Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Third Amendment Rules, 2017

The Central Government hereby makes the following rules, further to amend the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016, which may be called the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Third Amendment Rules, 2017 and shall come into force with effect from the 22nd May 2018. Currently Dividend on shares transferred to IEPF, Proceeds realized on delisting of companies with respect to shares transferred to IEPF, Proceeds realized on winding up of companies with respect to shares transferred to IEPF and any other amount realised by IEPF are required to be transferred to specified account of the IEPF Authority maintained in the Punjab National Bank. Now onwards the details of these amounts shall be furnished to the Authority in Form No. IEPF 7 within 30 days from the date of remittance or within 30 daysfrom the date of enforcement of these Rules [i.e. 22nd May 2018.], as the case may be.