IEPFA Organizes Preparatory Session for Upcoming 'Niveshak Shivir'.

Banking & Finance

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.


      - 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.

     

Main Point :-   (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.
About Kotak Mahindra Bank Limited (KMBL)

MD & CEO: Ashok Vaswani
Headquarter : Mumbai
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