the assessment, and nothing while the claim is running
- The percentage is fixed in writing before any work starts — it does not move later
- Statutory and third-party costs — stamp duty, notary, court fees, newspaper notices — are paid by you at actuals, with receipts
- Shares are credited to your account, never to ours; we never take custody of your securities
Anyone who asks you for money before a claim has been assessed is worth walking away from. Read the full fee policy.
Areas we cover around Ludhiana
Claims are handled remotely across Punjab, with documents collected by courier and identity verified over video. There is no need to travel to our office.
- Khanna
- Jagraon
- Samrala
- Raikot
- Doraha
- Mullanpur
Questions from Ludhiana
Do you have an office in Ludhiana?
No. Our only office is in Gurugram, and we serve Ludhiana remotely — documents by courier, identity verified over video, shares credited to your own demat account. We do not claim branches we do not have.
My shares are in a company that was listed only on the Ludhiana Stock Exchange.
The exchange winding up did not cancel your shares. When SEBI let the regional exchanges exit, companies listed only on them were given a Dissemination Board on the national exchanges, and many later listed nationally, merged or were renamed. We trace what became of the company through the registrar and MCA records before you spend anything — that is the first real task on most Ludhiana files.
All the heirs live in Canada. Does someone have to fly back?
No. Canada joined the Apostille Convention in 2024, so documents signed there are apostilled rather than taken to the consulate; shares are credited to an NRO demat account, and a power of attorney lets someone in India deal with the registrar.
Could I do this myself?
Yes. The IEPF Authority’s records can be searched free and Form IEPF-5 can be filed by anyone on the MCA portal at no cost. We charge for assembling the documents, handling registrar and company verification and following it through — not for access to something that is public.
What will it cost, and when?
Nothing in advance. A percentage agreed with you in writing before we start becomes payable only after the shares reach your own demat account. Statutory costs — stamp duty, notary, court fees, newspaper notices — are paid by you at actuals, with receipts.