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      Question

      As per the Companies Act, IEPF is established by

      ________ under Section ________ and it can be used for ________.
      A SEBI; Section 124; protection of investors Correct Answer Incorrect Answer
      B Central Government; Section 125; promotion of investor education and protection of investorsтАЩ interests Correct Answer Incorrect Answer
      C Ministry of Finance; Section 124; promotion of investor education and refund of unpaid dividends Correct Answer Incorrect Answer
      D RBI; Section 125; and protection of investorsтАЩ interests and depositorsтАЩ interest Correct Answer Incorrect Answer
      E SEBI; Section 124; settlement of company liabilities Correct Answer Incorrect Answer

      Solution

      тАв The Investor Education and Protection Fund (IEPF) is established by the Central Government. тАв It is governed by Section 125 of the Companies Act, 2013. тАв The fund is utilised for: o Promotion of investor education o Protection of investorsтАЩ interests o Refund of unclaimed amounts to investors o Awareness programmes and related purposes Kindly Note: тАв Section 124 deals with transfer of unpaid/unclaimed amounts to IEPF, тАв Section 125 deals with establishment and utilisation of IEPF.

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