In a step forward to enhance investor services and streamline the claims process, the Investor Education and Protection Fund Authority (IEPFA), under the aegis of the Ministry of Corporate Affairs, Government of India, convened a preparatory meeting with Nodal Officers of stakeholder companies through video conference on April 28, 2025 chaired by Smt. Anita Shah Akella, Chief Executive Officer, IEPFA. This meeting was aimed at finalizing operational details for "Niveshak Shivir" - a collaborative initiative of IEPFA and the Securities and Exchange Board of India (SEBI). It was decided that Niveshak Shivir will be organised in the cities having large number of investors whose dividends are lying unclaimed with Companies for a period of six to seven years. As part of this initiative, selected companies with highest number of investors in unclaimed dividend account will be invited to set up dedicated kiosks at these events to assist investors directly.

 

"Niveshak Shivir" has been conceived to simplify procedures for claiming unclaimed dividends and shares, improve financial literacy among investors, and ensure direct and transparent access to investor services. By facilitating direct interaction with companies and Registrars and Transfer Agents (RTAs), and by offering immediate grievance redressal support, this initiative is set to significantly reduce investors' dependency on intermediaries and mitigate risks of fraud and misinformation.

The strategic meeting outlined the pilot phase of the initiative, which will be launched in Mumbai and Ahmedabad in May 2025. These camps will serve as one stop comprehensive helpdesks where investors can update their KYC and nomination details, check the status of their unclaimed assets and receive guided assistance for reclaiming their investments - whether assets are still with companies or have been transferred to IEPFA.

Officials from IEPFA, SEBI, companies, and RTAs will be present on ground to assist investors, ensuring a robust and supportive framework. Pre-registration for the camps will be enabled through a QR code-linked Google Form, with additional logistic support extended by regional offices of ICAI and SEBI.

About IEPFA

The Investor Education and Protection Fund Authority (IEPFA) is committed to promoting investor awareness and protection in India through various educational initiatives and strategic collaborations, ensuring an informed and secure investing populace.

Find out more at: https://www.iepf.gov.in/content/iepf/global/master/Home/Home.html

 

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