Share Recovery Agent in Patna
Patna had a stock exchange of its own until 2019, a large salaried population, and families whose children have spread across every Indian metro. Each of those shows up in the claims we handle here.
The work runs remotely, and there is no advance professional fee.
Serving Patna, Bihar · Patna district from our Gurugram officeReviewed 8 October 2026
Government service, a local exchange and a dispersed family
As Bihar’s capital, Patna concentrates the households that subscribed most reliably to the public issues of the 1980s and 1990s — government servants, teachers, bank and railway staff on steady incomes. Their holdings are modest, spread across several companies, and frequently unknown to the next generation.
The Magadh Stock Exchange operated from Patna and was one of the last regional exchanges to go, granted exit by SEBI in May 2019. Shareholders in companies listed only there face the same question as in other exchange towns: what became of the company — national listing, merger, renaming or dormancy.
The defining Bihar pattern, though, is dispersal. It is ordinary for a Patna folio to belong to a parent whose children live in Delhi, Bengaluru, Pune and the Gulf. All of them are heirs, all must be accounted for, and the documents have to come from wherever each one is.
What Bihar families need to produce
In Bihar heirship is usually evidenced by a vanshavali (family-tree) certificate, applied for through an RTPS counter or the state’s online service portal and issued at circle level after local verification. 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 vanshavali certificate through RTPS, 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 Patna
How a Patna 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 Patna 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 Patna
Claims are handled remotely across Bihar, with documents collected by courier and identity verified over video. There is no need to travel to our office.
- Danapur
- Phulwari Sharif
- Barh
- Masaurhi
- Bihta
- Fatuha
Questions from Patna
Do you have an office in Patna?
No. Our only office is in Gurugram, and we serve Patna 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 Magadh 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 Patna files.
What is a vanshavali certificate, and do we need one?
It is a family-tree certificate that evidences who the heirs are, and in Bihar it is the usual heirship document. You will only need it — or a succession certificate — if the holding is above SEBI’s simplified limits. Below them, an indemnity bond and NOCs from the other heirs are generally enough.
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.