MCA Appoints IEPFA Chairperson, Notifies Key Amendment Rules 2024

Last updated: 05 October 2024

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The Ministry of Corporate Affairs (MCA) has appointed Smt. Deepti Gaur Mukerjee as the new Chairperson of the Investor Education and Protection Fund Authority (IEPFA). This appointment, effective from October 3, 2024, follows provisions within the Companies Act, 2013. Alongside this, the MCA has introduced amendments to the Investor Education and Protection Fund Authority (Form of Annual Statement of Accounts) Rules, 2024. These changes now require the CEO's signature on annual statements, enhancing accountability and strengthening investor protection measures.

MCA Appoints Smt. Deepti Gaur Mukerjee as Chairperson of IEPF Authority, Announces Amendments to Annual Statement of Accounts Rules

IEPFA Chairperson Appointed and Rules Amended by MCA

In a significant development, the Ministry of Corporate Affairs (MCA) appointed Smt. Deepti Gaur Mukerjee as the new Chairperson of the Investor Education and Protection Fund Authority (IEPFA) through Notification No. S.O. 4333(E) dated October 03, 2024. Smt. Mukerjee’s appointment is in accordance with the provisions under Sections 125(5) and 125(6) of the Companies Act, 2013, along with relevant rules. This notification replaces the previous appointment order issued on May 5, 2016, and she will assume office upon taking charge.

Simultaneously, the MCA has notified the Investor Education and Protection Fund Authority (Form of Annual Statement of Accounts) Amendment Rules, 2024, through Notification No. G.S.R. 607(E). These amendments revise the procedure for filing annual statements of accounts, now requiring the signature of the chief executive officer instead of one member, enhancing the accountability framework. Both amendments took effect on their publication in the Official Gazette on October 03, 2024.

These updates mark important strides in the governance of IEPFA and corporate compliance, strengthening investor protection mechanisms.

Official copy of the notification has been attached

FAQ :

Smt. Deepti Gaur Mukerjee has been appointed as the new Chairperson of the Investor Education and Protection Fund Authority (IEPFA).

Her appointment took effect on October 3, 2024, upon her taking charge.

The Investor Education and Protection Fund Authority (Form of Annual Statement of Accounts) Amendment Rules, 2024, have been notified. These rules now require the signature of the chief executive officer on annual statements of accounts, instead of one member.

These amendments aim to enhance the accountability framework and strengthen investor protection mechanisms.

Both the appointment and the amendments took effect on October 3, 2024, upon their publication in the Official Gazette.

Attached File : 671907_23933_mca_03_10_2024.pdf

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