Latest news with #IEPF-5
United News of India
6 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
News18
7 days ago
- Business
- News18
IEPFA, companies discuss ways to boost investor protection, compliance
New Delhi, Aug 11 (PTI) The Investor Education and Protection Fund Authority (IEPFA) on Monday held a meeting with nodal officers from companies to discuss ways to strengthen investor protection measures and enhance compliance processes. The meeting chaired by Anita Shah Akella, CEO of IEPFA and Joint Secretary in the Ministry of Corporate Affairs, saw the participation of 530 officers, according to a release. The Authority briefed participants on its upcoming integrated portal, aimed at enabling faster and more efficient claim settlements, along with a revamped IEPF-5 form for claimants and an e-verification report for nodal officers, to be notified soon. The meeting also placed renewed focus on the recently re-notified form IEPF-1A, urging companies that are yet to comply with the 2019 directive to submit the form by August 30, it added. It was also highlighted that timely and accurate submissions will help reduce disparities in approved claim amounts, the Authority said. The meeting also reviewed progress of the ongoing 'Saksham Niveshak" campaign (July 28–November 6, 2025), encouraging companies to proactively locate claimants, update KYC and nomination details, and disburse pending dividends before transfer to IEPFA. IEPFA also advised companies to explore innovative outreach methods, including digital campaigns, AI-enabled claimant tracing, webinars, and hiring competitive third parties (if required) to maximise the campaign's success. The IEPFA, under the Ministry of Corporate Affairs, promotes investor awareness, financial literacy, and safeguards unclaimed dividends and shares. Through its initiatives like Niveshak Didi, Niveshak Sarathi, and Niveshak Shivir, IEPFA works to build a financially informed and empowered investor base. PTI HG HVA view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
India Gazette
01-06-2025
- Business
- India Gazette
IEPFA and SEBI launch first Niveshak Shivir in Pune to empower investors and resolve unclaimed dividends
New Delhi [India], June 1 (ANI): The Investor Education and Protection Fund Authority (IEPFA), under the Ministry of Corporate Affairs, in collaboration with the Securities and Exchange Board of India (SEBI), successfully launched the pilot chapter of Niveshak Shivir in Pune on Sunday. The initiative is a part of IEPFA's continued mission to empower investors and strengthen financial literacy. The event marked a significant step in facilitating direct engagement with investors and addressing unresolved financial claims, according to the Ministry of Corporate Affairs. In line with IEPFA's broader investor outreach initiatives, Niveshak Shivir was conceptualised to assist investors in resolving pending issues related to unclaimed dividends and shares, updating KYC and nomination details, and facilitating faster settlements of claims - all under one roof. Over 450 claimants participated enthusiastically in the event, which attracted investors and stakeholders from Pune and nearby regions. By bringing together representatives from MIIs (Market Infrastructure Institutions), Registrars and Transfer Agents (RTAs), Depositories and Depository participants, the event successfully created awareness of the processes, thereby ensuring a transparent and seamless awareness towards demat of physical shares, updating KYC and nomination and the processes of IEPF claim were demystified. Investors were guided through every step of the process by trained officials at nineteen dedicated kiosks. To further streamline the process, search facility was made available at the venue, enabling participants to quickly check whether they or their family members had held any unclaimed shares or dividends. Once verified, trained officials assisted claimants in accurately filling out the IEPF-5 form, ensuring a smooth and guided claim submission process. Anita Shah Akella, CEO of IEPFA and Joint Secretary, Ministry of Corporate Affairs, along with Ananth Narayan, whole time Member, SEBI, and other officials inaugurated a special investor guide brochure developed by NSDL titled 'Investor Guide to Claiming Unclaimed Shares and Dividends.' The brochure outlines, in simple language, the step-by-step process for reclaiming unclaimed dividends and shares through the IEPF portal, key documents required (such as PAN, Aadhaar, and Entitlement Letter), and tips for avoiding common reasons for claim rejections. This initiative is expected to further empower investors with the knowledge needed to effectively navigate the claim process. The Shivir is the first in a planned series of Niveshak Shivir events to be held in major cities with significant volumes of unclaimed investor funds. This reflects IEPFA's deep commitment to investor-centric governance and transparency. Citywise calendar of events of Niveshak Shivir would be rolled out based on the learnings of this pilot. The Government of India established the Investor Education and Protection Fund Authority (IEPFA) under the Ministry of Corporate Affairs. Its mandate is to promote investor awareness, ensure effective grievance redressal, and facilitate the recovery of unclaimed investments through accessible and user-friendly platforms. (ANI)
