Niveshak Shivir Initiative

Article Title: Niveshak Shivir Initiative

13-05-2025

Current Events Current Affairs Analysis

IEPFA and SEBI jointly convened a strategic meeting, to launch the “Niveshak Shivir” initiative to help investors reclaim unclaimed dividends and shares.

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 theMinistry of Corporate Affairs, in collaboration withSEBI.

Key Features:

oInvestor Helpdesks:On-ground support for investors to directly interact with company representatives and RTAs.

oDigital Search Tool:IEPFA provides a portal to track share status and file claims (Form IEPF-5).

oStreamlined Claim Process:Guidance for shareholders in demat and physical form to recover unclaimed assets.

Significance:

oReduces dependency on intermediaries.

oEnhances transparency in the investor recovery process.

oBoostsfinancial literacyand trust in the financial ecosystem.

oSupports faster resolution of investor grievances.

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 theMinistry of Corporate Affairs, Government of India.

Functions:

oProtects interests of investors.

oPromotes financial literacy and education.

oFacilitates refund of unclaimed dividends, matured deposits, and shares.

oManages the IEPF corpus comprising unclaimed amounts transferred by companies.

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