Share Recovery Agent in Madhya Pradesh
Madhya Pradesh combines an old trading economy in the Malwa belt with a large salaried and public sector workforce, and both put share certificates into households that later lost track of them. We recover those holdings.
The work is handled remotely, with no advance professional fee.
Serving Madhya Pradesh from our Gurugram officeReviewed 25 September 2026
Malwa trading money and a regional exchange that closed
Indore’s trading families and the textile economy that once defined the city produced a dense base of small retail shareholdings, spread across a large number of households. Bhopal, Gwalior and Jabalpur added a different kind: government servants and public sector employees on stable incomes who subscribed to the public issues of the 1980s and 1990s and then simply held.
The state’s distinguishing complication is the regional exchange. Companies with a local character listed in Indore rather than Mumbai, and investors bought accordingly. When SEBI’s exit policy ended trading on the regional exchanges, those shareholders were left holding certificates in companies with no market anywhere. Some of those companies are listed nationally today, some merged into larger groups, and some are dormant or struck off.
Establishing which of those applies is the first real work on such a file, and it is done through registrar and MCA records — not by guessing from the certificate.
What Madhya Pradesh families need to produce
In Madhya Pradesh the legal heir certificate is issued by the Tehsildar and applied for at a Lok Seva Kendra, which brings it within the state public service guarantee timetable. The Patwari verifies the heirs locally.
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 Tehsildar’s legal heir certificate from a Lok Seva 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 Madhya Pradesh
How a Madhya Pradesh 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 Madhya Pradesh 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 Madhya Pradesh
Claims are handled remotely across India, with documents collected by courier and identity verified over video. There is no need to travel to our office.
- Indore
- Bhopal
- Gwalior
- Jabalpur
- Ujjain
- Sagar
- Dewas
- Ratlam
Questions from Madhya Pradesh
Do you have an office in Madhya Pradesh?
No. Our office is in Gurugram and we serve Madhya Pradesh remotely, by courier and video verification. We do not claim branches we do not have.
Which parts of Madhya Pradesh do you cover?
The whole state. We have detailed pages for Indore and Bhopal, and the same remote process serves Gwalior, Jabalpur, Ujjain, Sagar, Dewas and the smaller districts.
The company on my certificate cannot be found on any exchange.
That is common here because of the regional exchange history. It does not mean the shares are worthless — it means the company has to be traced first, through registrar records and MCA master data, before anyone decides whether a claim is worth making.
Could I do this myself?
Yes. The IEPF Authority’s records can be searched free and Form IEPF-5 can be filed by anyone. We charge for assembling the documentation, 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. An agreed percentage of the recovered value is charged after the shares reach your demat account, and government or third-party costs are paid by you at actuals.