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CSC and IEPFA App : Important Points

Central Scrutiny Centre (CSC) And Investor Education And Protection Fund Authority’s (IEPFA) Mobile App:

Union Minister for Corporate Affairs launched Central Scrutiny Centre (CSC) and Investor Education and Protection Fund Authority’s (IEPFA) Mobile App — two tech-enabled initiatives by Ministry of Corporate Affairs (MCA).

Central Scrutiny Centre (CSC):

  • MCA is one of the key primary sources of corporate data, is required to ensure that the data quality is uncompromised and free from flaws.
  • The Central Scrutiny Centre will scrutinize certain Straight Through Process (STP) Forms filed by the corporates on the MCA21 registry and flag the companies for more in-depth scrutiny.

Investor Education and Protection Fund Authority’s (IEPFA) Mobile App

  • The IEPFA Mobile App aims at achieving the goal of financial literacy, spreading investors’ awareness, education, and protection among investors.
  • The IEPFA App will have the facility of tracking the status and progress of the IEPF claim refund process.
  • Moreover, it also provides a mechanism for investors and common citizens to report on the suspected fraudulent schemes.