Tag Archives: Investor Education and Protection Fund Authority

ISSUE OF SECURITIES IN DEMATERIALISED FORM BY UNLISTED PUBLIC COMPANIES


Ministry of Corporate Affairs earlier brought into existence a new rule with effect from 10th September 2019 which mandates the issue of new securities by unlisted public companies in dematerialised form. These rules also placed restrictions on the transfer of existing securities in dematerialised form only. Judicially it is a welcome to step to reduce the burden of courts and partially it is an additional cost. The rule was amended twice since its inception. Let us discuss.

The government inserted a new Rule 9A to the Companies (Prospectus and Allotment of Securities) Rules, 2014 vides notification G.S.R. 853(E) dated 10th September 2019. The Rule came into effect with effect from 2nd October 2018. With recent amendment vide Notification G.S.R. 376(E) dated 22nd May 2019 introduced a half yearly return called Reconciliation of Share Capital Audit Report (Half-yearly).

Continue reading

Advertisements

INVESTOR EDUCATION AND PROTECTION FUND AUTHORITY


Investor Education and Protection Fund Authority established under Section 125(5) of the Companies Act, 2013 is an authority to administer for administration of Investor Education and Protection Fund established under Section 125(1) of the Act. Operating provisions of Section 125 are not force, but recently a Notification S.O. 125(E) dated 13th January 2016 notified part of this Section to be effective with effect from 13th January 2016. Consequently, Ministry of Corporate Affairs also put a draft notification for the Investor Education and Protection Fund Authority (Appointment of Chairperson and Members, holding of meetings and provision for offices and officers) Rules, 2016. In this post, we discuss the Notification and these Rules.

Continue reading