Advantages of IEPF - Investor Education and Protection FundPosted by Infiny Solution on April 17th, 2023 Protect yourself from the financial crisis with IEPFIEPF is a unique fund that was created to help protect investors and offer them education. It has many advantages, which is why it’s such an important resource for those looking to invest. Some of the key benefits include its ability to provide financial assistance during times of crisis, support investor education initiatives, and create a safer investment environment for everyone involved. If you’re interested in learning more about IEPF recovery or want to find out if it’s the right option for you, keep reading. We’ll go over everything you need to know about this valuable fund. Save Your Money with the Help of the IEPF AuthorityThe government has established an Investor Education and Protection Fund Authority to administer the benefits of shares unclaimed dividends, matured deposits/debentures etc. among investors in a professional manner through its refunding policy which is beneficial for both investors as well company’s interest. The establishment will promote awareness about this scheme among potential candidates so that the maximum amount can be generated according to Companies Act 2013 Section 125. Know about the 7-year time limit for claims against a fund or company!The Investor Education and Protection Fund was established under Section 205C of the Companies Act, 1956 to promote awareness protection interests investors. It also provided in Amendment act that no claims shall lie against a fund or company seven years from the date they first became due payments; moreover, payment cannot be made unless a claim of shares from IEPF filed within the permitted time period has passed without success. Unpaid and unclaimed amounts for the following purposes will be credited to the Fund after a period of seven years:
How does IEPF recovery work (legislation)Section 124 of the Companies Act, 2013
Companies Act, 2013The Parliament passed the Companies Act, 2013 on 29 August 2013 and received the President’s approval. The Act consolidates and updates existing company law. On 30 August 2013, the Companies Act, 2013 was published in the Official Gazette. A notification issued on 12 September 2013 has implemented certain provisions of the Act. IEPF recovery can help you manage risk (Benefits)
InitiativesIEPF has taken many initiatives to increase investors’ awareness and education. These include: The Investor Awareness Program aims to create awareness about the securities market and investor rights. The Investor Education Program provides educational resources and programs on various aspects of investing. The Investor Protection Program offers protection to investors against fraud and misrepresentation. The IEPF also offers a toll-free helpline, which investors can use to get information about the fund or to make a complaint. Awareness ProgrammesThe IEPF Authority has taken a proactive approach to fulfilling its duty of informing, educating, and protecting investors. In order to achieve its objective, the Authority has implemented a 360-degree strategy that includes direct investor contact campaigns, media advertising, and meetings with other participants in order to educate stakeholders including housewives, professionals, and others in rural and urban areas. Urban areasThe Authority organizes investor awareness programmes in association with institutes like the Institute of charted Accountants of India, Institute of Cost Accountants of India, and Institute of Company Secretaries of India. Rural areasThe programmes focus on the basics of investing, capital markets, savings, household budget, etc. in rural areas with the help of CSC e-governance Services Private Limited and Common Service Centres. Development of IEC materialsThe Indian government is developing multilingual information, education, and communication booklets and films to create awareness about investor fraud. Joint Awareness CampaignThe Reserve Bank of India, Securities, and Exchange Board of India & Department of Consumer Affairs have launched a Joint Awareness campaign to increase investor awareness. ConclusionIEPF is a valuable resource for investors, offering many benefits that can help create a safer and more informed investing environment. If you’re interested in learning more about IEPF or want to find out if it’s the right option for you, be sure to contact a financial advisor. Please do not hesitate to contact us. Our team of specialists would be delighted to assist you in investing in IEPF and beginning to enjoy its numerous benefits. Like it? Share it!More by this author |