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Images of Share certificates of Old Indian Companies

Wed, 21 Oct 2009 13:40:50 +0200

The Burrakar Coal Co Limited

Part of the Managing Agency House of Bird & Co, it was one of the premier Coal comapnies in eastern India, in Asansol Midnapur Jharria Belt. The company is now inoperative, its assets having been nationalised by the government in 1975.

The India Paper Pulp Company Limited

Promoted under the Indian Companies Acts of 1913, the Company was part of the leading agency House of Eastern India, The Andrew Yule Group.

Share certificate dated 8th October 1955.

The Indian Standard Wagon Company Limited

Promoted under the Indian Companies Act of 1913, the Company was part of the agency House Martin Burn Limited, an engineering conglomerate in Eastern India. Following its nationalization in April 1975, this company was merged with Burn & Co, another engineering giant to form the Burn Standard Co Limited.

The History of Burn Standard Co Limited dates back to 1781, when Burn & Co. was established on the West side of River Hooghly in Calcutta.

Share certificate dated 29th June 1962 in the name of United Industrial Bank Ltd.

Stock Certificate dated 7th April 1947 of Metal Industries Ld, a company incorporated in 1928, under the Indian Companies Act 1913. Registered in Shoranur, S Malabar, now Kerala.

Stock Certificate dated 3rd January 1945 of The Northern India Oil Industries Ld, a company incorporated under the Indian Companies Act 1913. Registered in United Provinces, now Uttar Pradesh.

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Foreign nationals did buy shares and stocks in Indian companies

Mon, 03 Aug 2009 02:03:45 +0200

Foreign nationals did buy and sell shares in Indian companies. Image of original share certificates of many such companies are enclosed.

As per the certificates, the original allotees/holder were British nationals. The dates range from 1900 to 1963. Subsequently, these shares were sold to others but definitely it established that the foreign nationals esp British did participate in the stock market activity.

The Durbhanga Sugar Co Limited

The Company was promoted in financial partnership with the Royal family of Darbhanga, whose other venture were Octavious Steel, British India Corporation and amny more
Share certificate dated 27th April 1943 in the name of Messers Fenchurch Nominees Limited of London. Fenchurch Nominees Limited is a leading Financial investor in the Global Equities market

The Equitable Coal Co Limited

The Company was part of the agency House Macneill & Co. Promoted under the Indian Companies Acts of 1882 and 1895, to exploit the coal in Asansol region of Bengal.
Share certificate dated 11th March 1937 in the name of James Macgregor Esq.

The East Indian Coal Co Limited

The Company was part of the agency House Jardine Simmer & Co.
Share certificate of Pound 1 each, dated 15th April 1909 in the name of Charles Law Biscoe. Note the address of the investor is shown as “C/o National Bank of India, Calcutta”.

The Empire Jute Company Limited

Promoted under the Indian Companies Acts of 1882 and 1910, the Company was part of the agency House McLeod & Company
Share certificate dated 10th September 1934 in the name of Calcutta Discount Co Ltd.

The Howrah Sheakhala Light Railway Company Limited

Promoted under the Indian Companies Acts of 1882, the Company was part of the agency House Martin & Company, which later on became the Martin Burn Limited
Share certificate dated 2nd April 1900 in the name of Sir T C Mowden of Heyderabad

The New Victoria Mills Co, Limited

Promoted in United Provinces (now Uttar Pradesh) under the Indian Companies Act of 1913.
Share certificate dated 14th May 1943 in the name of James Gordon Esq, of Scotland

Alcock Ashdown & Co Limited

Originally, a British owned company , incorporated under the Companies Act of 1862. It was originally owned by Turner Morison group and which went into liquidation, in mid 1970s.

One of the yards was situated atBombay next to Mazagon Dock Ltd. (MDL) engaged in ship building and ship repair and other engineering activities. The second yard was situated at Bhavnagar, The Company went into liquidation during the period 1969
to 1974 and was taken over by the govt in 1975
Share certificate dated 16th April 1963 in the name of John Leslie Boyer, Esq & Jeremy William Tait, Esq

Most of these companies have ceased to exist; but the point here is that foreign nationals from UK and mainland Europe were investing and participating in the Stock market activity in India during the early part of the 20th century and they were not the FIIs or hedge funds but common people.

If any one has any similar old certificates and wants any opinion on the same, they can write to us at fund.tracers@gmail.com

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

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Ranas hunt for ancestral treasures

Fri, 10 Jul 2009 04:17:54 +0200

News story as appeared in Kathmandu Post, a leading English language Newspaper from Kantipur Publications, Kathmandu, Nepal on Feb 24 2006

Ranas hunt for ancestral treasures
BY SURENDRA PHUYAL

NEW DELHI, Feb 24 - Several descendents of the Ranas are dusting off old documents from their 'sanduks' and shelves and are arriving in India for treasure hunting. Like the descendent of Chandra Shumsher [1901-1929] who hunted shares, debentures and assets worth nearly Indian Rs 10 million five years ago, most of them are succeeding too.

Dating back to the reign of the East India Company that ended in 1947, influential Nepali rulers, governors, their relatives, 'Bhai-bhardars' had invested millions and millions of rupees -- in shares, debentures, bank accounts and prime assets such as real estate and properties -- in India. And many of them, documents obtained by the Post reveal, have succeeded in reclaiming valuable assets and properties.

The Chandra Shumsher offspring [who wants to remain anonymous], for instance, started the treasure hunt in 1995. It all started after the a Delhi assets tracer, Jiwan Lal, found annual reports of several Indian companies -- more than half of them cease to exist today -- at his Jawalakhel residence. An enquiry was held with 24 companies that existed and "19 companies confirmed that the [Rana's] shares were still there," says the young Rana.

He's not alone. The offspring of Bir Shumsher [1885-1901] became successful in reclaiming shares and "back dividends" from 40 out of the 60 companies in India, following of course, the labyrinthine process of succession. That starts with the acquisition of a succession certificate from the high court in the area.

And it's definitely worth it. In all, the Bir Shumsher descendent reclaimed 12 million Indian rupees from the companies' shares and dividends. "After selling all his shares, today he's living happily in Kathmandu," say Jiwan Lal. "He's leading a luxurious life like many of his forefathers."

Since 1994, Jiwan Lal's firm has already helped nearly a dozen Nepalis -- most of them descendents of Rana Prime Ministers [who ruled Nepal between 1846 -1950] or their close aides such as Shahs, Thapas, Acharyas, Dixits, Joshis, Manandhars and Shresthas -- reclaim treasures "illegally siphoned away" by their rich and (in)famous forefathers.
Consider these historical facts:

*Around 1850, the 'Great Rana Prime Minister' Junga Bahadur Rana established a national treasury and deposited Rs 110 million. That treasury was indiscriminately exploited. His successor Chandra Shamsher extracted 45 million rupees on two separate occasions. Bhim Shamsher [1829-1932] exploited part of that. Later, Juddha Shamsher [1932-1945] collected a large sum of donations following the 1934 earthquake - again to exploit.

*Around that time, the wage of an unskilled laborer was just Rs 0.02 and that of an artist was Rs 0.48.

*Chandra Shamser had offered Rs 800,000 in cash, silver equivalent to Rs 2.5 million, cardamom equivalent to the sum of Rs 40,000, tea leaves equivalent to 84,699 pounds, 2 hundred jackets, 12 long coats and 220 saal trees to the British rulers around the time of World War I.

*A portion of loan was however returned after World War I [1914-1918] during Chandra Shumser's reign. After that secret deal, Chandra Shumsher distributed Rs. 90,000,000 in pure silver to each of his 9 sons, and a separate amount ranging from 20 to 40 million 'silver rupees' to each of his four surviving brothers.

*The last Rana Prime Minister Mohan Shamsher migrated to Bangalore in South India, where his palatial bungalow has been turned into a museum today. Rana Prince-turned Nepali Congress leaders Subarna Shamsher and Mahavir Shamsher inherited prime properties in Kolkata. They also owned India's first private airline, Himalayan Aviation, around the 1940s. The aircraft were also used to distribute pamphlets before 1950.

Historians (Pramod SJB Rana, Dhundi Raj Bhandari, M.P. Shrestha) conclude that the Ranas and their 'Bhai-bhardars' made investments in India because much of what they owned was ill-gotten. Things started changing after democracy came to Nepal in 1950 [Falgun 7, when King Tribhuvan returned home ending his brief exile in India]. Even so their legacy remains.

And the investors were far-sighted, too. "The Chandra Shamsher offspring, for example, continues to boast an 1852 East Indian Company debenture certificate with a face value of IRS 5,000," says Jiwan Lal. "Recently, somebody at the London Auction House offered IRS 800,000 for that, but he didn't sell it."

Currently, Jiwan Lal's firm is studying some old documents produced by a Rana and a Shrestha family, respectively. The first one -- a register, dated April 1958 -- talks about a sum total investment of IRS 169,130 in several pre-1947 Indian jute mills and tea estates. The second one -- a note book believed to have been maintained in the early 1950s -- talks about clearance of IRS 426,000 plus as tax and penalty to the Indian government.

"If this guy paid so much tax way back in the '50s he could have been a multi-billionare by now," he says, seated in his north Delhi home-cum-office. But the problem is this: much of such ancient properties and investments in India have been nationalized by the post-1947 governments.

The third most interesting bounty-hunting success story involved a Juddha Shumsher offspring from one of his house-maids-turned wife, or the "C" grade Rana. He acquired nearly Indian 8 million rupees. "He's in Kathmandu these days happy and spending time playing Bridge."

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भारतीय कम्पनीमा नेपालीको सेयर Investments in Indian companies by people from Nepal

Fri, 10 Jul 2009 04:14:10 +0200

News story as appeared in kantipur, a leading Nepalese language Newspaper from Kantipur Publications, Kathmandu, Nepal on December 16 2006

भारतीय कम्पनीमा नेपालीको सेयर
लगानीकर्ता सम्पर्कबाहिर

मुराहरि पराजुली

काठमाडौं, पुस १ - कोलकातास्थित कम्पनीका एक सेयरधनीको ठेगाना कमलपोखरी, काठमाडौं लेखिएको छ । कम्पनीले हरेक वर्ष त्यही ठेगानामा पत्र पठाउँछ तर बुझ्ने व्यक्ति फेला पर्दैन । पत्र कोलकाता र्फिर्न्छ र रद्दीको टोकरीमा जान्छ । यो क्रम वर्षौंदेखि चलिरहेको छ ।

'भारतीय कम्पनीहरूबाट यस्ता थुप्रै पत्र नेपाल आउँछन्, जसको जवाफ कहिल्यै जाँदैन,' सम्पर्कमा नआएका सेयर लगानीकर्ताको खोजीमा सात वर्षदेखि जुटेका सेयर मध्यस्थकर्ता राकेश गुजराल भन्छन् ।

उनको अध्ययनअनुसार कोलकाताका २२ कम्पनीमा ४५ नेपालीको सेयर छ । नेपालीहरूले वर्षौंअघि खरिद गरेको ४० हजार कित्ता सेयरको बजार मूल्य अहिले करिब २ करोड ८ लाख रुपैयाँ पुगेको उनले बताए । कोलकातामात्र होइन, मद्र्रास र मुम्बईका कम्पनीमा पनि नेपालीको सेयर लगानी हुन सक्ने उनको अनुमान छ । 'आउँदो तीन महिनाभित्र मुम्बईमा सूचीकृत कम्पनीमा नेपालीको सेयर रहे/ नरहेको पत्ता लगाउने मेरो योजना छ,' उनले भने- 'त्यसपछि मद्रास जान्छु ।'

गुजरालले सन् १९७० अघि भारतीय कम्पनीमा विदेशीले गरेको लगानी खोजिरहेका छन् । उनका अनुसार कोलकाताका कम्पनीमा नेपालीबाहेक श्रीलंकाली, बेलायती, प|mान्सेलीको लगानी छ । 'अहिले म नेपालीको सूची लिएर आएको छु,' उनले भने ।

उनको सूचीमा कर्णेल जनशमशेर जबरा, मिनारजंग थापा, पद्मकुमारी देवी, राजबहादुर चिपालु, दिलबहादुर श्रेष्ठ, पीयूषराज शर्मा, प्रेमकुमारी पाण्डे, बडामहारानी दिलकुमारी देवी, सोमप्रसाद उपाध्याय, सिद्धिनाथ रिमाल, नरेन्द्र सिंह आलेजस्ता नाम छन् ।

बाबुबाजेले लगानी गरेको छोरानातिलाई थाहा नभएर दोहोरो सम्पर्क नभएको उनको अनुमान छ । उनको सूचीमा भएका नाम व्यापारको सिलसिलामा कोलकाता ओहोरदोहोर गर्ने, यहाँबाट धनसम्पत्ति बोकेर लामो समयका लागि बसाइ सरेका, महावाणिज्य दूतावासमा काम गरेका उच्च अधिकारी र अध्ययनलगायत काममा ५/६ वर्ष बसेका नेपालीहरूको हो ।

हालसम्म उनले बीओसी इन्डिया, बिड्ला ग्रुप, गोयनका ग्रुप, इलेक्ट्रोस्टिल कास्टिङ, जीकेडब्लू लिमिटेड, मेहता ग्रुप, टाटा ग्रुप, तितागढ इन्डस्टि्रज र सरकारी स्वामित्वका संस्थानमा नेपालीले लगानी गरेको पत्ता लगाएका छन् । 'यी कम्पनीमा एउटै व्यक्तिको १ करोड रुपैयाँसम्म सेयर लगानी छ,' उनले भने । गुजरालले यसअघि १५ कम्पनीमा रहेको नेपाली सेयर लगानी सम्बन्धित वारेसलाई हस्तान्तरण गर्न सहयोग गरेका छन् । दुईवटा सेयर हस्तान्तरणका मुद्दा नामसारीको प्रक्रियामा छन् । सुरुमा नजिकको साथीलाई सेयर नामसारीमा सहयोग गरेपछि यस्तै खाले अरू मुद्दामा रुचि बढेको उनले बताए ।

तत्कालीन कलकत्ता सेयर बजारमार्फत कारोबार गर्ने सूचीकृत कम्पनीहरू हाल नेसनल स्टक एक्सचेञ्ज र बम्बई स्टक एक्सचेन्जमा गाभिएका छन् । बम्बई स्टक एक्सचेन्जमा हाल ७ सयभन्दा बढी कम्पनीको कारोबार हुने गर्छ ।

Posted on Kantipur Server: 2006-12-16 21:55:19

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Discovered: A Raj Pistol in an Unclaimed Locker..

Fri, 10 Jul 2009 04:13:08 +0200

A great story from the Times of India

MUMBAI: The British may have left us six decades ago but fascinating traces of empire continue to pop up in unexpected places. On Tuesday, when an unclaimed locker at the State Bank of India’s head office at Fort was finally opened, the authorities found a gun and a small pile of ammo: an automatic Mauser pistol and five magazines with 261 cartridges.

The locker, registered in the name of Lt A B Greenwood, also had a copy of The Times of India dated September 14, 1923.

Brijesh Singh, deputy commissioner of police (zone-I), said on Wednesday that the bank came across the little haul when it was checking on its unclaimed lockers. On January 27 this year, two carbines and 12 grenades, believed to have been stashed away by Khalistani terrorists, were found in a locker at the SBI’s Bandra branch. The SBI was earlier known as the Imperial Bank. The police believe that the Mauser pistol and the cartridges were placed in safe-keeping before Independence. Seven big cartridges, inscribed with ‘K-10 VIII’, a rod to clean the barrel, a wooden box, some documents and a holster were also in the locker. The Times of India copy has a prominent advertisement from Richardson & Cruddas, the 1858 engineering firm whose nameplate still dominates the factory shed at Byculla. It was nationalised in 1972.

After the general manager of the bank, Tarachand Walve, informed the MRA Marg police about the find, a team of policemen arrived on Tuesday morning to take possession of the goods.

From the documents available DCP Brijesh Singh provided additional details: ‘‘There was a letter from the deputy post master general to Greenwood acknowledging receipt of the two packets found in the locker. There was also a piece of paper which stated that the automatic pistol had been custom made for a Rajah (whose name is not mentioned) and that it cost Rs 300.

“The cartridges cost Rs 200, according to another receipt. The receipt also mentioned that the pistol was a present given to Greenwood,” Singh added.

Unfortunately, there are no personal papers to give us a lead to learning more about Greenwood’s identity or his address. But given that the weapon has lain peacefully in the locker for 83 years, the police have ruled out a possible conspiracy. The ISI has not been blamed.

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Unclaimed money in banks touches Rs 881 Cr

Fri, 10 Jul 2009 04:11:15 +0200

3 Dec 2005, 0028 hrs IST , Prabhakar Sinha , TNN
NEW DELHI: The amount of unclaimed money in bank accounts has touched Rs 880.74 crore. According to the definition of RBI, any account where the money has not been claimed for last 10 years, will be treated as unclaimed account.

Unclaimed savings acco-unts get a 3.5% rate of interest. But, uncliamed fixed deposits do not earn any interest as the contract period has already been expired and the depositor has neither renewed nor claimed the amount,
the finance ministry told the Lok Sabha.

A large number of unclaimed accounts belong to people who are no longer alive. Since the legal heirs have to go through a tedious process, as insisted by banks, to claim the amount, many of them do not claim any amount.

Particularly in case of small deposits, it is profitable not to claim the money as the cost of claiming could be higher than the mount left in the account.

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Unclaimed shares belonging to families from Sri Lanka in Indian Companies

Thu, 09 Jul 2009 13:37:35 +0200

Some SriLankan families are holding shares and stocks, bank accounts in India but the same are unclaimed. The dividends on such accounts have not been claimed for a long time.

These shares in Indian companies may have been forgotten by the shareholders/ or their families; they may have changed their address but forgotten to inform the companies of their change in address; the shareholder may have forgotten to tell his/her family about such investments; the shareholder themselves may be deceased and the family members may nothave pursued the succession proceedings; but the fact remains that these shares are unattended - the corporate benefits on them like dividends, bonuses are unclaimed for many many years.

Some of the names are KARUPPIAH ARUNSALAM PILLAI, PANNIAH CASIP PILLAI, S R THURAI, Sidambaram Vytilingam, P A Ignitius, Lilina Seelawathie Gunatilleva, Luis Charles De Soysa Pieris, N Caruppenan Pillai, Norman Edward Weerasooria, John Spencer Coats, Etc.

The shares continue to be in their names; these investments must have happened atleast 60 years back. Chances are that the shareholder may have been deceased or too old. The dividends on such accounts is outstanding for many many years. The shareholder/ legal heirs would be entitled to the same.

We can help you in claiming the shares if the shareholder is deceased and you are a legal heir. We can provide you our services of tracing the assets and initiating the legal procedures in India to claim the same.

In order to contact us, please go to our website www.fundtracers.com and contact through that site. or email at fund.tracers@gmail.com

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How to trace shares and securities in Indian companies

Thu, 09 Jul 2009 13:36:08 +0200

Ever wondered what `that old Annual report’ of an Indian company was doing among the old papers and records of your parents, or grandparents?

When you were young, you recollect your family receiving bulky annual reports, correspondences, dividends etc from companies in India. Those thick books with pictures of factories, office buildings and lots of numerical figures and accounts – things you were too young to understand, but enjoyed playing with them.

Or those thick sheets of paper called `share certificates’ with the Victorian kind of colorful designs printed on them and names written in `calligraphy’ design that your family used to keep safely.

Or the chat your father or grandfather would have with his colleagues about Indian stock markets. You fondly recollect it now, but that time as a child you could never understand that.

The above instances and many more can be recalled by many people today but they do not know the exact reason for this – Was someone in the family, investing in Indian stock markets and Indian companies? You recall that in 1950’s your father or grandfather or one of your uncles used to visit Calcutta on business purpose or was in the army and used to frequently travel there. Or may be you recall faintly that they used to bank there.

But the crucial question remains unanswered – was any one investing in the stocks?

There are lots of people who would have had the above experience. They have similar recall or recollection but no definite answer. Even if they want to pursue the matter, they have no idea how to go about it. Neither are those old papers and records available – well, as some one in Pokhra had stated who was trying to pursue the matter said ‘we used to take out pages from those books and make paper planes’. The papers and records were trashed as useless, after the demise of the investor. Those who made the investments may be they forgot to tell their wife, children, or family about it. You don’t even know if there still exist investments in any of the companies in India in the name of your parents or grandparents.

Is it a dead end for such people? Not necessarily.

Help is at hand.

Fund Tracers specializes in tracing assets for people. Located in New Delhi, India we are the only company in India that works exclusively on tracing assets like shares, securities, bank accounts, etc., and facilitating the legal procedures to enable the rightful owners claim the same.

There are a number of reasons why families may not be aware of such investments. Shares may become untraceable for other reasons too – the company may change its name, it may have got merged with another or it may have become sick and / or gone into liquidation. Also, over the years the geography of your town has changed. The old addresses of fifties that are on record with Indian companies are no more valid. All communication from Indian companies never gets delivered and is returned.

The investments happened in sectors as varied as Engineering, Railways, Banks, Coal, Jute, etc.

Our is to trace such companies and help the investors claim their rightful benefits in them. Where the shareholder is deceased, they facilitate the legal procedures in Indian courts to enable the legal heirs to claim succession to such assets.

We are constantly updating the database of unclaimed assets in India, held by people from across the globe – Britain, Europe, Nepal, Burma, Africa, etc., that are unclaimed. They have helped numerous families from India, Nepal, Burma, Ceylon, England etc in claiming shares & securities, bank accounts etc that they were entitled to claim. Believe it or not, some of the assets they have tracked down were as old as 80 years!

The shares continue to be in the names of the original shareholder; these investments must have happened atleast 60 years back. Chances are that the shareholder may have been deceased or too old. The dividends on such accounts is outstanding for many many years. The shareholder/ legal heirs would be entitled to the same.

In order to contact me, please go to my website www.fundtracers.com and contact me through that site or write me a mail at fund.tracers@gmail.com for more information.

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Some European families who are holding shares and stocks in Indian companies

Thu, 09 Jul 2009 13:33:38 +0200

Unclaimed shares belonging to European families in Indian Companies

Many European families are holding shares and stocks in India but the same have been unattended and unclaimed for many-many years. The dividends on such accounts have not been claimed for a long time.

These shares in Indian companies may have been forgotten by the shareholders/ or their families; they may have changed their address but forgotten to inform the companies of their change in address; the shareholder may have forgotten to tell his/her family about such investments; the shareholder themselves may be deceased and the family members may not have pursued the succession proceedings or found the legal procedures in India cumbersome; but the fact remains that these shares are unattended - the corporate benefits on them like dividends, bonuses are unclaimed for many many years.

Some of the names are Barreto Luis Norberto Sebastiao of Portugal, Charles Goldstein of Switzerland, Chritian Hover, E Holm Hansen, Michaela Hover, Sophus Rudinger, Vibeke Lund of Denmark, Evie Toyberg Frandzen from Sweden; there are many many more from Germany, France, Malta Etc.

We can help you in claiming the shares if the shareholder is deceased and you are a legal heir. We can provide you with our services of tracing such assets and initiating the legal procedures in India to claim the same.

In order to contact us, please go to our website www.fundtracers.com and contact through that site. or email at fund.tracers@gmail.com

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Many Nepalese people are holding shares and stocks in India

Thu, 09 Jul 2009 13:32:17 +0200

There are many Nepalese people and families who are holding shares and stocks in India but the same are unclaimed / unattended for many many years. The dividends on such accounts have not been claimed for a long time.

These shares in Indian companies may have been forgotten by the shareholders/ or their families; they may have changed their address but forgotten to inform the companies of their change in address; may be the shareholder is deceased and the shareholder may have forgotten to tell his/her family about such investments; or the families may be aware of such investments but they find the legal claim procedures in India too cumbersome. But the fact remains that these shares are unattended - the corporate benefits on them like dividends, bonuses are unclaimed for many many years.

Generally the investments in India were done by people from affluent families from Kathmandu - the main reason being the political & socio-economic set up in Nepal since mid 19th century to mid 20th century while Ranacracy prevailed. People related to the Rana families, senior officials in the administration, Gorkha army as well as Business people mainly held investments. Some of the names are Nrip Jung Rana, Achyut Raj Shreshtha, Bada Maharani Deela Kumari Devi (wife of Bhim Shumshere), Sri Raj Bahadur Chipalu, Purna Rajya Lakshmi, Narendra Singh Alay, Krishna Panta, Sarat Kumari Ghosh, Durga Rimal, Vishnu Chintaman, Kharidar Singh Man; there are many many more who still hold investments in Indian companies.

Nepalese investments in India started during the British times, prior to 1947. The British administration in India and the Nepalese administration had close relationship. The initial investors were people either in the armed forces or administrators, businessmen.

The shares continue to be in their names; these investments must have happened atleast 60 to 80 years back. It is quiet possible that the shareholder may have been deceased or too old. The dividends on such accounts is outstanding for many many years. The shareholder/ legal heirs would be entitled to the same.

In order to contact us, please go to our website www.fundtracers.com and contact through that site or write at fund.tracers@gmail.com for more information.

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Some British people who are holding shares and stocks in India

Thu, 09 Jul 2009 13:29:56 +0200

Some British people who are holding shares and stocks in India

There are many people from Britain who are holding shares and stocks in India but the same are unclaimed. The dividends on such accounts have not been claimed for a long time.

These shares in Indian companies may have been forgotten by the shareholders/ or their families; they may have changed their address but forgotten to inform the companies of their change in address; the shareholder may have forgotten to tell his/her family about such investments; the shareholder might be deceased and the family/ heirs may not be aware of the legal procedures to claim the same or find the procedure cumbersome; but the fact remains that these shares are unattended - the corporate benefits on them like dividends, bonuses are unclaimed for many many years.

The shares continue to be in their names; these investments must have happened at least 60 years back. Chances are that the shareholder may have been deceased or too old. The dividends on such accounts is outstanding for many many years. The shareholder/ legal heirs would be entitled to the same.

Some of the people in wgose names investments have been found are - Mrs Alma Mathilda Greenhalgh of Surrey, Richard Allan Forrester of Dawlish. Jessica Amelia Payling of Essex, Robert Ernest Whittle of London, Alison M Pringle of Moffat, Lt Col D L Graham, Sussex, Audrey D Thurlow of Essex, Jogn Wallace Grant of Essex, John Alexander Gemmel of Middlesex, Elizabeth Janet Cowie of Glasgow , Noel Kirwan of Sussex, Mah Tai Paton of Kent, Marion Emin Gregory of London, Thomas Bertram Radley of Berkshire etc. But there would be many many more.

In order to contact us, please go to our website www.fundtracers.com and contact through that site. or email at fund.tracers@gmail.com

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Are you trying to trace old Indian companies or missing old companies and investments ?

Thu, 09 Jul 2009 13:28:26 +0200

Unknown to many people, there are huge unclaimed funds in India that are locked up in Shares and securities of listed Indian companies, bank accounts & deposit accounts, insurance policies, properties etc. It is not just the resident Indians but even foreign nationals including nationals from Nepal, Burma, South Africa, England, Mainland Europe that are entitled to missing, unclaimed or forgotten fortunes in India

Lots of foreigners find it difficult to trace assets in India that were acquired by their family elders and ancestors. As already mentioned, Lots of people from Nepal, Burma, Africa, England, Europe, USA, Canada etc., are holding equity shares in Indian companies. These were acquired during the initial years of the 20th century till probably the mid sixties. British invested in the shares of Indian companies as well as property during the period of the British Raj – when the British were running the government, Armed forces, business houses and companies in India. Likewise, people from Nepal, Burma, Sri Lanka. Mainland Europe and Africa who had business interests in India also invested in shares, lands and buildings. Most of them may be deceased or they may have changed address and lost contact with the company but the shares still exist in their names.

Shares may become untraceable for a variety of reasons – the company may change its name, it may have been merged with another, or it may have become sick and / or gone into liquidation. Or simply the person who bought the shares or operated the bank account forgot to inform their family or records were misplaced and the family may not be aware of the same.

The person who opened and operated the account may have forgotten to tell his/her family members about the account; or may be the person moved address and forgot about the bank account. There have been instances where people moved overseas from India and lost track of their lands etc.

Contact us if you feel that you, or any of your family elders or relatives hold any assets in India – they may be deceased or may have forgotten about their investments. Register with us so that we may do a database check.

In order to contact us, please go to our website www.fundtracers.com and contact through that site. or email at fund.tracers@gmail.com

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Do you believe your family has/had any wealth in India and there is no trace of it?

Thu, 09 Jul 2009 13:27:04 +0200

I have done extensive research on unclaimed or unattended assets in India. These are owned primarily by persons of British origin and have been there since early Twentieth Century. Many of the owners may not be alive, and at the same time, the claimants may not even be aware that they have any entitlement in India.

In order to contact me, please go to my website www.fundtracers.com and contact me through that site. or email me at fund.tracers@gmail.com

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