Will IEPFA and SEBI Host a ‘Niveshak Shivir’ in Jaipur on December 6?
Synopsis
Key Takeaways
- Direct engagement with companies and RTAs.
- Quick resolution of grievances.
- Support for recovering unclaimed dividends.
- Update KYC and nomination details on-site.
- Part of a broader effort to boost financial literacy.
New Delhi, Nov 25 (NationPress) The Investor Education and Protection Fund Authority (IEPFA), part of the Ministry of Corporate Affairs, is set to conduct a ‘Niveshak Shivir’ in Jaipur on December 6, aimed at providing direct assistance to investors facing challenges with unclaimed dividends, shares, and outstanding claims, as announced by the ministry on Tuesday.
In conjunction with the Securities and Exchange Board of India (SEBI), this day-long event will operate as a streamlined facilitation platform from 10 a.m. to 4 p.m. at Swarn Mahal, Vaishali Nagar.
The camp will enable investors to engage directly with companies and Registrars and Transfer Agents (RTAs), eliminating the need for intermediaries and facilitating faster grievance resolution.
Specialized kiosks will be available to assist investors in recovering unclaimed dividends that have been inactive for six to seven years, updating KYC and nomination information on-site, and addressing outstanding IEPFA claim matters.
Officials from IEPFA mentioned that participating companies with significant unclaimed dividend accounts will interact with investors at the location to address concerns in real time. This initiative is part of IEPFA’s broader outreach campaign aimed at enhancing financial literacy, fostering transparency, and simplifying the processes for reclaiming unclaimed investments.
The Authority has reiterated its commitment to establishing a secure and investor-centric financial environment through ongoing education and facilitation initiatives.
Earlier this month, IEPFA organized a workshop to enhance financial awareness, promote safe investment strategies, and empower rural women at Sangoha in Karnal, Haryana, as stated in an official release on Sunday.
This workshop, conducted in partnership with the National Council of Applied Economic Research (NCAER), SEBI, the Association of Mutual Funds in India (AMFI), and the Haryana State Rural Livelihood Mission (HSRLM), brought together experts, regulators, and members of women’s self-help groups to discuss methods for building financial confidence and inclusion in the digital economy.