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India Gazette
11-05-2025
- Business
- India Gazette
SEBI, Corporate Affairs Ministry initiate 'Niveshak Shivir' to assist and educate investors
New Delhi [India], May 11 (ANI): Market regulator Securities and Exchange Board of India (SEBI) and the Investor Education and Protection Fund Authority (IEPFA), under the Ministry of Corporate Affairs, convene a strategic preparatory meeting in Mumbai for Niveshak Shivir initiative. Niveshak Shivir - a nationwide investor assistance initiative aimed at enabling investors to reclaim unclaimed dividends and shares with greater ease, improving financial literacy and reducing reliance on intermediaries. The initiative will feature dedicated helpdesks, allowing investors to interact directly with company representatives and Registrars and Transfer Agents (RTAs) for end-to-end assistance. The 'Niveshak Shivir' initiative will commence later this month in Mumbai and Ahmedabad, with plans to expand to other cities with high volumes of unclaimed investor assets. The meeting was attended by Anita Shah Akella, CEO of IEPFA and Joint Secretary in the Ministry of Corporate Affairs, along with IEPFA officials; Ananth Narayan G., Whole-Time Member, SEBI; Shashi Kumar Valsakumar and Jeevan Sonparote, Executive Directors, SEBI; and other SEBI officials. Representatives from key financial market infrastructure institutions were also present, including the National Stock Exchange (NSE), Bombay Stock Exchange (BSE), National Securities Depository Limited (NSDL), Central Depository Services Limited (CDSL), and Registrars and Transfer Agents (RTAs) such as Link Intime and KFin Technologies. Several key action points were discussed during the meeting aimed at enhancing communication with shareholders whose shares are subject to transfer to IEPFA. Shareholders holding shares in dematerialised form that are due for transfer to the IEPFA are advised to contact the respective company directly for clarification and support. Those holding shares in physical form should check the status of their shares on the IEPFA website. If the shares have already been transferred, they can file a claim using Form IEPF-5. Alternatively, they may seek assistance from the company's Registrar and Transfer Agent (RTA). The IEPFA also offers a search facility that enables shareholders to verify whether their shares have been transferred or are still held by the company. This feature helps claimants determine the current status of their shares, promoting timely action and minimising delays in the recovery process. (ANI)
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Business Standard
09-05-2025
- Business
- Business Standard
RIL dividend: How to check and claim unpaid dividend
Reliance Industries Ltd (RIL) has asked shareholders to claim their unpaid dividends before the due date to avoid transfer of these amounts to the Investor Education and Protection Fund (IEPF). The company's statement is part of a regulatory requirement to inform shareholders before unclaimed dividends and corresponding shares are moved to IEPF's account. What is IEPF and why your dividends may go there Under Section 124 of the Companies Act, 2013, any dividend that remains unpaid or unclaimed for seven consecutive years is transferred to IEPF. Along with the unclaimed dividend, corresponding shares on which dividends have not been claimed are also moved to the IEPF account. RIL listed details of shareholders whose dividends from previous years remain unclaimed. These pertain to FY17, and the transfer to IEPF is scheduled later this year. How to check if you have unclaimed dividends Steps to check and claim unpaid dividends: View the list of unpaid dividends associated with your account Contact RIL's Registrar and Transfer Agent (KFin Technologies Ltd) for assistance Claim process before IEPF transfer Shareholders must apply in writing to KFin Technologies Ltd along with: A duly signed application Valid identity proof (PAN/Aadhaar) Bank details and cancelled cheque Proof of shareholding All requests must be submitted before the stipulated cut-off to ensure the dividend is credited and shares are not transferred to the IEPF. What if your dividends are already with IEPF? If your dividends and shares have already been transferred to IEPF, you can still claim them by filing Form IEPF-5 online via the Ministry of Corporate Affairs website. Post submission, physical documents must be sent to RIL and the IEPF Authority for verification.
