Infinysolutions

  The IEPF stands for Investor Education and Protection Fund for addressing the steadily expanding issue of individuals failing to remember their shareholdings in an organization. The IEPF recovery system was introduced by the government to educate investors and to safeguard their interests. The Government deals with any lost share moved to this account until the legitimate investors apply to get them transferred to their account. The profits on the shares stay unclaimed for quite a long time since individuals will more often than not fail to remember that they own the shares in any case. Regulatory Laws That Govern IEPF The Companies Act, 2013, and Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules established in 2016 are relevant to the IEPF. These regulations express that the financial backers get a limit of 30 days to guarantee the profit after its announcement by the government. If the profits and share dividends stay unclaimed eve...

  The IEPF or the Investor Education and Protection Fund are used for promoting awareness and protecting the interests of the investors. So, let’s talk about what are IEPF and IEPF recovery and the amounts that are transferred to IEPF. What is IEPF? Before knowing about IEPF recovery , you should know about what a company is. To explain legally, a company is a legal body that is able to own a particular amount of property and hence can sue or be sued under its own name. Though it has no specific meaning legally, to say generally, it is a group of people who work professionally and try to achieve a particular result. The IEPF or Investor Education and Protection Fund was a fund that was set up initially to pool in all the dividends, shared application money or interests, matured deposits debentures, etc., that have remained unclaimed for seven years.  All the money that is collected from those sources needs to be transferred to the fund known as IEPF.  The investors, who ...