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    Question

    With reference to the IEPFA’s “Saksham Niveshak”

    campaign, consider the following statements: 1.The “Saksham Niveshak” campaign is a 100-day initiative launched by the Investor Education and Protection Fund Authority (IEPFA) under the Ministry of Corporate Affairs. 2.The campaign focuses on helping investors reclaim unclaimed dividends by updating KYC and nomination details. 3.Any unclaimed dividends and shares are transferred directly to the RBI after seven years. Which of the above statements is/are correct?
    A 1 only Correct Answer Incorrect Answer
    B 1 and 2 only Correct Answer Incorrect Answer
    C 2 and 3 only Correct Answer Incorrect Answer
    D 1 and 3 only Correct Answer Incorrect Answer
    E 1, 2 and 3 Correct Answer Incorrect Answer

    Solution

    • Statement 1 – Correct:  The Investor Education and Protection Fund Authority (IEPFA), under the Ministry of Corporate Affairs, launched the “Saksham Niveshak” 100-day campaign (28 July–6 November 2025) to empower shareholders and strengthen investor protection. • Statement 2 – Correct:  The focus is on resolving unclaimed dividend cases by guiding investors to update their KYC and nomination details, thereby ensuring smooth direct payouts and avoiding fund transfer to IEPFA. • Statement 3 – Incorrect:  Unclaimed dividends and shares are not transferred to the RBI. They are transferred to the Investor Education and Protection Fund (IEPF/IEPFA) after a stipulated period.

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