Investor Education and Protection Fund Authority

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).

PRACTICE QUESTION:

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

Answer