New Delhi, July 20 -- The government is working on a system to reduce the timelines for processing of claims, said Anita Shah Akella, CEO, Investor Education and Protection Fund Authority (IEPFA) and Joint Secretary, Ministry of Corporate Affairs.

Speaking at a Seminar on IEPF, Corporate Exits and Investors Protection organised by industry body PHDCCI earlier this week, she said that presently the time taken to settle claims is too long as there is a lot of reliance on physical verification to certify and verify actual claimant.

According to a statement from PHDCCI, the official shared a few steps taken by the IEPF Authority to improve claimant experience including search facility to check if shares are with IEPFA or Companies; Integrat...