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Central Scrutiny Centre (CSC) and Investor Education and Protection Fund Authority’s (IEPFA) Mobile App is an initiative of:
  • a)
    Ministry of Corporate Affairs
  • b)
    Ministry of Finance
  • c)
    Ministry of Science and Technology
  • d)
    None of the above
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
Central Scrutiny Centre (CSC) and Investor Education and Protection Fu...
Union Minister for Corporate Affairs launched Central Scrutiny Centre (CSC) and Investor Education and Protection Fund Authority’s (IEPFA) Mobile App — two tech-enabled initiatives by Ministry of Corporate Affairs (MCA).
Central Scrutiny Centre (CSC)
  • MCA being one of the key primary sources of corporate data, is required to ensure that the data quality is uncompromised and free from flaws.
  • With this objective in mind, the MCA has established a Central Scrutiny Centre
  • The Central Scrutiny Centre will scrutinize certain Straight Through Process (STP) Forms filed by the corporates on the MCA21 registry and flag the companies for more in-depth scrutiny.
Investor Education and Protection Fund Authority’s (IEPFA) Mobile App
  • The IEPFA Mobile App aims at achieving the goal of financial literacy, spreading investors’ awareness, education, and protection among investors.
  • The IEPFA App will have the facility of tracking the status and progress of the IEPF claim refund process. Moreover, it also provides a mechanism for investors and common citizens to report on the suspected fraudulent schemes.
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Central Scrutiny Centre (CSC) and Investor Education and Protection Fund Authority’s (IEPFA) Mobile App is an initiative of:a)Ministry of Corporate Affairsb)Ministry of Financec)Ministry of Science and Technologyd)None of the aboveCorrect answer is option 'A'. Can you explain this answer?
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