Description
SEBI and IEPFA jointly organized investor outreach initiative in Hyderabad to help shareholders reclaim unpaid dividends and unclaimed shares.
Summary
SEBI and the Investor Education and Protection Fund Authority (IEPFA) jointly conducted the second “Niveshak Shivir” in Hyderabad on August 30, 2025, aimed at helping investors reclaim unpaid dividends and unclaimed shares. The event, organized with major Market Infrastructure Institutions (BSE, NSE, CDSL, NSDL) and RTAs, provided on-the-spot assistance to over 300 participants for processing claims and updating KYC details.
Key Points
- Second edition of Niveshak Shivir held in Hyderabad with over 300 investor participants
- 23 dedicated service desks provided end-to-end assistance for claiming unclaimed assets
- Collaboration with BSE, NSE, CDSL, NSDL and major RTAs (KFin, MUFG Intime, Bigshare, Purva Sharegistry)
- Launch of new Investor Guide by CDSL for step-by-step claim process guidance
- On-the-spot KYC updating and nomination details services available
- Dedicated search facility to identify unclaimed shares or dividends
Regulatory Changes
No regulatory changes announced. This is an investor facilitation and education initiative.
Compliance Requirements
No new compliance requirements. The initiative assists investors with existing processes for:
- Claiming dividends and shares unclaimed for over 6 years
- Updating KYC and nomination details
- Processing pending IEPFA claims
Important Dates
- August 30, 2025: Second Niveshak Shivir conducted in Hyderabad
- Future dates: Similar events planned for other cities with significant unclaimed investor assets
Impact Assessment
The initiative has moderate positive impact on investor protection and financial inclusion by facilitating recovery of unclaimed assets. It demonstrates proactive regulatory approach to reducing the volume of unclaimed investor assets in the system through direct investor engagement and simplified claim processes.
Impact Justification
Educational initiative with moderate impact on investor asset recovery but no immediate market or regulatory implications