AT ExplainS: Niveshak Shivir-Unlocking Investor Wealth and Building Trust
Vihar Vaishnav: The inaugural pilot of 'Niveshak Shivir' event was held recently in Pune, marks a pivotal step towards creating a more transparent and investor-friendly financial ecosystem in India.
The Challenge: Billions in Unclaimed Wealth
India's rapidly expanding capital markets have, over time, accumulated a substantial volume of unclaimed investor assets. According to the Ministry of Corporate Affairs, over 1.1 billion unclaimed shares, valued at more than Rs 1 lakh crore, and approximately Rs 6,000 crore in unclaimed dividends are currently held with the IEPFA. These assets are typically transferred to the IEPFA when they remain unclaimed for seven consecutive years. Common reasons for this dormant wealth include changes in investor addresses, the unfortunate demise of share...
