Current Affairs

Government amended IEPFA Rules, 2016

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
Government amended IEPFA Rules, 2016 Government amended IEPFA Rules, 2016 Reviewed by Neha Verma on December 10, 2019 Rating: 5

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