For administration of Investor Education and Protection Fund Government of India has on 7th September, 2016 established Investor Education and Protection Fund Authority under the provisions of section 125 of the Companies Act, 2013.
The Authority is entrusted with the responsibility of administration of the Investor Education Protection Fund (IEPF), make refunds of shares, unclaimed dividends, matured deposits/debentures etc. to investors and to promote awareness among investors.
The IEPF is to be utilized for
Explanation — The disgorged amount refers to the amount received through disgorgement or disposal of securities.
Secretary, Ministry of Corporate Affairs is the ex-officio Chairman of the authority. Apart from the chairperson the authority comprises Five Members, CEO and other Officers and Staff.
Ministry of Corporate Affairs
Government of India
Reserve Bank of India
Securities and Exchange Board of India
SRB & Associates
Former Secretary to the Govt. of India
and Member Secretary, Law Commission of India
Competition Appellate Tribunal
Investor Education and Protection Fund Authority