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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 investors’ 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 investors’ interests and depositors’ interest Correct Answer Incorrect Answer
    E SEBI; Section 124; settlement of company liabilities Correct Answer Incorrect Answer

    Solution

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

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