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    IEPF Authority in a major success recovers ₹ 1514 Cr of Depositors’Money: Just a beginning / A step towards Investor Protection
    Government E Marketplace (GeM) Closes FY 2018-19 on a High Note
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    April 23, 2019
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    Investor protection enforcement compels transfer of long-pending depositor funds and expands compliance reporting to recover unpaid investor monies.
    IEPF Authority enforced statutory transfer of long-pending depositor funds from a finance company into the Investor Education and Protection Fund, addressing widespread non-compliance by companies and NBFCs that retained matured deposits, unpaid dividends, or untransferred shares instead of remitting them to the Fund. The Authority is deploying an online facility to collect reports from retail investors about unpaid matured deposits and has issued thousands of information notices under company-law powers to compel disclosure and compliance.
    April 15, 2019
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    Public procurement platform adoption expands interoperability and compliance, enabling cashless, contactless e procurement across government buyers.
    GeM operates as a national Public Procurement Platform delivering standardized, transparent, cashless, contactless and paperless procurement for government buyers. Its operational model emphasises interoperability with government registries and financial systems, formalised payment and guarantee mechanisms through bank MoUs, integrated quality assurance via Quality Council linkage, and vendor onboarding plus capacity building to increase participation by MSMEs, women entrepreneurs and start ups.

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