IEPFA Proposes Simplified Documentation for Low-Value Claims to Enhance ease of living

The IEPFA, under the Ministry of Corporate Affairs, plans to simplify claim processes for investors. A committee with MCA, SEBI, and ICAI members proposed easing documentation for low-value claims up to ₹5 lakh (physical securities), ₹15 lakh (demat), and ₹10,000 (dividends). Founded in 2016, IEPFA manages refunds, investor rights, and financial literacy. The reforms aim to ensure faster processing, transparency, and improved investor services.