About Investor Education and Protection Fund:
- 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
- This fund is managed by the Investor Education Protection Fund Authority (IEPFA)
- IEPFA was established in 2016 under the Companies Act, of 2013.
- Nodal Ministry:Ministry of Corporate Affairs
