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ARTICLE · 30 JULY 2024

MCA Notifies IEPF Amendment Rules, 2024

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The Ministry of Corporate Affairs (MCA), via Notification No. G.S.R. 414(E) has notified the Investor Education and Protection Fund (IEPF) Authority (Accounting, Audit...

IndiaCorporate/Commercial Law
Nexdigm Private Limited
Nexdigm Private Limited
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The Ministry of Corporate Affairs (MCA), via Notification No. G.S.R. 414(E) has notified the Investor Education and Protection Fund (IEPF) Authority (Accounting, Audit, Transfer and Refund) Amendment Rules, 2024.

Highlights of the notification

The Central Government hereby makes the following amendments to the IEPF Authority (Accounting, Audit, Transfer and Refund) Rules, 2016. These rules may be called the IEPF Authority (Accounting, Audit, Transfer and Refund) Amendment Rules, 2024:

  • The letters and figures "IEPF-3" have been replaced with "IEPF-4" wherever they occur. Similarly, "IEPF-7" has been substituted with "IEPF-1".
  • The most notable changes have been made to Rule 6 in sub-rule (13) and (13A), which concerns the handling of funds and remittances:

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