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TMI BlogInvestor Education and Protection Fund (awareness and protection of investors) Rules, 2001.X X X X Extracts X X X X X X X X Extracts X X X X ..... n and Protection Fund (IEPF) established under sub-section (1) of section 205C of the Act, 1956 (1 of 1956); (c) 'Ministry' or 'Department' means Ministry or Department of the Central Government dealing the Company Affairs; (d) 'Committee'/'Sub-Committee' means the Committee specified by Central Government under sub-section (4) of section 205C of the Act to administer the Fund. (e) 'Form' means forms prescribed by these rules; (f) Words and expressions used in these rules and not defined herein but defined in the Act shall have the meaning respectively assigned to them in the Act. 3. Credits to the Fund (i) Any amount required to be credited by the companies to the Fund, as provided in the Act shall be remitted into the concerned specified branches of Punjab National Bank, within a period of thirty days of such amounts becoming due to be credited to the Fund and the amount so credited shall be accounted for as provided in Rule 4 below : (ii) (a) The amount shall be tendered by the companies on behalf of the Central Government in such branches of Punjab National Bank along with Challan (in triplicate) and the Bank will return two copies duly stamped to the Company as to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... aid matured debentures. Note : (a) to (d) shall be sub-heads (i) to (iv) shall be detailed heads. (i) (B) Grants and donations given to the Fund by the State Governments, Companies or any other Institutions will be credited under a separate Sub-Head under the Minor Head '800 - Other Receipts' below the Major Head '0075--Miscellaneous General Services'. (ii) All expenditure for the purposes of carrying out the objects for which the Fund has been established shall be incurred under the functional head expenditure head of Department of Company Affairs and equivalent amount will be shown as deduct entry by transfer of amount from the fund. (iii) Surplus amount, if any, from the fund accounts shall not, for the present, be utilised for investment purpose. 5. Expenses of the Committee (a) The official member of the committee or sub-committee shall be entitled to Travelling Allowance according to the rules regulating their official position. (b) For Journeys performed by a non-official member of the Committee or sub-committee or a special invitee in connection with the work of the committee or a sub-committee shall be entitled for TA/DA as per Supplementary Rules of Central G ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... as been made the members of the sub-committee elect a convenor amongst themselves. (iv) The Committee may have sub-committee to examine the end use of grants and assistance and recommend release of funds. 8. Power to call upon a Company (i) The Committee shall have suo motu powers to call upon any company to pay the amount due to the Fund. (ii) Committee shall call upon any company to give estimates of the amounts to be credited to the Fund in Form 2. Report by the Committee 9. The Committee shall furnish its activity report for every six month's period to the Central Government. 10. Meetings (i) One-third of the total members subject to five members in the case of meeting of committee and three members in case of sub- committee meeting shall constitute a quorum. (ii) The Chairperson of the Committee and the convenor of a sub-committee, respectively, shall preside over the meetings of the Committee or the sub-committee as the case may be. In the event of the Chairperson or, as the case may be, the convenor being unable to attend the meeting for any reason, the members present may elect one amongst themselves to preside over the meeting. (iii) The Chairperson of th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ation and protection and proposing for Investors programmes; organising seminar, symposia and undertake projects for Investor Protection including research activities. (ii) Application for registration by such organisations referred to in sub-rule (i) be made in Form 3. (iii) Application for release of funds for the activities listed in Rule 7(1) from the organizations or Institutes registered with the Department of Company Affairs shall be made in Form 4. (iv) A copy of the summary or recommendations of the seminar or programme conducted and copy of accounts for such activity by such organisation, e.g., registered associations or chambers of commerce or institutes shall be provided to the Committee within ten days of the conclusion of the seminar or programme. (v) The Organisations or Associations registered shall be considered for grant of funds as a grant-in-aid either as one time measure or in stages or by way of reimbursement depending upon the nature of the activity proposed. (vi) The Committee shall be entitled to examine the end use of grants and assistance before recommending release of funds. (vii) The Committee shall cause to draw at the end of each financial yea ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lowing a. Unpaid dividend b. Unclaimed share application money c. Unclaimed matured deposits d. Unclaimed matured debentures e. Interest in respect of (a) to (d) 7. Relevant financial year in which amount is due for payment or redemption Signature of Person presenting the return: Date and Place Certificate from auditors Verified and found correct. Place Chartered Accountant/Cost Accountant/Company Date Secretary/Statutory Auditor Form No. 3 [See Rule 14] Application for registration Note: (1) Submission of the registration form does not necessarily guarantee automatic registration of funding. (2) Committee reserves the right to reject any application in its own discretion without assigning any reason thereof. (3) Committee may call for additional details as and when required for the purpose of granting registration. (4) Any false information furnished or false representation made shall make the application/registration liable for rejection/cancellation. 1. Name of Association: 2. Address: Tel. No./Fax No./E-mail 3. Year of Establishment: Registration No: and Date: 4. Principal office bearer: Address: 5. Organisational structure (a) Offic ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to time for its effective functioning and better discipline. (n) Whether any office bearer of the Association is a board member of any corporate entity. 9. Enclosures (i) Copies of Memorandum and Articles of Association, rules regulations/bye-laws (ii) Latest membership and their addresses. (iii) Copies of the audited statement of accounts/annual report for the last three years (iv) Copies of last 3 issues of the House magazine/journal, if any (v) A copy of the statement authenticating registration of the Association (vi) A statement elaborating details of activities of the Association. Signature (with name) President Vice-President Secretary Treasurer Form No. : 4 [See Rule 14] Application for Funds for Services/Programmes 1. Name of Applicant : 2. Address : Registered Office : Corporate Office Address : 3. Constitution : (Whether Association/Chamber of Commerce/Institute/Individual) 4. Date of Incorporation/Registration 5. Details (Number/Date) of recognition granted by Committee under rule 14 Existing activities : (i) Management : Board of Directors : (ii) Details relating to proposed seminar/programme/activity Date when to be conduc ..... X X X X Extracts X X X X X X X X Extracts X X X X
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