BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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RBI
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SIDBI
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Bombay Stock Exchange
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Ministry of Finance
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Detailed explanation-1: -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.
Detailed explanation-2: -12.1 The Government has established an Investor Education and Protection Fund (IEPF) under Sec. 205 C of the Companies Act, 1956 under which unclaimed funds on account of dividends, matured deposits, matured debentures, share application money etc.
Detailed explanation-3: -Investor Education and Protection Fund(IEPF) According to the act, the company which has completed seven years in the business should hand over all the unclaimed fund dividends, matured deposits, and Debentures, share application money etc. to the Government through IEPF.