Niveshak Shivir Initiative
Kartavya Desk Staff
Source: PIB
Context: IEPFA and SEBI jointly convened a strategic meeting, to launch the “Niveshak Shivir” initiative to help investors reclaim unclaimed dividends and shares.
About Niveshak Shivir Initiative:
• What it is: A nationwide investor assistance and outreach program to help investors reclaim unclaimed dividends and shares with ease.
• Launched by: Investor Education and Protection Fund Authority (IEPFA) under the Ministry of Corporate Affairs, in collaboration with SEBI.
• Key Features: Investor Helpdesks: On-ground support for investors to directly interact with company representatives and RTAs. Digital Search Tool: IEPFA provides a portal to track share status and file claims (Form IEPF-5). Streamlined Claim Process: Guidance for shareholders in demat and physical form to recover unclaimed assets.
• Investor Helpdesks: On-ground support for investors to directly interact with company representatives and RTAs.
• Digital Search Tool: IEPFA provides a portal to track share status and file claims (Form IEPF-5).
• Streamlined Claim Process: Guidance for shareholders in demat and physical form to recover unclaimed assets.
• Significance: Reduces dependency on intermediaries. Enhances transparency in the investor recovery process. Boosts financial literacy and trust in the financial ecosystem. Supports faster resolution of investor grievances.
• Reduces dependency on intermediaries.
• Enhances transparency in the investor recovery process.
• Boosts financial literacy and trust in the financial ecosystem.
• Supports faster resolution of investor grievances.
About Investor Education and Protection Fund Authority (IEPFA):
• What it is: A statutory authority established under Section 125 of the Companies Act, 2013.
• Ministry: Functions under the Ministry of Corporate Affairs, Government of India.
• Functions: Protects interests of investors. Promotes financial literacy and education. Facilitates refund of unclaimed dividends, matured deposits, and shares. Manages the IEPF corpus comprising unclaimed amounts transferred by companies.
• Protects interests of investors.
• Promotes financial literacy and education.
• Facilitates refund of unclaimed dividends, matured deposits, and shares.
• Manages the IEPF corpus comprising unclaimed amounts transferred by companies.