Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now


You can switch off notifications anytime using browser settings.
12,086.70114.9
Stock Analysis, IPO, Mutual Funds, Bonds & More

IEPFA launches investor helpline

Corporate affairs secretary Injeti Srinivas said that the helpline was set up was a major step to address the concerns of various claimants, according to a government release. The helpline was an initiative by the IEPFA with the help of Common Ser...

, ET Bureau|
Nov 20, 2019, 10.33 PM IST
0Comments
Agencies
Untitled-18
A senior government had said earlier this year that the IEPFA holds unclaimed shares and dividends worth Rs 25,100 crore.
NEW DELHI: The Investor Education and Protection Fund Authority (IEPFA) on Wednesday launched a new helpline for investors allowing them to track the status of their refund claims. All companies are required to transfer all unclaimed shares, dividends and deposits to the Investor Education and Protection Fund Authority if they remain unclaimed for seven years. The national helpline number 1800-114-667 will be manned by a dedicated call centre which was also inaugurated on Wednesday.

Corporate affairs secretary Injeti Srinivas who inaugurated the helpline ,said that the helpline was set up was a major step to address the concerns of various claimants, according to a government release. The release added that the helpline was an initiative by the IEPFA with the help of Common Services Centre (CSC) e-Gov SPV under the IT and electronics ministry.

Dinesh Kumar Tyagi, CEO of CSC e-Gov said that the SPV would provide hosting and support as well as training support for the application. Callers will be able to both track the status of their refund claims on the helpline and report suspicious claims.

A senior government had said earlier this year that the IEPFA holds unclaimed shares and dividends worth Rs 25,100 crore.

Also Read

Government to implement new Companies Act that includes setting up IEPFA and NFRA

Comments
Add Your Comments
Commenting feature is disabled in your country/region.
Download The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.

Other useful Links


Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service