Why in the news?
Investor Education and Protection Fund Authority and Securities and Exchange Board of India will organise a Niveshak Shivir in Bhopal on 5 June 2026 to help investors resolve issues related to unclaimed dividends and shares.
Key Highlights
- Organised by:
- IEPFA under the Ministry of Corporate Affairs
- SEBI.
- Objective:
- Investor awareness
- Grievance redressal
- Recovery of unclaimed investments.
Services Provided at Niveshak Shivir
- Recovery assistance for:
- Unclaimed dividends
- Unclaimed shares.
- On the spot:
- KYC updation
- Nomination services.
- Resolution of:
- Pending IEPFA claim issues.
What is IEPFA?
The Investor Education and Protection Fund Authority (IEPFA):
- Functions under: Ministry of Corporate Affairs.
- Established to:
- Protect investor interests.
- Promote financial literacy and investor awareness.
Investor Education and Protection Fund (IEPF)
- Created under: Companies Act, 2013.
- Unclaimed: Dividends, Shares, and Deposits are transferred to the IEPF after a specified period.
When are Shares/Dividends Transferred to IEPF?
- If dividends remain unclaimed for Seven consecutive years, the related shares are transferred to the IEPF Authority.
What is SEBI?
The Securities and Exchange Board of India:
- Is the regulator of Securities and capital markets in India.
- Established in 1988.
- Statutory status granted in 1992.
Objectives of the Initiative
- Simplify Investor claim process.
- Promote:
- Financial inclusion
- Investor protection.
- Strengthen: Transparency in financial markets.
About RTAs
Registrars and Transfer Agents (RTAs):
- Maintain records of:
- Shareholders
- Share transfers
- Dividend payments.
- Assist companies in investor-related services.
[2025] Consider the following statements:
I. India accounts for a very large portion of all equity option contracts traded globally thus exhibiting a great boom.
II. India’s stock market has grown rapidly in the recent past even overtaking Hong Kong’s at some point of time.
III. There is no regulatory body either to warn the small investors about the risks of options trading or to act on unregistered financial advisors in this regard.
Which of the statements given above are correct?
[A] I and Il only
[B] II and III only
[C] I and III only
[D] I, II and III