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It all started when we visited a Registrar’s office on a personal work. There was this middle aged lady shouting at the top of her voice, “How many times you will return the documents after every three or four months. It is more than three years. Every time we do what you suggest and every time you reject”. We came back and did our research.
Yes. It is a huge problem and people are groping in darkness trying to retrieve their own wealth. The problem is crying for professional service and Golden Egg Financial services was born as a division of SMB Enablers Private Limited.
Since you are here, you may already have the experience. There are many reasons why this happens. Change of house and address, Change of Marital status, Shear human forgetfulness, Loss of original share certificate, Owner dies and legal heirs do not know about it or do not know what to do with it, Typos in shares during pre-computer era Estate disputes and much of water has flown under the bridge among stakeholders, Government Custody during special circumstance such as what is known as the securities scam of the eighties, Unable to cope with the complexity involved in transfer and transmission of share etc.
Whatever be the reason, you are deprived of your legitimate wealth. And you, in the right place. So long as you are the legal heir or share is yours, no body can stop you from getting it. If you prefer, we will get it for you.
We started off by creating a database based on publicly available data and started reaching out to people who may need the services. On an average, today, we touch base with at least five people who may have this problem. We have reached out to over 500 people and in the first year of operation we converted over Rs.25 crores and we have a work in progress of about Rs.50 crores.
And we hope you are our next client.
We charge the fee on both dividend and value of shares retrieved. This is a pure success fee and nothing upfront. Well, not really. We charge a token retainer fee of Rs.1000 plus GST @.
However, there are a few expenses that will have to be met by the client upfront.
There are cases when surety of one or two individuals for the value of shares are needed. It will be client’s responsibility to provide the same.