Daijiworld Media Network - New Delhi
New Delhi, May 11: The Securities and Exchange Board of India (SEBI) and the Investor Education and Protection Fund Authority (IEPFA) have joined forces to launch ‘Niveshak Shivir’, a nationwide investor assistance drive aimed at simplifying the recovery of unclaimed dividends and shares, enhancing financial literacy, and reducing dependence on intermediaries.
A strategic preparatory meeting for the initiative was held in Mumbai, bringing together major stakeholders including NSE, BSE, NSDL, CDSL, and top Registrars and Transfer Agents (RTAs) like Link Intime and KFin Technologies.
What Niveshak Shivir Offers:
• On-ground Helpdesks: Investors will receive end-to-end support directly from company representatives and RTAs.
• Ease of Recovery: The initiative is designed to make reclaiming unclaimed financial assets more accessible and transparent.
• Investor Education: The programme also aims to spread awareness on protecting one’s financial interests and reducing reliance on third-party agents.
Important Steps for Shareholders:
• Demat Shareholders: Contact your company directly if your shares are due for transfer to IEPFA.
• Physical Shareholders: Check the IEPFA website to verify share status. If shares are already transferred, submit Form IEPF-5 to claim them.
• Search Tool Available: IEPFA provides an online facility to help investors confirm whether their shares are still with the company or already moved to IEPFA.
This investor-friendly step by SEBI and IEPFA is expected to significantly improve transparency, recovery efficiency, and shareholder confidence.