The Ministry of Corporate Affairs (MCA) on September 09, 2024, issued the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Second Amendment Rules, 2024 to further amend the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016.
The following has been amended namely: -
• The following has been amended in Schedule II
o For the word “shares”, wherever it occurs, the word “securities”, shall be substituted
• In Schedule IV the following has been inserted namely: -
“The company shall take special contingency insurance policy from the insurance company towards the risk arising out of such claim in respect of verification report under sub-rule (3) of rule 7 or the revised verification report under the second proviso of sub-rule (7) of the said rule, as the case may be”
This shall come into force on September 09, 2024
[Notification No. G.S.R. 552(E)]
