The Ministry of Law, Justice, and Company Affairs has constituted a committee to oversee the Investor Education and Protection Fund (IEPF) as per Section 205C of the Companies Act, 1956. The committee, formed through a notification dated 11th November 1999, includes representatives such as T.S. Krishna Murthy as Chairman, Ms. Sucheta Dalai, N.S. Chopra, and members from organizations like the Reserve Bank of India and SEBI. The committee’s responsibilities include managing the IEPF, maintaining separate accounts, and ensuring compliance in consultation with the Comptroller and Auditor General of India. The members will serve a two-year term from the date of notification.
MINISTRY OF LAW, JUSTICE & COMPANY AFFAIRS
(Department of Company Affairs)
NOTIFICATION
New Delhi, the 11th November 1999
S.O. 1087 (E).—In exercise of the powers conferred by sub-section (4) of section 205C of the Companies Act, 1956 (1 of 1956), the Central Government hereby constitutes a Committee consisting of the following persons to administer the Investor Education and Protection Fund and to maintain separate accounts and other relevant records in relation to that Fund in such form as may be prescribed in consultation with the Comptroller and Auditor General of India, namely :—
S/Shri
| 1. | T. S. Krishna Murthy, Secretary. Department of Company Affairs | –Chairman |
| 2. | Ms. Sucheta Dalai, Mumbai | —Member |
| 3. | N. S. Chopra, Member ITAT (Retd.), New Delhi | —Member |
| 4. | K.B. Dabke, Chartered Accountant, Mumbai | –Member |
| 5. | S. Nandagopal, Chartered Accountant, Chennai | —Member |
| 6. | Manubhai Shah, Managing Trustee. Consumer Education and Research Centre, Ahmedabad | —Member |
| 7. | A.K. Narayan. President, Tamil Nadu Investors Association, Chennai | —Member |
| 8. | M.D. Dasari, General Manager, Reserve Bank of India | —Member |
| 9. | Ashok Kackar, Executive Director, Securities and Exchange Board of India | —Member |
| 10. | Shri Udaya Bhaskar Nair. Nagpur | —Member |
| 11. | Shri H. Raja, Chartered Accountant, Karaikudy, Tamil Nadu. | —Member |
2. The Members of the Committee shall hold office for a period of two years with effect from the date of publication of this notification.
[F. No. 1115/99-C.L.V.]
R.D. JOSHI, Jt. Secy.
