IEPFA reaches out to top hundred firms to ease investor claims' process

One of the big challenges the authority currently faces is the lack of manpower which often slows down its grievance redressal mechanism

The investor education and protection fund authority (IEPFA) has reached out to top hundred companies to reduce the documentation required for individuals trying to claim their shares, according to a senior government official. Recently, the Supreme Court-appointed expert panel on the Adani-Hindenburg case had raised issues such as capacity constraints faced by IEPFA in clearing these claims which are over Rs 5,000 crore. 

“Our immediate priority is to ensure that claims of those investors whose application was approved a year ago but the transfer has not gone through yet are settled first. We are trying to address all grievances as