Election Day- Use Code DEMOCRACY24

Register Now

Government amended IEPFA Rules, 2016

Published on December 10, 2019
Current context: The government has amended the Investor Education & Protection Fund (Accounting, Audit, Transfer and Refund) Rules 2016.
Government amended IEPFA Rules, 2016 
  • Anurag Singh Thakur, Minister of State for Finance & Corporate Affairs, stated in a written reply to a question in Lok Sabha on 9th Dec 19.
  • The Rules were amended to simplify the process of refund of claims filed with The Investor Education & Protection Fund Authority.
  • The amended rules inter-alia provide for digitisation with transparent and faceless processing of claims by the Authority.
  • The Authority has been set up under Section 125 of the Companies Act, 2013 (The Act).
  • The objective of setting up the Authority is to promote investor education, protection and also to make refund of claims to the investors as per extant provisions of the Act.
  • Other initiatives taken by the Authority includes:
    1. A joint campaign of Investor awareness in association with RBI, SEBI and Department of Consumer Affairs.
    2. 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.

Question: 

Q.2 Who is the present Minister of State for Finance & Corporate Affairs?
a. Thaawar Chand Gehlot
b. Ramesh Pokhriyal 'Nishank'
c. Anurag Singh Thakur
d. Gajendra Singh Shekhawat
ebook store

About us

ramandeep singh

Ramandeep Singh, your guide to banking and insurance exams. With 14 years of experience and 5000+ selections, Ramandeep understands the path to success, having transitioned himself from Dena Bank and SBI. He's passionate about helping you achieve your banking and insurance dreams.

  • Follow me:
Close Menu
Close Menu