Streamlining Unclaimed Assets: Niveshak Shivir Set for Amritsar
The upcoming Niveshak Shivir in Amritsar, organized by SEBI and IEPFA, aims to simplify the reclamation of unclaimed financial assets for investors. The event will also provide assistance for KYC and nomination updates, helping resolve outstanding IEPFA claims related to unpaid shares and dividends.
- Country:
- India
The Securities and Exchange Board of India (SEBI) and the Investor Education and Protection Fund Authority (IEPFA), under the Ministry of Corporate Affairs, are set to host the third 'Niveshak Shivir' in Amritsar on November 1. The event seeks to ease the process for investors reclaiming unclaimed financial assets.
The 'Shivir' is designed to assist investors with Know Your Customer (KYC) and nomination updates, a crucial step that promises smoother interactions with companies. This initiative underscores the regulatory body's commitment to protecting investor interests.
According to a statement from SEBI, this effort is anticipated to address pending claims with the IEPFA concerning unclaimed and unpaid shares and dividends, providing a pathway for investors to regain their due assets efficiently.
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