Investor Education and Protection Fund Authority: In News
The Investor Education and Protection Fund Authority (IEPFA) collaborated with the Securities and Exchange Board of India (SEBI) organised a “Niveshak Shivir” in Jaipur.
- It was established in 2016 under the Companies Act, 2013.
- It is dedicated to promoting investor awareness and protection through sustained outreach, education, and strategic collaborations.
- It manages the Investor Education and Protection Fund (IEPF) and promotes investor awareness and financial protection.
- It makes refunds of shares, unclaimed dividends, matured deposits/debentures etc. to investors and promote awareness among investors.
- It is dedicated to safeguarding investor interests by facilitating the return of unclaimed shares and dividends and advancing financial literacy nationwide.
- Nodal Ministry: Ministry of Corporate Affairs
- Through flagship initiatives such as Niveshak Didi, Niveshak Panchayat, and Niveshak Shivir, IEPFA empowers individuals to make informed financial choices and fosters a financially aware citizenry.
- The IEPF consists of amounts that remained unclaimed for 7 years, including:
- Unpaid dividends,
- Application money is due for refund,
- Matured deposits and debentures,
- Interest on investments from the fund,
- Grants or donations received from the government or other entities.
