The IEPFA along with capital market regulator Sebi, is planning to hold ‘Niveshak Shivirs’ across major cities in the coming weeks to help resolve issues of investors relating to share transfer and unclaimed dividend.
The proposed scheme seeks to reduce the time required to reclaim shares from up to a year now to just 60 days.
Dividend payments of at least Rs 530 crore are lying unclaimed by with the country's top-50 blue-chip companies, including the likes of Reliance Industries, ITC and HUL and Tata Steel.