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With reference to Investor Education and Protection Fund (IEPF), consider the following statements:
1. It is set up under the Companies Act, 2013 to increase awareness of investors and protect their interests.
2. It consists of only unclaimed amount from shares and bonds and no grant from the government is provided.
1. It is set up under the Companies Act, 2013 to increase awareness of investors and protect their interests.
2. It consists of only unclaimed amount from shares and bonds and no grant from the government is provided.
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?
Most Upvoted Answer
With reference to Investor Education and Protection Fund (IEPF), consi...
Investor Education and Protection Fund (IEPF)
Investor Education and Protection Fund (IEPF) is a fund established under the Companies Act, 2013, with the aim of increasing awareness among investors and protecting their interests. Let's analyze the given statements:
Statement 1: It is set up under the Companies Act, 2013 to increase awareness of investors and protect their interests.
- This statement is correct. The IEPF is indeed established under the Companies Act, 2013 to educate investors about their rights and responsibilities and to safeguard their interests in the Indian financial market.
Statement 2: It consists of only unclaimed amount from shares and bonds and no grant from the government is provided.
- This statement is incorrect. The IEPF consists not only of unclaimed amounts from shares and bonds but also includes dividends, deposits, and any other amount transferred by companies to the fund. Additionally, the government may provide grants to the IEPF to support its operations and investor protection initiatives.
In conclusion, only statement 1 is correct as per the description and functioning of the Investor Education and Protection Fund. It is essential for investors to be aware of such funds to safeguard their investments and seek redressal in case of any disputes or discrepancies.
Investor Education and Protection Fund (IEPF) is a fund established under the Companies Act, 2013, with the aim of increasing awareness among investors and protecting their interests. Let's analyze the given statements:
Statement 1: It is set up under the Companies Act, 2013 to increase awareness of investors and protect their interests.
- This statement is correct. The IEPF is indeed established under the Companies Act, 2013 to educate investors about their rights and responsibilities and to safeguard their interests in the Indian financial market.
Statement 2: It consists of only unclaimed amount from shares and bonds and no grant from the government is provided.
- This statement is incorrect. The IEPF consists not only of unclaimed amounts from shares and bonds but also includes dividends, deposits, and any other amount transferred by companies to the fund. Additionally, the government may provide grants to the IEPF to support its operations and investor protection initiatives.
In conclusion, only statement 1 is correct as per the description and functioning of the Investor Education and Protection Fund. It is essential for investors to be aware of such funds to safeguard their investments and seek redressal in case of any disputes or discrepancies.
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With reference to Investor Education and Protection Fund (IEPF), consider the following statements:1. It is set up under the Companies Act, 2013 to increase awareness of investors and protect their interests.2. It consists of only unclaimed amount from shares and bonds and no grant from the government is provided.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 UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to Investor Education and Protection Fund (IEPF), consider the following statements:1. It is set up under the Companies Act, 2013 to increase awareness of investors and protect their interests.2. It consists of only unclaimed amount from shares and bonds and no grant from the government is provided.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 UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to Investor Education and Protection Fund (IEPF), consider the following statements:1. It is set up under the Companies Act, 2013 to increase awareness of investors and protect their interests.2. It consists of only unclaimed amount from shares and bonds and no grant from the government is provided.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?.
With reference to Investor Education and Protection Fund (IEPF), consider the following statements:1. It is set up under the Companies Act, 2013 to increase awareness of investors and protect their interests.2. It consists of only unclaimed amount from shares and bonds and no grant from the government is provided.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 UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to Investor Education and Protection Fund (IEPF), consider the following statements:1. It is set up under the Companies Act, 2013 to increase awareness of investors and protect their interests.2. It consists of only unclaimed amount from shares and bonds and no grant from the government is provided.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 UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to Investor Education and Protection Fund (IEPF), consider the following statements:1. It is set up under the Companies Act, 2013 to increase awareness of investors and protect their interests.2. It consists of only unclaimed amount from shares and bonds and no grant from the government is provided.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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