'Dhirubhai Ambani’s sign wasted': Chandigarh man abandons decades-old Reliance shares over bureaucratic hurdles!

While drawing his home, Rattan Dhillon from Chandigarh stumbled upon decades-old physical share instruments of Reliance diligence Ltd (RIL). still, his excitement soon turned to frustration when he discovered the clumsy process of digitising them.

What is Red Tape recording?

Dhillon participated on social media that carrying a legal heir at law instrument alone takes 6- 8 months, while the Investor Education and Protection Fund Authority( IEPFA) blessing could drag on for 2- 3 times. demoralized, he declared," Dhirubhai Ambani’s autographs will go to waste", deciding to abandon the process.

Social Media reacts

His post stirred a heated debate on X( formerly Twitter). Some users disputed his claims, stating that with professional help, the process could be completed in months or even less than that.While others prompted him to review, pointing out that stock splits and commission may have significantly increased his effects.

I wasn’t very familiar with the stock market, and while some misled me, thousands genuinely helped me navigate the process. A big thanks to IEPFA @authorityiepf for guiding me in processing to retrieve my 37-year-old stocks—they were incredibly responsive. Grateful to… https://t.co/sDt1uPKQgj

— Rattan Dhillon (@ShivrattanDhil1) March 13, 2025

Will Dhillon review?

India’s strict fiscal laws bear expansive verification to help fraud, making share recovery a lengthy and complex process. still, experts suggest that with company registers and legal counsels, the timeline can be docked. For now, Dhillon has chosen to hold onto the instruments, but with mounting pressure from social media, he may give it another shot. His case has reignited conversations on the need to streamline share digitization in India.