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of <h1>Amended Rules for Investor Education Fund Now Include SBI Subsidiaries; Effective May 2019, Rule 3 Updated.</h1> The Central Government has amended the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016, effective from May 1, 2019. The amendments update the definitions and entities involved, particularly concerning the State Bank of India and its subsidiaries. The changes include substituting references to the State Bank of India Act, 1955, and incorporating entities required to transfer funds to the Investor Education and Protection Fund as per relevant statutes. Additionally, modifications in rule 3 introduce references to section 38A of the State Bank of India Act, 1955, within the context of banking company regulations.
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