Site navigation

Which one of the following is NOT a source of funding for the Investor Education and Protection Fund…

Unclaimed redemption money for preference shares is credited to the Investor Education and Protection Fund after seven or more years, rather than after five years. The Fund…

Choose your answer

Which one of the following is NOT a source of funding for the Investor Education and Protection Fund (IEPF) under the Companies Act, 2013?

Select one answer
Answer and explanation

Correct answer A

Unclaimed redemption money for preference shares is credited to the Investor Education and Protection Fund after seven or more years, rather than after five years. The Fund also receives income from its investments and specified matured deposits and debentures. For the latter amounts, the Act likewise requires that they remain unpaid and unclaimed for seven years from the date they became due.

Practice for these exams

Related question papers

Related exam syllabi

Related questions in this topic