Are IEPFA and SEBI Ready to Unveil the ‘Niveshak Shivir’ Initiative?
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Synopsis
The upcoming launch of the 'Niveshak Shivir' initiative by IEPFA and SEBI aims to simplify the process of reclaiming unclaimed dividends and shares, enhancing investor outreach across India. This initiative promises direct assistance and improved financial literacy.
Key Takeaways
- Niveshak Shivir aims to assist investors in reclaiming unclaimed assets.
- Dedicated helpdesks will provide direct support from company representatives.
- The initiative plans to expand to multiple cities across India.
- Shareholders are encouraged to verify the status of their shares online.
- Timely action can minimize delays in the recovery process.
New Delhi, May 10 (NationPress) In a bid to boost investor engagement and simplify the process for reclaiming unclaimed dividends and shares, the Investor Education and Protection Fund Authority (IEPFA) convened a preparatory meeting alongside the Securities and Exchange Board of India (SEBI) in Mumbai.
This significant meeting serves as a key step in the launch of the “Niveshak Shivir” initiative – a comprehensive national program designed to assist investors in reclaiming unclaimed dividends and shares more efficiently, while also enhancing financial literacy and decreasing dependence on intermediaries, as stated by the Ministry of Corporate Affairs on Saturday.
The “Niveshak Shivir” initiative is set to kick off later this month in Mumbai and Ahmedabad, with intentions to extend its reach to other cities that have a high number of unclaimed investor assets.
This initiative will incorporate dedicated helpdesks, enabling investors to consult directly with company representatives and Registrars and Transfer Agents (RTAs) for comprehensive assistance.
To improve communication with shareholders whose shares are subject to transfer to the IEPFA, various action points were discussed during the meeting.
Among these actions, shareholders with shares in dematerialised form due for transfer to the IEPFA are encouraged to reach out directly to their respective companies for guidance and support. Shareholders holding shares in physical form should check the status of their shares on the IEPFA website.
If their 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 offers a search tool that allows shareholders to verify if their shares have been transferred to the IEPFA or remain with the company. This feature empowers claimants to ascertain the current status of their shares, promoting timely actions and reducing delays in recovery.
The meeting featured the participation of Anita Shah Akella, CEO of IEPFA and Joint Secretary in the Ministry of Corporate Affairs, along with IEPFA officials.
Point of View
It’s imperative to recognize the significance of the Niveshak Shivir initiative. By promoting direct engagement between investors and companies, it exemplifies a proactive approach towards investor education and asset reclamation, which is essential in today’s financial landscape.
NationPress
11/05/2025
Frequently Asked Questions
What is the purpose of the Niveshak Shivir initiative?
The Niveshak Shivir initiative aims to enhance investor outreach and simplify the process of reclaiming unclaimed dividends and shares.
When will the Niveshak Shivir initiative start?
The initiative is set to commence later this month in Mumbai and Ahmedabad.
How can investors reclaim their unclaimed shares?
Investors can reclaim their shares by filing Form IEPF-5 or contacting their company’s Registrar and Transfer Agent for assistance.
Who organized the Niveshak Shivir initiative?
The initiative was organized by the Investor Education and Protection Fund Authority (IEPFA) in collaboration with the Securities and Exchange Board of India (SEBI).
What resources are available for investors?
Investors can access dedicated helpdesks during the initiative and utilize the search facility on the IEPFA website to check the status of their shares.
