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With reference to the Investor Education & Protection Fund Authority (IEPFA), consider the following statements:
1. It is a statutory body under Companies Act 2013.
2. It is under the Union ministry of Finance.
Which of the statements given above is/are correct?
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
With reference to the Investor Education & Protection Fund Authori...
Union Minister of Corporate Affairs launched “Hisaab Ki Kitaab”.
  • Hisab Ki Kitaab is a series of 6 short films/modules of Investor Education & Protection Fund Authority (IEPFA).
  • It has been developed by CSC eGov as a part of their training tool.
  • There are 6 short films/ modules of 5 minutes duration each highlighting the importance of budget, saving, importance of Insurance schemes, various social security schemes of the government etc. thus promoting financial literacy.
About IEPF Authority:
  • Parent body: Union Ministry of Corporate Affairs.
  • Established in: 2016.
  • Status: A statutory body under Companies Act 2013.
  • Mandate: The Authority is entrusted with the responsibility of administration of the Investor Education Protection Fund (IEPF), make refunds of shares, unclaimed dividends, matured deposits/debentures etc. to investors and to promote awareness among investors.
  • Administration: Secretary Ministry of the Corporate Affairs is the Chairperson of the Authority.
Hence only statement 1 is correct.
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With reference to the Investor Education & Protection Fund Authority (IEPFA), consider the following statements:1. It is a statutory body under Companies Act 2013.2. It is under the Union ministry of Finance.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?
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With reference to the Investor Education & Protection Fund Authority (IEPFA), consider the following statements:1. It is a statutory body under Companies Act 2013.2. It is under the Union ministry of Finance.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about With reference to the Investor Education & Protection Fund Authority (IEPFA), consider the following statements:1. It is a statutory body under Companies Act 2013.2. It is under the Union ministry of Finance.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the Investor Education & Protection Fund Authority (IEPFA), consider the following statements:1. It is a statutory body under Companies Act 2013.2. It is under the Union ministry of Finance.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?.
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