Amritsar’s ‘Niveshak Shivir’ helps 223 investors reclaim lost dividends and shares
The Investor Education and Protection Fund Authority (IEPFA) and Sebi jointly organised 'Niveshak Shivir', a day-long event in Amritsar, Punjab. The third edition of the camp, held on November 1, aimed to help investors reclaim unpaid dividends and unclaimed shares. Over 223 investors and claimants from Amritsar and nearby regions attended the main event.
The event featured 17 service desks offering assistance for various processes. These included claiming dividends and shares, updating KYC and nomination details, resolving claim-related issues, and processing pending IEPFA claims. To aid understanding, an explainer video titled 'Understanding the Process of Claiming Unpaid Dividends through IEPFA' was launched during the programme. Senior officials from Sebi, IEPFA, and other market infrastructure institutions attended the event.
The IEPFA, established in 2016, manages the investor education and protection fund. The camp is part of their efforts to reduce the volume of unclaimed investor assets in the system. Similar events are planned in other cities with significant unclaimed investor assets, such as Vienna, Frankfurt, and Munich.
The successful 'Niveshak Shivir' in Amritsar demonstrates the commitment of IEPFA and Sebi to supporting investors in recovering their unpaid dividends and unclaimed shares. Future events in Vienna, Frankfurt, and Munich will continue this effort, ensuring investors are well-informed and assisted.
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