On October 3, 2024, the Ministry of Corporate Affairs (MCA) issued a notification amending the Investor Education and Protection Fund Authority (Form of Annual Statement of Accounts) Rules, 2018, under the powers granted by the Companies Act, 2013. The amendment, referred to as the Investor Education and Protection Fund Authority (Form of Annual Statement of Accounts) Amendment Rules, 2024, will take effect upon publication in the Official Gazette. The key change in these rules is the substitution of the term “one member” with “the chief executive officer” in rule 5, sub-rule (2) of the original 2018 rules. This update aims to clarify the responsibility for the annual statement of accounts within the authority. The principal rules were initially published in the Gazette of India on October 11, 2018, under G.S.R. 1023(E).
MINISTRY OF CORPORATE AFFAIRS
NOTIFICATION
New Delhi, the 3rd October, 2024
G.S.R. 607(E).—In exercise of the powers conferred by sub-section (11) of section 125 read with section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Investor Education and Protection Fund Authority (Form of Annual Statement of Accounts) Rules, 2018, namely:-
1. (1) These rules may be called the Investor Education and Protection Fund Authority (Form of Annual Statement of Accounts) Amendment Rules, 2024.
(2) They shall come into force on the date of their publication in the Official Gazette.
2. In the Investor Education and Protection Fund Authority (Form of Annual Statement of Accounts) Rules, 2018, in rule 5, in sub-rule (2), for the words “one Member”, the words “the chief executive officer” shall be substituted.
[F. No. 05/01/2023-IEPF]
ANITA SHAH AKELLA, Jt. Secy.
Note.-The principal rules were published in the Gazette of India, Part II, Section 3, sub-section (i), vide number G.S.R. 1023(E), dated the 11th October, 2018.
