INVESTOR EDUCATION AND PROTECTION FUND

To protect the interests of investors in securities and to promote the development, Investor Education and Protection Fund (IEPF) has been set-up under Section 205C of the Companies Act, 1956 by way of the Companies (Amendment) Act, 1999.

The following amounts which have remained unclaimed and unpaid for a period of seven years from the date they became due for payment shall be credited to the IEPF:-

(a) Unpaid dividend accounts of the companies;

(b) The application moneys received and due for refund;

(c) Matured deposits;

(d) The interest accrued in the amounts referred to in clauses (a) to (d);

(e) matured debentures;

(f) Grants and donations by the Central Govt., State Govt., companies or

any other institutions ;

(g) The interest or other income received out of the investments made

from the Fund..

The Fund has been established with a view to support the activities relating to investor education, awareness and protection. Following are the objectives/ activities of the Fund:-

• Educating investors about market operations.

• Equipping investors to analyze information to take informed decisions.

• Making investors aware about market volatility.

•  Empowering the investors by making them aware of their rights and responsibilities under various laws.

• Continuously disseminating information about unscrupulous elements and unfair practices in securities market.

• Broadening the investors’ base by encouraging new investors to participate in securities market.

• Promoting research and investor surveys to create a knowledge base that facilitate informed policy decisions.

Any person claiming to be entitled to the amount referred the above, may apply to the authority (Investor Education and Protection Fund Authority) for the payment of the money claimed.

We are assisting all investors for getting back there and dividend share from Government of India (GOI). The process for receiving the shares back from GOI is tedious and long legal process that we have to comply with.