Home Acts & Rules Companies Law Rules Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 This
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Rule 2 - Definitions - Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016Extract 2. Definitions. - (1) In these rules. unless the context otherwise requires,- (a) Act means the Companies Act 2013 ; (b) Authority means the Investor Education and protection Fund Authority constituted under sub-section (5) of section 125 of the Act : (c) Chairperson means the chairperson of the authority appointed under sub-section (6) of section 125 of the Act ; 1 [(d) Company means a company defined in sub-section (20) of section 2 of the Act and includes corresponding new bank as defined in sub-section (d) of section 2 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 (5 of 1970) and clause (b) of section 2 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 (40 of 1980) 2 [ , State Bank of India constituted under section 3 of the State Bank of India Act, 1955 (23 of 1955), subsidiary bank as defined in clause (k) of section 2 of the State Bank of India (Subsidiary Bank) Act, 1959 (38 of 1959) and includes any other entity which is required to transfer any fund to Investor Education and Protection Fund in accordance with any Act or statute governing it 3 [ and any transferee company in respect of the assets and liabilities of transferor company ]] ; (da) Corporate action means any action taken by the company relating to transfer of shares and all the benefits accruing on such shares 4 [ including ] , bonus shares, split, consolidation, fraction shares etc., except right issue to the Authority;] (e) Existing IEPF means the Investor Education and Protection Fund (IEPF) constituted under section 205C of the Companies Acts 1956 (1 of 1956) ; (f) Fund means the Investor Education and Protection Fund (IEPF) constituted under section 125 of the Act ; 5 [****] (h) Member means member of the Authority appointed under sub-section (6) of section 125 of the Act ; and (i) Section means the section of the Act. (2) Words and expressions used in these rules and not defined herein but defined in the Act or in the Companies (Specification of Definitions Details) Rules, 2014 , shall have the Same meanings respectively assigned to them in the Act or in the said rules. ------------------- Notes:- 1. Substituted vide G.S.R. 178(E) - Dated 28-2-2017, w,e,f, 28th February, 2017 , before it was read as, (d) Company means company as defined in sub-section (20) of section 2 of the Act and includes corresponding new bank' as defined in sub-section (d) of section 2 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 (5 of 1970) and clause (b) of section 2 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 (40 of 1980); 2. Substituted vide NOTIFICATION [F. No. 05/01/2019-IEPF] dated 01-05-2019 before it was read as and subsidiary bank as defined in clause (k) of section 2 of State Bank of India (Subsidiary Bank) Act, 1959 (38 of 1959) 3. Inserted vide NOTIFICATION No. [F. No. 05/02/2019-IEPF] dated 14-08-2019 w.e.f. 20-08-2019 4. Substituted vide NOTIFICATION No. [F. No. 05/02/2019-IEPF] dated 14-08-2019 w.e.f. 20-08-2019 before it was read as namely 5. Omitted vide NOTIFICATION No. [F. No. 05/02/2019-IEPF] dated 14-08-2019 w.e.f. 20-08-2019 before it was read as (g) Investor means any person, who has committed money in shares, or debentures, bond or deposits under a scheme or plan of a company registered under the Act;
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