UPSC Exam > UPSC Questions > Which of the following statements is correctr...
Start Learning for Free
Which of the following statements is correctregarding the Investor Education andProtection Fund Authority (IEPFA)?
- a)It is an autonomous body set up under theaegis of the Ministry of Finance.
- b)It has been established under theprovisions of the Securities andExchange Board of India Act, 1992.
- c)It is a quasi-judicial body set up under theInsolvency and Bankruptcy Code, 2016.
- d)It has been set up to protect the interestsof investors under the Companies Act,2013.
Correct answer is option 'D'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Most Upvoted Answer
Which of the following statements is correctregarding the Investor Edu...
Investor Education and Protection Fund Authority (IEPFA)
The correct statement regarding the Investor Education and Protection Fund Authority (IEPFA) is option 'D', which states that it has been set up to protect the interests of investors under the Companies Act, 2013.
Explanation:
The Investor Education and Protection Fund (IEPF) was established under the Companies Act, 2013 with the objective of protecting the interests of investors and promoting investor awareness. The IEPF is a statutory fund where unclaimed dividends, matured deposits, debentures, and other amounts that have remained unclaimed or unpaid for a period of seven years are transferred.
Key Points:
- Objective: The primary objective of the IEPF is to promote investor education, awareness, and protection.
- Authority: The IEPF Authority is responsible for administering the fund and ensuring its proper utilization.
- Composition: The IEPF Authority is composed of a Chairperson and other members appointed by the Central Government.
- Functions: The IEPF Authority performs various functions such as receiving and managing the unclaimed amounts transferred to the fund, conducting investor education and awareness programs, and taking measures to protect the interests of investors.
- Utilization: The funds in the IEPF are utilized for various purposes such as refunding unclaimed dividends, matured deposits, and other amounts to the rightful claimants, promotion of investor education and awareness, and any other purposes specified by the Central Government.
- Investor Education: The IEPF Authority plays a crucial role in promoting investor education and awareness through various initiatives such as organizing seminars, workshops, and campaigns to educate investors about their rights and responsibilities.
- Protection of Investors: The IEPF Authority takes measures to protect the interests of investors by ensuring compliance with the provisions of the Companies Act, investigating complaints of fraud or unfair practices, and initiating appropriate action against defaulting companies.
In conclusion, the correct statement regarding the Investor Education and Protection Fund Authority (IEPFA) is that it has been set up to protect the interests of investors under the Companies Act, 2013. The IEPFA plays a vital role in safeguarding the rights of investors and promoting investor education and awareness.
The correct statement regarding the Investor Education and Protection Fund Authority (IEPFA) is option 'D', which states that it has been set up to protect the interests of investors under the Companies Act, 2013.
Explanation:
The Investor Education and Protection Fund (IEPF) was established under the Companies Act, 2013 with the objective of protecting the interests of investors and promoting investor awareness. The IEPF is a statutory fund where unclaimed dividends, matured deposits, debentures, and other amounts that have remained unclaimed or unpaid for a period of seven years are transferred.
Key Points:
- Objective: The primary objective of the IEPF is to promote investor education, awareness, and protection.
- Authority: The IEPF Authority is responsible for administering the fund and ensuring its proper utilization.
- Composition: The IEPF Authority is composed of a Chairperson and other members appointed by the Central Government.
- Functions: The IEPF Authority performs various functions such as receiving and managing the unclaimed amounts transferred to the fund, conducting investor education and awareness programs, and taking measures to protect the interests of investors.
- Utilization: The funds in the IEPF are utilized for various purposes such as refunding unclaimed dividends, matured deposits, and other amounts to the rightful claimants, promotion of investor education and awareness, and any other purposes specified by the Central Government.
- Investor Education: The IEPF Authority plays a crucial role in promoting investor education and awareness through various initiatives such as organizing seminars, workshops, and campaigns to educate investors about their rights and responsibilities.
- Protection of Investors: The IEPF Authority takes measures to protect the interests of investors by ensuring compliance with the provisions of the Companies Act, investigating complaints of fraud or unfair practices, and initiating appropriate action against defaulting companies.
In conclusion, the correct statement regarding the Investor Education and Protection Fund Authority (IEPFA) is that it has been set up to protect the interests of investors under the Companies Act, 2013. The IEPFA plays a vital role in safeguarding the rights of investors and promoting investor education and awareness.
Free Test
FREE
| Start Free Test |
Community Answer
Which of the following statements is correctregarding the Investor Edu...
- The Investor Education and Protection Fund Authority (IEPFA) was set up in 2016, under the aegis of the Ministry of Corporate Affairs, Government of India, for administering the Investor Education and Protection Fund.
- Investor Education and Protection Fund Authority was established under the provisions of section 125 of the Companies Act, 2013. Hence option (d) is the correct answer.
- The IEPFA Authority is entrusted with the responsibility of administration of the Investor Education Protection Fund (IEPF), making refunds of shares, unclaimed dividends, matured deposits/debentures etc. to investors, promoting awareness among investors, and protecting the interests of the investors.
- Investor Education and Protection Fund is utilized for
- The refund in respect of unclaimed dividends, matured deposits, matured debentures, the application money due for refund and interest thereon
- Promotion of investors’ education, awareness and protection
- Distribution of any disgorged amount among eligible and identifiable applicants for shares or debentures, shareholders, debenture-holders or depositors who have suffered losses due to wrong actions by any person, in accordance with the orders made by the Court which had ordered disgorgement
Attention UPSC Students!
To make sure you are not studying endlessly, EduRev has designed UPSC study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in UPSC.
|
Explore Courses for UPSC exam
|
|
Similar UPSC Doubts
Top Courses for UPSCView all
Which of the following statements is correctregarding the Investor Education andProtection Fund Authority (IEPFA)?a)It is an autonomous body set up under theaegis of the Ministry of Finance.b)It has been established under theprovisions of the Securities andExchange Board of India Act, 1992.c)It is a quasi-judicial body set up under theInsolvency and Bankruptcy Code, 2016.d)It has been set up to protect the interestsof investors under the Companies Act,2013.Correct answer is option 'D'. Can you explain this answer?
Question Description
Which of the following statements is correctregarding the Investor Education andProtection Fund Authority (IEPFA)?a)It is an autonomous body set up under theaegis of the Ministry of Finance.b)It has been established under theprovisions of the Securities andExchange Board of India Act, 1992.c)It is a quasi-judicial body set up under theInsolvency and Bankruptcy Code, 2016.d)It has been set up to protect the interestsof investors under the Companies Act,2013.Correct answer is option 'D'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Which of the following statements is correctregarding the Investor Education andProtection Fund Authority (IEPFA)?a)It is an autonomous body set up under theaegis of the Ministry of Finance.b)It has been established under theprovisions of the Securities andExchange Board of India Act, 1992.c)It is a quasi-judicial body set up under theInsolvency and Bankruptcy Code, 2016.d)It has been set up to protect the interestsof investors under the Companies Act,2013.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following statements is correctregarding the Investor Education andProtection Fund Authority (IEPFA)?a)It is an autonomous body set up under theaegis of the Ministry of Finance.b)It has been established under theprovisions of the Securities andExchange Board of India Act, 1992.c)It is a quasi-judicial body set up under theInsolvency and Bankruptcy Code, 2016.d)It has been set up to protect the interestsof investors under the Companies Act,2013.Correct answer is option 'D'. Can you explain this answer?.
Which of the following statements is correctregarding the Investor Education andProtection Fund Authority (IEPFA)?a)It is an autonomous body set up under theaegis of the Ministry of Finance.b)It has been established under theprovisions of the Securities andExchange Board of India Act, 1992.c)It is a quasi-judicial body set up under theInsolvency and Bankruptcy Code, 2016.d)It has been set up to protect the interestsof investors under the Companies Act,2013.Correct answer is option 'D'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Which of the following statements is correctregarding the Investor Education andProtection Fund Authority (IEPFA)?a)It is an autonomous body set up under theaegis of the Ministry of Finance.b)It has been established under theprovisions of the Securities andExchange Board of India Act, 1992.c)It is a quasi-judicial body set up under theInsolvency and Bankruptcy Code, 2016.d)It has been set up to protect the interestsof investors under the Companies Act,2013.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following statements is correctregarding the Investor Education andProtection Fund Authority (IEPFA)?a)It is an autonomous body set up under theaegis of the Ministry of Finance.b)It has been established under theprovisions of the Securities andExchange Board of India Act, 1992.c)It is a quasi-judicial body set up under theInsolvency and Bankruptcy Code, 2016.d)It has been set up to protect the interestsof investors under the Companies Act,2013.Correct answer is option 'D'. Can you explain this answer?.
Solutions for Which of the following statements is correctregarding the Investor Education andProtection Fund Authority (IEPFA)?a)It is an autonomous body set up under theaegis of the Ministry of Finance.b)It has been established under theprovisions of the Securities andExchange Board of India Act, 1992.c)It is a quasi-judicial body set up under theInsolvency and Bankruptcy Code, 2016.d)It has been set up to protect the interestsof investors under the Companies Act,2013.Correct answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC.
Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.
Here you can find the meaning of Which of the following statements is correctregarding the Investor Education andProtection Fund Authority (IEPFA)?a)It is an autonomous body set up under theaegis of the Ministry of Finance.b)It has been established under theprovisions of the Securities andExchange Board of India Act, 1992.c)It is a quasi-judicial body set up under theInsolvency and Bankruptcy Code, 2016.d)It has been set up to protect the interestsof investors under the Companies Act,2013.Correct answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Which of the following statements is correctregarding the Investor Education andProtection Fund Authority (IEPFA)?a)It is an autonomous body set up under theaegis of the Ministry of Finance.b)It has been established under theprovisions of the Securities andExchange Board of India Act, 1992.c)It is a quasi-judicial body set up under theInsolvency and Bankruptcy Code, 2016.d)It has been set up to protect the interestsof investors under the Companies Act,2013.Correct answer is option 'D'. Can you explain this answer?, a detailed solution for Which of the following statements is correctregarding the Investor Education andProtection Fund Authority (IEPFA)?a)It is an autonomous body set up under theaegis of the Ministry of Finance.b)It has been established under theprovisions of the Securities andExchange Board of India Act, 1992.c)It is a quasi-judicial body set up under theInsolvency and Bankruptcy Code, 2016.d)It has been set up to protect the interestsof investors under the Companies Act,2013.Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of Which of the following statements is correctregarding the Investor Education andProtection Fund Authority (IEPFA)?a)It is an autonomous body set up under theaegis of the Ministry of Finance.b)It has been established under theprovisions of the Securities andExchange Board of India Act, 1992.c)It is a quasi-judicial body set up under theInsolvency and Bankruptcy Code, 2016.d)It has been set up to protect the interestsof investors under the Companies Act,2013.Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Which of the following statements is correctregarding the Investor Education andProtection Fund Authority (IEPFA)?a)It is an autonomous body set up under theaegis of the Ministry of Finance.b)It has been established under theprovisions of the Securities andExchange Board of India Act, 1992.c)It is a quasi-judicial body set up under theInsolvency and Bankruptcy Code, 2016.d)It has been set up to protect the interestsof investors under the Companies Act,2013.Correct answer is option 'D'. Can you explain this answer? tests, examples and also practice UPSC tests.
|
|
Explore Courses for UPSC exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup