Investor Education and Protection Fund Authority (IEPFA)

Investor Education and Protection Fund Authority (IEPFA)

Investor Education and Protection Fund Authority (IEPFA) is a statutory body established in 2016 under the Union Ministry of Corporate Affairs, as per the Companies Act 2013.

• It manages the Investor Education and Protection Fund (IEPF).
  • IEPF holds unclaimed amounts that have remained unpaid for seven years. Such as:
    • Unpaid dividends, application money due for refund, matured deposits and debentures and government or entity grants/donations.
  • These amounts are transferred to the IEPF after the seven-year period.

Functions

• Promote financial literacy.
• Conduct Investor Awareness Programmes.
• Protect investor interests in cases involving unclaimed dividends, matured deposits, etc.
• Recover and manage unclaimed investor funds from companies.

Niveshak Shivir Initiative

• It is a joint initiative of IEPFA and SEBI launched to simplify the process of reclaiming unclaimed dividends and shares.

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