<span style="color: #222222;">In a major step towards the mission of Ease of Living and Ease of Doing Business, the Ministry of Corporate Affairs (MCA) has further simplified the claim settlement process. MCA has said, for claimants, requirement of Advance Receipt has been waived off, requirement of Succession Certificate has been relaxed up to  5,00,000 five lakh rupees both for Physical and DEMAT shares. Notarization of documents has been replaced with self-attestation and requirements of Affidavits and Surety relatively have been eased.<br />''<br />''For companies, requirement of attaching documents related to Unclaimed Suspense Account has been eased and companies have been given flexibility to accept transmission documents, Succession Certificate as per their internal approved procedures. Till date, Investor Education and Protection Fund Authority (IEPFA) has approved more than 20,000 claims refunding more than 1.29 crore shares. IEPFA works under the administrative control of MCA.</span><br />