MCA Update – Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Amendment Rules, 2024

(1) These rules may be called the Investor Education and Protection Fund Authority (Accounting, Audit,Transfer and Refund) Amendment Rules, 2024.
(2) These rules shall come into force on the date of their publication in the Official Gazette. 
2. In the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 (hereinafter referred to as the said rules), –
(a) for the letters and figures, “IEPF-3”, wherever they occur, the letters and figures, “IEPF-4”, shall be substituted; 
(b) for the letters and figures, “IEPF-7”, wherever they occur, the letters and figures, “IEPF- 1”, shall be substituted.

RuleInvestor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Amendment Rules, 2024Comments
Rule 6 sub-rule(13)Any amount required to be credited by the companies to the Fund as provided under sub-rules (10), (11) and sub-rule (12) shall be remitted into the specified account of the IEPF Authority maintained in the Punjab National Bank and the details thereof shall be furnished to the Authority Form No IEPF -7  within thirty days from the date of remittance or within thirty days from the date of enforcement of these Rules, as the case may be.Any amount required to be credited by the companies to the Fund as provided under sub-rules (10), (11) and sub-rule (12) shall be remitted “online to the Authority within a period of thirty days from the date such amount becomes due”;and the details thereof shall be furnished to the Authority Form No IEPF -7  within thirty days from the date of remittance or within thirty days from the date of enforcement of these Rules, as the case may be.for the words, “into the specified account of the IEPF Authority maintained in the Punjab National Bank”, the words “online to the Authority within a period of thirty days from the date such amount becomes due” shall be substituted; the words, “within thirty days from the date of remittance or within thirty days from the date of enforcement of these Rules, as the case may be” shall be omitted
Rule 6A sub rule 12Any amount required to be credited by the companies to the Fund as provided under sub-rules (9), (10) and sub-rule (11) shall be remitted into the specified account of the IEPF Authority maintained in the Punjab National Bank and the details thereof shall be furnished to the Authority in Form No. IEPF-7 within thirty days from the date of remittanceAny amount required to be credited by the companies to the Fund as provided under sub-rules (9), (10) and sub-rule (11) shall be remitted online to the Authority [and the details thereof shall be furnished to the Authority in Form No. IEPF-7 within thirty days such amount becoming due to be credited to the Fundfor the words, “into the specified account of the IEPF Authority maintained in the Punjab National Bank”, the words “online to the Authority” shall be substituted;  for the words, “from the date of remittance”, the words “of such amount becoming due to be credited to the Fund” shall be substituted.

Link – https://www.mca.gov.in/bin/dms/getdocument?mds=P8CBgh44cfDr98J2el6P6Q%253D%253D&type=open

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