The Investor Education and Protection Fund Authority (IEPFA) is reaching out to stakeholders for their valuable insights to simplify, expedite and streamline the claims settlement process.

In line with its commitment to enhancing investor experience, IEPFA is soliciting comments from various stakeholders to reimagine the refund process under the Companies Act, 2013. The aim is to ensure a seamless and efficient mechanism for claim refunds from IEPF Authority.

Stakeholders are encouraged to provide their feedback through the following channels:

(i) Utilising the eConsultation module accessible at the Ministry of Corporate Affairs (MCA) website www.mca.gov.in.

(ii) Submitting suggestions via email to [email protected].

The deadline for submitting comments is 15^th April, 2024. Stakeholders are requested to submit their feedback in the prescribed format, which includes the Para of Draft Rules, Comments, and Justification:

https://www.mca.gov.in/bin/dms/getdocument?mds=i7TSThgz%252FIqmEYX2QHJsYQ%253D%253D&type=open.

The Notice inviting comments and the Consultation paper along with the draft rules are available for reference on the official website of the Authority, www.iepf.gov.in.

About IEPF Authority

IEPF Authority was established under sub-section (5) of section 125 of Companies Act, 2013 with the objective of promoting Investor Education, Awareness and Protection and for administration of the IEPF fund. It has undertaken a wide gamut of activities to accelerate the pace of investor education among the masses at large.

Claims settlement reform: stakeholder comments invited to streamline refund process under Companies Act and submission procedures. IEPFA has initiated a public consultation to streamline the claims settlement and refund process under the Companies Act, 2013 by inviting stakeholder comments on draft rules and procedural reforms. Stakeholders must submit feedback via the MCA eConsultation module or by email using the prescribed format linking draft rule paragraphs with comments and justifications; consultation materials and the prescribed format are available on the Authority's and MCA websites.