The IEPFA has received a set of recommendations from a high-level committee to simplify documentation requirements for low-value claims cases, an official statement said on Saturday.
"This initiative was expected to significantly reduce timelines, improve transparency, and provide hassle-free services to investors," the Ministry of Corporate Affairs (MCA) said in a release.
The committee comprised representatives from the MCA, the IEPFA, the Securities and Exchange Board of India, the Institute of Chartered Accountants of India, the Institute of Cost Accountants of India, and the Institute of Company Secretaries of India.
Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
Industry associations such as the Federation of Indian Chambers of Commerce and Industry, the PHD Chamber of Commerce and Industry, the Confederation of Indian Industry, and the Registrar Association of India were also part of the committee. The panel has already submitted its report to the IEPFA, the release said.
"The suggestions, once adopted by IEPFA, would have been applicable to claims valued up to Rs 5 lakh (physical securities), Rs 15 lakh (demat securities), and dividends up to Rs 10,000, as suggested by the committee," it added.
The Investor Education and Protection Fund Authority (IEPFA), under the Corporate Affairs ministry, promotes investor awareness, financial literacy, and safeguards unclaimed dividends and shares.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
