Companies Act

Govt. appoints Chairman and members of Investor Education and Protection Fund Authority (IEPF)

Govt. appoints Chairman and members of Investor Education and Protection Fund Authority (IEPF)

MINISTRY OF CORPORATE AFFAIRS

NOTIFICATION

New Delhi, 8 July, 2020

S.O. 2282(E).—In exercise of the powers conferred by sub-sections (5) and (6) of section 125 of the Companies Act, 2013 (18 of 2013) read with rules 5 and 7 of the Investor Education and Protection Fund Authority (Appointment of Chairperson and Members, holding of meetings and provision for offices and officers) Rules, 2016 (herein after referred to as the said rules), the Central Government hereby appoints the person at serial number 1 as Chairperson and the persons at serial numbers 2 and 5 to 7 as Members to the Investor Education and Protection Fund Authority with effect from the date of publication of this notification and for that purpose, the Central Government hereby makes the following amendments in the notification of the Government of India in the Ministry of Corporate Affairs published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii) vide number S.O. 3756(E) dated the 28th November, 2017 namely:-

In the said notification,-(i)for serial number 1, 2 and 5 to 7 the entries relating thereto, the following serial numbers and entries shall be substituted, namely:-

Sl. No	Particulars	Designation
“1.	Shri Rajesh Verma, Secretary, Ministry of Corporate Affairs, Shastri Bhawan, New Delhi-110001	Chairperson-ex –officio (till he holds the post of Secretary in the Ministry of Corporate Affairs)
2.	Shri Anil K. Sharma Executive Director, Reserve Bank of India	Member, ex -officio (till he holds the post of Executive Director in the Reserve Bank of India.)
5.	Shri P. S. Narasimha H-373, Sector 15A, Noida,Gautam Buddha nagar, Uttar Pradesh, 201301	Member
6.	Shri Rakesh Jain, W-32, Greater Kailash, Part-II,New Delhi-110048	Member
7.	Shri Gopal V. Kumar, 3201, Grandeur Vasant Marval, Borivali East, Mumbai -110019	Member

(ii) for paragraph 2, the following paragraph shall be substituted, namely:-

“2.The term of office of members at serial numbers 4 to 7 shall be governed by rule 8 of the Investor Education and Protection Fund Authority (Appointment of Chairperson and Members, holding of meetings and provision for offices and officers) Rules, 2016 and they shall be entitled for reimbursement of actual expenditure incurred for attending the meetings as per the provisions of sub-rule (10) of rule 11 of the said rules.”

[F.No.05/27/2013-IEPF (Pt.I)

]MANOJ PANDEY, Jt.Secy.

Note:-The principal notification was published in the Gazette of India, Part II, section 3, sub section (ii) vide number S.O. 1647 (E), dated 2nd May, 2016, and subsequently amended vide number S.O. 3756(E), dated the 28th November, 2017.

Download Notification Click Here >>

AO took a reasonable stand that 25 kg written in WhatsApp chat was 25 lakh – ITAT

Assessing Officer had taken a reasonable stand that 25 kg written in WhatsApp chat/text message was 25 lakh - ITAT…

9 hours ago

Income Tax

Shareholders can’t be taxed for income from properties owned by the company – HC

Shareholders are only owners of the shares of the company therefore, income from properties earned by the company cannot be…

11 hours ago

Income Tax

Jurisdictional error in reassessment approval can’t be shielded by the law of limitation

When approval for reassessment was granted by unauthorised authority, such jurisdictional error cannot be shielded by the law of limitation…

13 hours ago

Income Tax

ITAT ought to remanded whole matter of bogus purchases instead of profit determination

ITAT on presumption of bogus purchases ought to have remanded case to AO to reconsider the whole matter instead of…

14 hours ago

Income Tax

Where proceedings u/s 153C barred by limitation, AO can’t invoke section 148 & 148A

Where proceedings u/s 153C are barred by limitation, AO can not reopen the case invoking section 148 and 148A of…

1 day ago

bankruptcy

Corporate guarantees executed by corporate debtor constitute “financial debt” under IBC

Corporate guarantees executed by the corporate debtor constitute “financial debt” under IBC and banks to be recognized as financial creditors…