IEPFA Proposes Simplified Documentation for Low-Value Investor Claims
A committee comprising representatives from the Ministry of Corporate Affairs, SEBI, ICAI, ICMAI, ICSI, FICCI, PHDCCI, CII, and the Registrar Association of India submitted recommendations to the IEPFA.
New Delhi, September 6: The Investor Education and Protection Fund Authority (IEPFA), under the Ministry of Corporate Affairs, has proposed reforms to simplify documentation for low-value investor claims, aiming to improve transparency and ease of living for citizens.
A committee comprising representatives from the Ministry of Corporate Affairs, SEBI, ICAI, ICMAI, ICSI, FICCI, PHDCCI, CII, and the Registrar Association of India submitted recommendations to the IEPFA. The suggestions, once adopted, will apply to claims up to ₹5 lakh for physical securities, ₹15 lakh for demat securities, and dividends up to ₹10,000.
The reforms are expected to significantly reduce timelines and provide hassle-free services for investors seeking refunds of shares, dividends, and matured deposits.
Established in September 2016, the IEPFA manages the Investor Education and Protection Fund, focusing on safeguarding investor interests, ensuring transparency, and promoting financial literacy nationwide.
