IEPFA to launch portal in Aug to transfer unclaimed shares: Report
Investor Education and Protection Fund Authority (IEPFA) will launch a portal in August to track and transfer ₹1 lakh crore unclaimed shares to their "rightful" recipients, Moneycontrol reported. The portal will also transfer ₹6,000-crore unclaimed dividends to investors. SEBI has also partnered with IEPFA to set up 'Niveshak Shivirs' to help investors receive their unpaid dividends held by firms.