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Investor Education And Protection Fund Authority (IEPFA)

Investor Education And Protection Fund Authority (IEPFA):

The Investor Education and Protection Fund Authority (IEPFA), will organise a State Level Conference on Financial Literacy in Amrit Kaal – Empowering Investors in association with the Department of Tourism in Aizawl.

Investor Education and Protection Fund Authority:

  • It was established in 2016 under the Companies Act, of 2013.
  • The Authority is entrusted with;
    • The responsibility of administration of the Investor Education Protection Fund (IEPF).
    • Make refunds of shares, unclaimed dividends, matured deposits/debentures etc. to investors and promote awareness among investors.
  • Nodal Ministry: Ministry of Corporate Affairs

Investor Education Protection Fund (IEPF):

  • It has been established under Section 205C of the Companies Act, 1956 by way of the Companies (Amendment) Act, 1999.
  • The following amounts that remained unpaid and unclaimed for a period of seven years from the date they became due for payment are credited to the Fund:
    • Amounts in the unpaid dividend accounts of the companies
    • The application money received by companies for allotment of any securities and due for refund
    • Matured deposits with companies
    • Matured debentures with companies
    • Grants and donations are given to the fund by the Central Government, State Governments, companies or any other institutions for the purposes of the Fund
    • The interest or other income received out of the investments made from the fund