TMI BlogInvestor Education and Protection FundX X X X Extracts X X X X X X X X Extracts X X X X ..... ( c ) the amount in the Unpaid Dividend Account of companies transferred to the Fund under sub-section (5) of section 124; ( d ) the amount in the general revenue account of the Central Government which had been transferred to that account under sub-section (5) of section 205A of the Companies Act, 1956 (1 of 1956), as it stood immediately before the commencement of the Companies (Amendment) Act, 1999 (21 of 1999), and remaining unpaid or unclaimed on the commencement of this Act; ( e ) the amount lying in the Investor Education and Protection Fund under section 205C of the Companies Act, 1956 (1 of 1956); ( f ) the interest or other income received out of investments ma ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ve suffered losses due to wrong actions by any person, in accordance with the orders made by the Court which had ordered disgorgement; ( d ) reimbursement of legal expenses incurred in pursuing class action suits under sections 37 and 245 by members, debenture-holders or depositors as may be sanctioned by the Tribunal; and ( e ) any other purpose incidental thereto,in accordance with such rules as may be prescribed: Provided that the person whose amounts referred to in clauses ( a ) to ( d ) of sub-section (2) of section 205C transferred to Investor Education and Protection Fund, after the expiry of the period of seven years as per provisions of the Companies Act, 1956 (1 of 1956), shall be entitl ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 0) The accounts of the Fund shall be audited by the Comptroller and Auditor- General of India at such intervals as may be specified by him and such audited accounts together with the audit report thereon shall be forwarded annually by the authority to the Central Government. (11) The authority shall prepare in such form and at such time for each financial year as may be prescribed its annual report giving a full account of its activities during the financial year and forward a copy thereof to the Central Government and the Central Government shall cause the annual report and the audit report given by the Comptroller and Auditor-General of India to be laid before each House of Parliament. - - statute, statutory provisions legis ..... X X X X Extracts X X X X X X X X Extracts X X X X
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