Investors’ Education Protection Fund (IEPF)

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..... WAI, ASSOCHAM RBI The Department has vide its Circular No. 22/2002 dated 23rd September, 2002 have clarified inter alia that the Investors' Education Protection Fund (IEPF) became operational only on 1st October 2001, and all amounts due for transfer between 1st November 1998 and 30th September 2001 should have been transferred to it within the grace period of 30 days, i.e., by 31st October, 200 .....

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..... (1) Issue of various debt instruments with varied interest dates; (2) Acceptance of fixed deposits from the public and shareholders over a long period of time; (3) Segregation of accounts in respect of debentures redemption proceeds, fixed deposit repayments and interest thereon was time consuming; (4) Manual maintenance of records by some companies requiring that old records had to be retrieve .....

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..... where compliance had actually been made by the company in question on or before 31st March, 2003, by deposit of the requisite amount into the IEPF, the objective of the said circular shall be deemed to have been satisfied and therefore a company need not be proceeded against for any penal action on grounds of delay upto 31.3.2003. All Regional Directors and Registrars of Companies are advised to t .....

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