09 July 2024
In the context of IEPF-5, which deals with the application form for claiming refund from the Investor Education and Protection Fund (IEPF), the terms "PAAO" and "PEVR" stand for:
1. **PAAO**: This stands for "Practicing Authority Authorized Officer". In the IEPF-5 form, this refers to the practicing authority who has authorized the officer to sign and submit the claim application on behalf of the claimant.
2. **PEVR**: This stands for "Practicing Entity Verification Report". It is a report or verification provided by the practicing authority regarding the authenticity and accuracy of the claim application submitted under IEPF-5. This report is crucial for verifying the legitimacy of the claim before it is processed further by the authorities handling the IEPF.
These terms are specific to the processes and requirements outlined by the Investor Education and Protection Fund Authority (IEPFA) for handling claims related to unclaimed dividends, matured deposits, and other amounts transferred to the IEPF. Understanding these terms helps ensure that claimants and their authorized representatives comply with the necessary procedures to successfully claim refunds from the IEPF.
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