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Home /Forms

/share-redemption-form

Share Redemption Form

Membership Details

Select

  • Yes
  • No

Account type

Share redemtion details

  • Yes
  • No
$

Direct payment to bank

Declaration

  • I confirm that the form is filled carefully and correctly to avoid any delays or issues in processing.
  • I confirm that ICFAL is not responsible or liable for any error in payments occurred due to wrong account details provided in this form or associated email.
  • I confirm that I have provided supporting documents for my claim of urgency and emergency against share redemption of more than $5,000 value within 30 days of submission. Generally, an emergency is defined as extraordinary financial stresses that occur in natural living situations unplanned or accidental.
  • I confirm that at any time, if total share redemption request exceeds the available liquid funds, ICFAL has the rights to defer redemption to avoid any shortfall in liquidity position.
  • I confirm that If the account is operated jointly then both members need to sign the form.
  • I confirm that ICFAL is unable to pay by cheque or cash.
  • If member is holding a Children Fund, member’s parent or official guardian needs to sign and redeem share(s) on behalf of the child member.
  • Internal transfer means transfer to another member of ICFAL or another membership number of the same member. Must provide both, beneficiary membership number and full name.
  • ICFAL strongly recommend member to keep minimum 5 shares of $100 each for active membership.
I confirm that I have met the above criteria, and I am ready to proceed with the claim.

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