Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Amendment Rules, 2019 - F. No. 05/01/2019-IEPF - G.S.R. 343 (E) - Companies Law
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Investor Education and Protection Fund amendment broadens entities required to transfer funds and adds a banking law cross reference. Amendment broadens the definition of entities required to transfer funds to the Investor Education and Protection Fund by substituting rule 2(1)(d to include the State Bank of India constituted under the State Bank of India Act, subsidiary bank as defined under the Subsidiary Bank Act, and any other entity mandated by its governing enactment; and inserts an additional cross reference in rule 3(2)(g to a sub section of the State Bank of India Act following the existing Banking Companies Act reference.
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Investor Education and Protection Fund amendment broadens entities required to transfer funds and adds a banking law cross reference.
Amendment broadens the definition of entities required to transfer funds to the Investor Education and Protection Fund by substituting rule 2(1)(d to include the State Bank of India constituted under the State Bank of India Act, subsidiary bank as defined under the Subsidiary Bank Act, and any other entity mandated by its governing enactment; and inserts an additional cross reference in rule 3(2)(g to a sub section of the State Bank of India Act following the existing Banking Companies Act reference.
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