In the event that you've caught wind of IEPF however don't have a clue what it really implies, you've gone to the ideal spot. We can assist you with understanding it better. As a matter of first importance, IEPF represents Investor Education and Protection Fund. We should cover all parts of this store individually.
As referenced previously, IEPF represents Investor Education and Protection Fund. In more straightforward words, it's a reserve set up under the Ministry of Corporate Affairs to help advance financial specialist mindfulness and insurance of speculator interests.
So as to support the IEPF, unclaimed profit, discounted application cash, developed organization stores and debentures, just as the enthusiasm on them, is utilized, if it isn't asserted inside seven years. To choose what extent of the cash gets used where the IEPF is checked by a trust.
The trust has been given the authority under subsection 4 to go through cash out of the IEPF. The Registrar of Companies outfits receipts and furthermore accommodates them with the sum transmitted and gathered from the concerned record official. The MCA (Ministry of Corporate Affairs) keeps up a united unique of every one of these receipts.
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