What is the purpose of investor education and protection fund?
Investor Education and Protection Fund (IEPF) is for promotion of investors’ awareness and protection of the interests of investors. This website is an information providing platform to promote awareness, and it does not offer any investment advice or evaluation.
How do I claim unclaimed dividends?
To claim unclaimed dividend within seven years from the declaration, you have to contact the respective fund house or the Registrar & Transfer Agent of the concerned fund house and provide them with the folio number, bank account number and KYC proofs.
Who set up the Investor Education and Protection Fund?
Government of India
Investor Education and Protection Fund Authority was established by Government of India on 7 th September, 2016 for administration of Investor Education and Protection Fund under the provisions of section 125 of the Companies Act, 2013. Last Updated: 23 May 2021.
How do I claim Investor Protection Fund?
Procedure to claim Refund
- Download the form IEPF-5 from the website of IEPF (http://www.iepf.gov.in) for filing the claim for refund.
- After filling the form save it on your computer and submit the duly filled form by following the instructions given in the upload link on the website.
What do you mean by investor protection?
Investor Protection According to the SEBI Act, 1992 Investor protection is. ‘protecting the interest of the investors in securities and promoting the. development of and to regulate the securities market and for matters connected. therewith or incidental thereto.’
What is folio number?
In mutual funds, a folio number is a unique number identifying your account with the fund. A folio number also records items such as how much money each investor has placed with the fund, their transaction history, and contact details. A folio number can also be used to identify journal entries or parcels of land.
How do I claim unclaimed dividends after 7 years?
1. As per Section 125(2)(c) of the Companies Act, 2013 any dividend amounts, which remains unpaid or unclaimed for a period of 7 years from the date they became due for payment, shall be finally transferred by the company to the IEPF.
What happens if dividends are not paid?
When a company can’t pay any dividends and then realizes enough revenues to start paying again, preferred shareholders may have back dividends due if the stock is considered cumulative. If it’s designated non-cumulative, only the current dividend is due.
What is investor protection fund?
The Investors’ Protection Fund may provide compensation against a genuine and bonafide claim made by any client, who has either not received the securities bought from a trading member for which the payment has been made by such client to the trading member thereagainst or has not received the payment for the …
What are the features of investor protection fund?
What are the basic needs for investor protection?
Proper and timely disclosures are central to safeguarding investor interests. The law should ensure a disclosure regime that compels companies to disclose material information on a continuous, timely and equitable basis. Information should be disclosed when it is still relevant to the market.
What is the main purpose of investors protection?
The term investor protection defines the entity of efforts and activities to observe safeguard and enforce the rights and claims of a person in his role as an investor.
When did investor protection measures by SEBI start?
Investor protection measures by SEBI follows the slogan ‘An informed investor is a safe investor’. SEBI has thus launched the Securities Market Awareness Campaign in January 2003.
Who is the iepf investor education and Protection Fund?
IEPF (Investor Education & Protection Fund) SUSTAINABLE SOLUTIONS IN ENERGY AND ENVIRONMENT Thermax Group is an INR 6,123 Cr. (876 million US$) company headquartered in Pune, India. Its business portfolio includes products for heating, cooling,
Who is responsible for investor protection in India?
Securities and Exchange Board of India (SEBI) is responsible for regulations of the Mutual Funds and safeguard the interests of the investors. Investor protection measures by SEBI are in place to safeguard the investors from the malpractices in shares, the stock market, Mutual Fund, etc. What is Investor Protection?
Which is approved asset management company ( AMC ) approved by SEBI?
Asset Management Company (AMC) approved by SEBI manages the funds by making investments in various types of securities. Custodian, who is registered with SEBI, holds the securities of various schemes of the fund in its custody. The trustees are vested with the general power of superintendence and direction over AMC.