NewzVille Desk
The Investor Education and Protection Fund Authority (IEPFA), under the Ministry of Corporate Affairs, in collaboration with the Securities and Exchange Board of India (SEBI), launched the pilot chapter of Niveshak Shivir in Pune on Sunday. The initiative is a part of IEPFA’s continued mission to empower investors and strengthen financial literacy. The event marked a significant step in facilitating direct engagement with investors and addressing unresolved financial claims.
Niveshak Shivir was conceptualised to assist investors in resolving pending issues related to unclaimed dividends and shares, updating KYC and nomination details, and facilitating faster settlements of claims – all under one roof.
Over 450 claimants participated enthusiastically in the event, which attracted investors and stakeholders from Pune and nearby regions. Dedicated service desks were established to assist attendees effectively with:
- Claiming dividends and shares that have remained unclaimed for over six to seven years;
- On-the-spot updating of KYC and nomination details;
- Prompt resolution of claim-related issues.
By bringing together representatives from MIIs (Market Infrastructure Institutions), Registrars and Transfer Agents (RTAs), Depositories and Depository participants, the event successfully created awareness of the processes, thereby ensuring a transparent and seamless awareness towards demat of physical shares, updating KYC and nomination and the processes of IEPF claim were demystified. Investors were guided through every step of the process by trained officials at nineteen dedicated kiosks.
To further streamline the process, ‘Search facility’ was made available at the venue, enabling participants to quickly check whether they or their family members had held any unclaimed shares or dividends. Once verified, trained officials assisted claimants in accurately filling out the IEPF-5 form, ensuring a smooth and guided claim submission process.
GoI established the Investor Education and Protection Fund Authority (IEPFA) under the Ministry of Corporate Affairs. Its mandate is to promote investor awareness, ensure effective grievance redressal, and facilitate the recovery of unclaimed investments through accessible and user-friendly platforms.
