Searchable database for unclaimed shares needed

Check on this link for the names of any investors who were active in teh stock markets in the 1980s/1990s . The link will provide details if any investor has unclaimed shares or dividends that have been transferred to IEPF. Around 48,000 crores are currently deposited with Investor Education and Protection fund (IEPF). IEPF does not have a functional search facility & investors are left to use private searchable databases.
Once discovered there are long tedious processes to recover the shares/dividends. Whilst action has been initiated by the finance minister to create an integrated portal to make the refund process simpler I make a plea in this article in Business Standard that a transparent searchable database is a must to reduce the mountain of unclaimed assets. comments welcome.

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