SC: ‘Abandonment of Service is Not Voluntary Retirement’, Denying SBI Clerk Pension Benefits  ||  Supreme Court: Stranger Affected by an Interim Order is Entitled to be Impleaded in Writ Proceedings  ||  Supreme Court: Courts Cannot Replace an Authority’s Discretion, and Sets Aside Direction to Governor  ||  SC: Title Suit Hit by Constructive Res Judicata if Omitted in Prior Injunction Suit Disputing Title  ||  SC Clarifies Whether a Co-Operative Society Can Act as a Resolution Applicant under the IBC  ||  Chhattisgarh High Court: Innocent Litigants Should Not be Penalized For Lapses by Their Lawyers  ||  Delhi High Court: Marriage With the Victim Cannot Absolve an Accused of Rape under POCSO  ||  J&K&L HC: Acquisition Lapses if 80% Compensation is Unpaid Before Possession under Section 17A  ||  Delhi HC: Policy Number is Not Mandatory For LIC Details under RTI, But Basic Details are Required  ||  SC: Courts Must Curb Unlicensed Money Lenders; Probes Need Not Wait For New Law    

Government amended IEPFA Rules, 2016, to simplify refund of claims- (Press Information Bureau) (09 Dec 2019)

MANU/PIBU/1945/2019

Education

The Investor Education & Protection Fund (Accounting, Audit, Transfer and Refund) Rules 2016 have been amended vide GSR No.571 (E) dated 14.8.2019 to simplify the process of refund of claims filed with The Investor Education & Protection Fund Authority (the Authority). The amended rules inter-alia provide for digitisation with transparent and faceless processing of claims by the Authority. Compliances by companies have also been made time bound and system driven with rule based enforcement.

The Authority has been set up under Section 125 of the Companies Act, 2013 (The Act) with the objective of promoting investor education, protection and also to make refund of claims to the investors as per extant provisions of the Act. During the last 3 years more than 35,000 Investor Awareness Programmes (IAPs) have been organised in rural and urban areas of the country through the Professional Institutes under Ministry of Corporate Affairs and Common Service Centers (CSCs) e-Governance Services India Limited for creating awareness among the Investors. Awareness creating messages are also disseminated from time to time through print and electronic media. The Authority launched a joint campaign of Investor awareness in association with RBI, SEBI and Department of Consumer Affairs. The Authority has also collaborated with Department of Telecommunications, Indian Institute of Corporate Affairs and Nehru Yuva Kendra Sangathan for achieving the objective of Investor Education and Protection.

Tags : IEPFA RULES   AMENDMENT   REFUND CLAIMS   SIMPLIFICATION  

Share :        

Disclaimer | Copyright 2026 - All Rights Reserved