Many Nepalese people are holding shares, stocks and bank deposit accounts in India
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.
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 write at fund.tracers@gmail.com for more information.