New Delhi, May 13 (IANS) The Investor Education and Protection Fund Authority (IEPFA), under the Ministry of Corporate Affairs entered into a Memorandum of Understanding (MoU) with Public Service broadcaster Prasar Bharati to boost nationwide investor awareness initiatives, an official statement said on Wednesday.
Dissemination of informative scroll messages through Doordarshan across national and regional channels will be done to drive investor awareness, the Ministry of Corporate Affairs said in a statement.
Anita Shah Akella, CEO IEPFA and Joint Secretary Ministry of Corporate Affairs highlighted the importance of collaborative public outreach initiatives in strengthening investor awareness and promoting financial literacy among citizens.
Trusted public broadcasting platforms such as Doordarshan can help critical information related to investor protection, unclaimed dividends and shares, and safe investing practices reach a wider audience even in remote and underserved regions, she noted.
“This strategic collaboration aims to leverage Prasar Bharati’s extensive reach to deliver key messages related to investor awareness, the process of reclaiming unclaimed dividends and shares transferred to the Investor Education and Protection Fund Authority (IEPFA),” the statement noted.
IEPFA seeks to empower investors with timely and accurate information through this initiative, encouraging them to utilize facilities such as the Search Facility and file claims through Form IEPF-5, the statement noted.
The campaign will also focus on spreading awareness about fraud prevention and the importance of safe investing practices, it added.
The Investor Education and Protection Fund Authority (IEPFA) since 2016, has been managing the Investor Education and Protection Fund to safeguard investor interests by facilitating the refund of shares, unclaimed dividends, and matured deposits or debentures.
The IEPFA aims to ensure transparency, protect investors’ rights, and promote financial literacy across the country.
It recently launched a national drive aimed at empowering shareholders by creating awareness about unclaimed dividends held by companies and guiding them through the process of updating their KYC and nomination details to reclaim their rightful dividend.
—IANS
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