Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016
Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016
Investor Education and Protection Fund rules define 'Company', 'Corporate action', and the Fund's scope and membership. Rule 2 defines terms for the IEPF Authority Rules, tying meanings to the Companies Act. It defines Act, Authority, Chairperson, Member and Section; ... Summary
Investor Education and Protection Fund rules define 'Company', 'Corporate action', and the Fund's scope and membership.
Rule 2 defines terms for the IEPF Authority Rules, tying meanings to the Companies Act. It defines Act, Authority, Chairperson, Member and Section; preserves Act-based definitions from other rules; expands "Company" to include specified banking entities and any entity required to transfer funds to the IEPF, including transferee companies; defines "Corporate action" to include transfers of shares and benefits such as bonus shares, splits, consolidations and fractional shares (excluding rights issue to the Authority); and distinguishes "Existing IEPF" from the "Fund" under section 125.
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