SEBI–IEPFA Hold Niveshak Shivir to Resolve Unclaimed Dividend and Share Claims

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SEBI IEPFA Niveshak Shivir

PR No. 81/2025; Dated: 09.12.2025

1. Objective of the Initiative

The Securities and Exchange Board of India (SEBI) and the Investor Education and Protection Fund Authority (IEPFA) jointly conducted the fourth “Niveshak Shivir” in Jaipur. The programme is part of a nationwide outreach initiative aimed at:

  • Reducing the stock of unclaimed assets, unpaid dividends, and unclaimed shares, and
  • Facilitating timely resolution of pending investor claims

The event underscores SEBI’s and IEPFA’s commitment to improving investor protection, financial inclusion, and grievance redressal efficiency.

2. Facilitation for Long-Pending Claims

The Shivir specifically catered to:

  • Unpaid dividend claims
  • Unclaimed shares and securities
  • Claims that have been pending for six to seven years or more, due to incomplete documentation or procedural delays

A dedicated facilitation setup allowed participants to directly submit documentation, clarify procedural requirements, and obtain on-site support to expedite processing.

3. On-the-Spot KYC and Nomination Updates

To minimise future investor grievance and settlement hurdles, the programme also provided:

  • Instant KYC updation
  • Nomination updates for demat and folio accounts
  • Support for correction of personal details or record discrepancies

These on-the-spot services helped investors regularise account information, a key prerequisite for settlement of unclaimed dividends and shares.

4. Resolution of IEPFA Claim Issues

Investor participants received assistance with:

  • IEPFA Form submission
  • Reconciliation of multiple claim filings
  • Clarification of documentation sufficiency
  • Support for signature, affidavit or indemnity requirements
  • Process guidance for dematerialisation or transmission-related claims

This structured support addressed systemic bottlenecks and improved claim turnaround time.

5. Participation and Outreach Impact

The day-long Shivir witnessed strong investor engagement, with more than 301 investors and claimants participating from Jaipur and nearby regions. The scale of participation reflects:

  • High demand for simplified claim resolution
  • Awareness of investor grievance mechanisms
  • Greater confidence in collaborative facilitation between SEBI, IEPFA, RTAs and market intermediaries

6. Broader Policy Significance

The Niveshak Shivir initiative is expected to:

  • Help reduce the growing pool of unclaimed financial assets
  • Strengthen investor education and documentation discipline
  • Encourage timely KYC updates and nomination filings
  • Build digital and procedural access to financial entitlements
  • Improve the efficiency of IEPFA claim processing and record validation

Together, these efforts enhance investor protection and capital market trust, especially among retail investors and heirs pursuing legacy claims.

Click Here To Read The Full Press Release

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Author: Taxmann

Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.

The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:

  • The statutory material is obtained only from the authorized and reliable sources
  • All the latest developments in the judicial and legislative fields are covered
  • Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
  • Every content published by Taxmann is complete, accurate and lucid
  • All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
  • The golden rules of grammar, style and consistency are thoroughly followed
  • Font and size that's easy to read and remain consistent across all imprint and digital publications are applied