Investor Education and Protection Fund: Authority administers it; unpaid dividends, shares and related receipts credited and transferred. The Authority administers the Investor Education and Protection Fund. Credited to the Fund are specified statutory sums including amounts under section 125, shares and their benefits, grants, fees, other designated receipts, income earned by the Authority, and unpaid interest on term deposits and debentures transferred with matured amounts. Funds are first deposited in the Consolidated Fund of India and, after parliamentary appropriation, transferred to a non-interest bearing Public Account termed the IEPF Fund. Detailed accounting heads, budget provision rules, transfer procedures by the PAO, and recoupment with contra entries are prescribed for utilisation.
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Provisions expressly mentioned in the judgment/order text.
Investor Education and Protection Fund: Authority administers it; unpaid dividends, shares and related receipts credited and transferred.
The Authority administers the Investor Education and Protection Fund. Credited to the Fund are specified statutory sums including amounts under section 125, shares and their benefits, grants, fees, other designated receipts, income earned by the Authority, and unpaid interest on term deposits and debentures transferred with matured amounts. Funds are first deposited in the Consolidated Fund of India and, after parliamentary appropriation, transferred to a non-interest bearing Public Account termed the IEPF Fund. Detailed accounting heads, budget provision rules, transfer procedures by the PAO, and recoupment with contra entries are prescribed for utilisation.
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