Consider the following statements about Investor Education and Protection Fund Authority.1. It is set up under the Ministry of Finance as a statutory body.2. It aims to administer the Investor Education and Protection Fund with the objective of promoting Investorandrsquo;s Education, Awareness and Protection.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Bothd)NoneCorrect answer is option 'B'. Can you explain this answer?

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Consider the following statements about Investor Education and Protection Fund Authority.
1. It is set up under the Ministry of Finance as a statutory body.
2. It aims to administer the Investor Education and Protection Fund with the objective of promoting Investor’s Education, Awareness and Protection.

Which of the above statements is/are correct?

a)
1 only
b)
2 only
c)
Both
d)
None

Correct answer is option 'B'. Can you explain this answer?

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Consider the following statements about Investor Education and Protect...

IEPF Authority is set up under the Ministry of Corporate Affairs, Government of India as a statutory body under Companies Act 2013.
It aims to administer the Investor Education and Protection Fund with the objective of promoting Investor’s Education, Awareness and Protection.
The Authority takes various initiatives to fulfil its objectives through Investor Awareness Programmes and various other mediums like Print, Electronic, Social Media, and Community Radio etc.
Composition: Secretary Ministry of Corporate Affairs is the Chairperson of the Authority. Joint Secretary Ministry of Corporate Affairs is the Chief Executive Officer of the Authority.

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Consider the following statements about Investor Education and Protection Fund Authority.1. It is set up under the Ministry of Finance as a statutory body.2. It aims to administer the Investor Education and Protection Fund with the objective of promoting Investor’s Education, Awareness and Protection.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Bothd)NoneCorrect answer is option 'B'. Can you explain this answer?

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