3 days ago
- Business
- United News of India
IEPFA conducts a meeting with nodal officers to advance compliance mechanisms
Business Economy
New Delhi, Aug 11 (UNI) The Investor Education and Protection Fund Authority (IEPFA), under the Ministry of Corporate Affairs, conducted a meeting with nodal officers from companies across India.
This authority is entrusted with the responsibility of administering the Investor Education Protection Fund (IEPF).
The meeting is intended to focus on investor protection and advancements in compliance mechanisms.
The meeting was chaired by Anita Shah Akella, CEO of IEPFA and Joint Secretary, Ministry of Corporate Affairs, with the participation of almost 530 officers. Almost 505 officers joined this meeting virtually.
The center point of the meeting was an inaugural brief on the upcoming launch of the Integrated Portal with a revamped IEPF-5 form and EVR for streamlined operations.
The IEPF-5 form is used by investors to claim unpaid dividends and shares that have been transferred to the Investor Education and Protection Fund (IEPF).
Dignitaries also talked about the importance of filing Form IEPF-IA for companies yet to comply with the 2019 directive.
This meeting also highlighted the ongoing campaign 'Saksham Niveshak', which uses advanced tools for claimant identification and awareness.
'Saksham Niveshak' is a campaign launched by the Ministry of Corporate Affairs to assist shareholders in updating their details and claiming unclaimed dividends.
UNI SAS BM
