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IEPFA Organizes Preparatory Session for Upcoming 'Niveshak Shivir'.

Banking & Finance | Dated: 02 May 2025

On April 28, 2025, the Investor Education and Protection Fund Authority (IEPFA), under the Ministry of Corporate Affairs (MoCA), organized a virtual preparatory meeting with Nodal Officers of stakeholder companies.

🎯 Key Highlights:

  • - The meeting aimed to finalize the operational framework for the upcoming 'Niveshak Shivir' initiative.
  • - The session was chaired by Anita Shah Akella, Chief Executive Officer (CEO) of IEPFA and Joint Secretary at MoCA.

💡 Other Important Facts:

  • (i) 'Niveshak Shivir' will be conducted in cities where companies hold a high volume of unclaimed dividends for a duration of 6 to 7 years.
  • (ii) The pilot phase of the initiative is set to be launched in Ahmedabad (Gujarat) and Mumbai (Maharashtra) in May 2025.
  • (iii) During the session, IEPFA signed a Memorandum of Understanding (MoU) with Kotak Mahindra Bank Limited (KMBL), headquartered in Mumbai, Maharashtra, to advance investor education and protection via digital outreach efforts.

📚 Test Your Knowledge:

What is the name of the initiative recently launched by IEPFA to assist investors in claiming unclaimed dividends and shares?

Correct Answer: Niveshak Shivir

🚀 Quick Recap:

About Kotak Mahindra Bank Limited (KMBL)

  • MD & CEO: Ashok Vaswani
  • Headquarter : Mumbai