What is the Significance of the 1st ‘Niveshak Shivir’ for Investors?
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Synopsis
The inaugural 'Niveshak Shivir' aims to empower investors by resolving unclaimed dividends and enhancing financial literacy. With over 450 participants, this event marks a significant milestone in investor engagement and education.
Key Takeaways
- ‘Niveshak Shivir’ aims to empower investors.
- Over 450 participants attended the inaugural event.
- Direct engagement with investors enhances financial literacy.
- Services offered included KYC updates and claim resolutions.
- A comprehensive guide to reclaiming unclaimed dividends was launched.
New Delhi, June 1 (NationPress) The Investor Education and Protection Fund Authority (IEPFA), under the Ministry of Corporate Affairs, in partnership with the Securities and Exchange Board of India (SEBI), has successfully inaugurated the pilot edition of 'Niveshak Shivir' on Sunday.
This initiative reflects IEPFA's ongoing commitment to empower investors and enhance financial literacy.
The event, held in Pune, represents a crucial advancement in promoting direct interaction with investors and addressing unresolved financial claims.
As part of IEPFA's extensive outreach strategies, ‘Niveshak Shivir’ was designed to aid investors in tackling outstanding issues associated with unclaimed dividends and shares, updating KYC and nomination details, and expediting claim settlements—all in one location.
More than 450 claimants actively participated in the event, attracting investors and stakeholders from Pune and its vicinity.
Specialized service desks were set up to effectively assist attendees in claiming dividends and shares that have remained unclaimed for over six to seven years; on-the-spot updating of KYC and nomination details; and swift resolution of claim-related concerns.
The event successfully raised awareness about the processes involved, ensuring transparency while simplifying the dematerialization of physical shares, updating KYC and nominations, and clarifying IEPF claim procedures.
Investors received step-by-step guidance from trained officials stationed at 19 dedicated kiosks.
To further enhance the experience, a search facility was made available at the venue, enabling participants to quickly verify if they or their family members held any unclaimed shares or dividends.
Once confirmed, trained officials assisted claimants in accurately completing the IEPF-5 form, ensuring a smooth and guided submission process.
Anita Shah Akella, CEO of IEPFA and Joint Secretary of the Ministry of Corporate Affairs, along with Ananth Narayan, whole-time Member of SEBI, and other officials, launched a specialized investor guide brochure created by NSDL titled “Investor Guide to Claiming Unclaimed Shares and Dividends”.
The brochure details the step-by-step procedure for reclaiming unclaimed dividends and shares via the IEPF portal, outlines the necessary documents (such as PAN, Aadhaar, and Entitlement Letter), and provides tips to avoid common pitfalls that lead to claim rejections.
Point of View
The launch of 'Niveshak Shivir' highlights a proactive approach by regulatory authorities to engage with investors directly. This initiative not only aims to resolve unclaimed dividends but also fosters a culture of financial literacy, which is essential for a robust investment community. The ongoing efforts by IEPFA and SEBI are commendable in creating an informed and empowered investor base.
NationPress
20/07/2025
Frequently Asked Questions
What is 'Niveshak Shivir'?
‘Niveshak Shivir’ is an initiative launched by IEPFA in collaboration with SEBI aimed at empowering investors, resolving unclaimed dividends, and enhancing financial literacy.
Where was the first 'Niveshak Shivir' held?
The inaugural 'Niveshak Shivir' took place in Pune, attracting over 450 claimants.
What services were offered at the event?
Services included assistance with claiming unclaimed dividends, updating KYC and nomination details, and resolving claim-related issues.
Who inaugurated the event?
The event was inaugurated by Anita Shah Akella, CEO of IEPFA, and Ananth Narayan, whole-time Member of SEBI.
How can investors reclaim unclaimed shares?
Investors can reclaim unclaimed shares and dividends through the IEPF portal using the guidelines provided in the investor brochure.
