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The Investor Education and Protection Fund Authority (IEPFA) of the Ministry of Corporate Affairs (MCA), Government of India, in partnership with the Securities and Exchange Board of India (SEBI) has made an announcement regarding the rollout of Niveshak Shivir - a pilot initiative.
The first pilot camp of Niveshak Shivir will take place on 1 June 2025 at Pune. It will begin at 10:00 AM and end around 4:00 PM. This initiative seeks to give investors direct access to investor services and act as a one-stop shop for resolving problems pertaining to unclaimed dividends and shares.
IEPFA hopes to provide the following as part of this program: facilitating unclaimed dividends that have been held for six to seven years directly, on-the-spot KYC and nomination updates, settlement of outstanding IEPFA claim concerns.
By encouraging direct communication between investors, businesses, and Registrars and Transfer Agents (RTAs), Niveshak Shivir seeks to do away with middlemen while simultaneously offering a dedicated channel for resolving investor complaints. Through special kiosks during the event, stakeholder companies with sizable amounts of unclaimed dividend accounts will be invited to take part.
The first of several Shivirs scheduled to be implemented in places with significant concentrations of unclaimed investment will be the Pune pilot. These outreach initiatives demonstrate IEPFA's dedication to building a safe, open, and investor-focused economy. From 10:00 AM to 4:00 PM, the first pilot camp will be held at Lemon Tree, City Center, 15 & 15A, Connaught Rd, Modi Colony, Pune, Maharashtra.
The following link will allow interested individuals to register for the initiative: Registration Link.
Through educational programs and strategic partnerships, the Investor Education and Protection Fund Authority (IEPFA) is committed to promoting investor protection and awareness in India.
For more information, you can visit the official website of IEPF!
Source: PIB
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