IEPFA invites comments from stakeholders to simplify, expedite and streamline claims settlement process

The Investor Education and Protection Fund Authority (IEPFA) is reaching out to stakeholders for their valuable insights to simplify, expedite and streamline the claims settlement process.

In line with its commitment to enhancing investor experience, IEPFA is soliciting comments from various stakeholders to reimagine the refund process under the Companies Act, 2013. The aim is to ensure a seamless and efficient mechanism for claim refunds from IEPF Authority.

Stakeholders are encouraged to provide their feedback through the following channels:

(i) Utilising the eConsultation module accessible at the Ministry of Corporate Affairs (MCA) website www.mca.gov.in.

(ii) Submitting suggestions via email to iepfa.consultation@mca.gov.in.

The deadline for submitting comments is 15^th April, 2024. Stakeholders are requested to submit their feedback in the prescribed format, which includes the Para of Draft Rules, Comments, and Justification:

https://www.mca.gov.in/bin/dms/getdocument?mds=i7TSThgz%252FIqmEYX2QHJsYQ%253D%253D&type=open.

The Notice inviting comments and the Consultation paper along with the draft rules are available for reference on the official website of the Authority, www.iepf.gov.in.

About IEPF Authority

IEPF Authority was established under sub-section (5) of section 125 of Companies Act, 2013 with the objective of promoting Investor Education, Awareness and Protection and for administration of the IEPF fund. It has undertaken a wide gamut of activities to accelerate the pace of investor education among the masses at large.