In a major success towards Investor Protection, the IEPF Authority has been able to enforce The Peerless General Finance and Investment Company Limited to transfer depositor’s money worth about Rs 1514 Crore to IEPF.
About IEPF Authority:
Parent body: Union Ministry of Corporate Affairs.
Status: A statutory body under Companies Act 2013.
Mandate: To administer the Investor Education and Protection Fund (IPEF) with the objective of promoting Investor’s Education, Awareness and Protection.
Administration: Secretary Ministry of the Corporate Affairs is the Chairperson of the Authority.
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