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Investor Education and Protection Fund Authority

2022 OCT 31

Preliminary   > Economic Development   >   Indian Economy and Issues   >   Government agencies

Why in news?

  • IEPFA organises an Investor Education, Awareness and Protection Conference in Srinagar.

About Investor Education and Protection Fund Authority (IEPFA):

  • IEPFA was established in 2016 under the Ministry of Corporate Affairs.
  • It administers the Investor Education protection fund and makes a refund of shares/unclaimed dividends/matured deposits to investors.
  • IEPF is funded by amounts such as dividends, applications money, matured deposits etc, which have remained unpaid or unclaimed for a period of 7 years.
  • The fund is maintained under the Consolidated Fund of India (Article 266).


Consider the following statements regarding Investor Education and Protection Fund Authority (IEPFA):

1. It is entirely funded by budgetary allocation

2. It was established under Ministry of Corporate Affairs

Which of the statements given above is/are correct?

(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2