Question
Which of the following is NOT CORRECT about role of
investor Education and Protection Fund Authority? i. This fund shall be utilized for refund of unclaimed and unpaid amounts ii. These funds can be used for promotion of investors' awareness and protection of the interests of investors iii. These funds can also be utilised for digitalisation of the trading platformSolution
Investor Education and Protection Fund Authority has been constituted under the provisions of Companies Act, 2013 for administration of Investor Education and Protection Fund (IEPF). This fund shall be utilized for refund of unclaimed and unpaid amounts, promotion of investors' awareness and protection of the interests of investors etc. in accordance with provisions of section 125(3) of the Companies Act, 2013.
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