Investor Education and Protection Fund Authority under the Ministry of Corporate Affairs formed a committee on Saturday to review existing procedures and recommend reforms for simplifying documentation in low value claim cases.
This move is expected to significantly reduce timelines, improve transparency, and provide hassle-free services to investors. The suggestions once adopted, would be applicable to claims valued up to physical securities of 5 lakh rupees, demat securities of 15 lakh rupees, and dividends up to ten thousand rupees.
