Investor Education Protection Fund Authority (IEPFA)
Central government of India had initially established a fund called Investor Education Protection Fund (IEPF) under section 205C of the Companies Act, 1956. Later, this fund is governed by section 125 of the Companies Act, 2013. This fund is the pool of matured deposits, dividends, interests, etc. unpaid and unclaimed for the period of seven years. As per section 125(2) of the Companies Act, 2013 following are credited to the IEPF:
For administration of IEPF, Government of India has on 7th September, 2016 established Investor Education and Protection Fund Authority (IEPA) under the provisions of section 125 of the Companies Act, 2013. The IEPFA is entrusted with the responsibility of making refunds of shares, unclaimed dividends, matured deposits/debentures etc. to investors and promoting the awareness and education among investors and thereby protecting their rights.
Constitution of Authority
Any amount/shares as specified above credited to IEPF can claimed by the claimant and accordingly, the said amount/shares shall be refunded to him.
To claim the amount/shares, the claimant may follow the following procedure: