IEPFA Holds Preparatory Meeting with Stakeholder Companies for Niveshak
In a significant move to enhance investor services and streamline the claims process, the Investor Education and Protection Fund Authority (IEPFA) held a preparatory meeting on April 28, 2025. Chaired by CEO Smt. Anita Shah Akella, the meeting brought together Nodal Officers from various stakeholder companies via video conference. The primary focus was to finalize operational details for “Niveshak Shivir,” a collaborative initiative with the Securities and Exchange Board of India (SEBI), aimed at assisting investors with unclaimed dividends and shares.
Launch of Niveshak Shivir
The “Niveshak Shivir” initiative is designed to simplify the process of claiming unclaimed dividends and shares while enhancing financial literacy among investors. This program will be implemented in cities with a high number of investors whose dividends have remained unclaimed for six to seven years. Selected companies with the largest number of unclaimed dividend accounts will set up dedicated kiosks at these events, providing direct assistance to investors. This initiative aims to foster direct interaction between investors and companies, as well as Registrars and Transfer Agents (RTAs), thereby reducing reliance on intermediaries and minimizing the risk of fraud and misinformation.
Details of the Pilot Phase
The strategic meeting outlined the pilot phase of the “Niveshak Shivir,” which is set to launch in Mumbai and Ahmedabad in May 2025. These camps will serve as comprehensive helpdesks where investors can update their Know Your Customer (KYC) and nomination details, check the status of their unclaimed assets, and receive guidance on reclaiming their investments. This includes assets that remain with companies as well as those transferred to the IEPFA. The presence of officials from IEPFA, SEBI, companies, and RTAs at these camps will ensure that investors receive robust support and assistance.
Pre-registration and Logistics
To facilitate participation, pre-registration for the camps will be available through a QR code-linked Google Form. Additionally, logistical support will be provided by the regional offices of the Institute of Chartered Accountants of India (ICAI) and SEBI. This organized approach aims to create a streamlined experience for investors, ensuring they have access to the necessary resources and support to reclaim their unclaimed dividends and shares effectively.
About IEPFA
The Investor Education and Protection Fund Authority (IEPFA) is dedicated to promoting investor awareness and protection in India. Through various educational initiatives and strategic collaborations, IEPFA aims to ensure that investors are informed and secure in their investment decisions. For more information, visit the official IEPFA website.
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