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Date: 13-Aug-2024 Category: Extra Ordinary State: Union Government Country: India

Appointment of chairperson of IEPF Authority

Issued by Ministry of Corporate Affairs · Not Applicable

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Executive Summary & Key Takeaways

What it means

  • This gazette notification from the Ministry of Corporate Affairs, Government of India, dated August 13, 2024, announces the appointment of new members to the Investor Education and Protection Fund Authority (IEPF). It amends a previous notification (S.O. 1647(E), dated May 5, 2016) regarding the IEPF's Chairperson and Members.
  • The amendment replaces the existing Chairperson and some Members with newly appointed individuals. This is done under the powers conferred by sub-sections (5) and (6) of section 125 of the Companies Act, 2013, read with rules 5 and 7 of the IEPF Authority Rules, 2016.

Key Changes

  • The Chairperson of the IEPF Authority is now Shri Manoj Govil, Secretary, Ministry of Corporate Affairs.
  • Shri Neeraj Nigam, Executive Director, Reserve Bank of India, is appointed as a Member (ex officio).
  • Four new members are appointed, replacing previous members. Their details are included in the notification.
  • The previous notification (S.O. 1647(E), dated May 5, 2016) and its subsequent amendments (S.O. 3756(E), dated November 28, 2017, and S.O. 2282(E), dated July 8, 2020) are superseded in part by this notification.

Impact Analysis

Impact on IEPF Authority

  • The new appointees' expertise and experience may influence the IEPF's future activities related to investor education and protection.

Impact on Investors

  • The change may not have immediate visible impact on investors, but could influence long-term investor education and protection initiatives.

Impact on Companies

  • The impact on companies is likely to be minimal unless their specific interactions with the IEPF are significantly altered by the new members' policies.

Suggested Action Items

  • Companies should monitor any updates or guidelines issued by the IEPF Authority regarding procedures and policies.

Key Entities Referenced

Investor Education and Protection Fund Authority (IEPF): A statutory body under the Ministry of Corporate Affairs responsible for investor education and protection. Ministry of Corporate Affairs (MCA): The Indian government ministry responsible for corporate law and regulation. Companies Act, 2013: The primary legislation governing companies in India. Investor Education and Protection Fund Authority (Appointment of Chairperson and Members, holding of meetings and provision for offices and officers) Rules, 2016: Rules governing the appointment and functioning of the IEPF Authority. Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii): The official publication where the notification was published. Reserve Bank of India: Appointed one of the ex-officio members to the IEPF Authority.
Official Source Record View Original Source →
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-14082024-256352 xxxGIDHxxx CG-DLxx-xEG-I1D4E0x8x2x0 24-256352 असाधारण EXTRAORDINARY भाग II—खण् ड 3—उप-खण्ड (ii) PART II—Section 3—Sub-section (ii) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 3140] नई दिल्ली, मगं लिार, अगस्ट्त 13, 2024/श्रािण 22, 1946 No. 3140] NEW DELHI, TUESDAY, AUGUST 13, 2024/SHRAVANA 22, 1946 कारपोरेट कार् य मत्रं ालर् अधिसचू ना नई दिल्ली, 13 अगस्ट् त, 2024 का.आ. 3455(अ).—केंद्रीर् सरकार, जिजनधानकता य जिक्षा और संरक्षण जनजध प्राजधकरण (अध्र्क्ष और सिस्ट्र्ों की जनर्ुजि, बैठकों का आर्ोिन और कार्ायलर्ों और अजधकाररर्ों के जलए उपाबंि) जनर्म, 2016 के जनर्म 5 और 7 के साथ परठत कंपनी अजधजनर्म, 2013 (2013 का 18) की धारा 125 की उपधारा (5) और उपधारा (6) द्वारा प्रित्त िजिर्ों का प्रर्ोग करते हुए, जिजनधानकताय जिक्षा और संरक्षण जनजध प्राजधकरण म ें जनम्नजलजखत व्यजिर्ों को अध्र्क्ष और सिस्ट्र्ों के रूप म ें उनके अपना पद ग्रहण करन े की तारीख स े जनर्ुि करती ह ै तथा इस प्रर्ोिन के जलए भारत के रािपत्र असाधारण, भाग 2, खंड 3, उप-खंड (ii) म ें संख्ांक का.आ.1647(अ) तारीख 05 मई, 2016 द्वारा प्रकाजित भारत सरकार के कारपोरेट कार् य मंत्रालर् की अजधसूचना म ें जनम्नजलजखत और सिं ोधन करती ह,ै अथायतः- उि अजधसूचना म.ें— (i) क्रम संख्ांक 1 और 2 और उससे संबंजधत प्रजिजिर्ां के स्ट्थान पर जनम्नजलजखत क्रम संख्ाकं और प्रजिजिर्ां रखी िाएंगी, अथायतः- “1. श्री मनोि गोजिल, — अध्र्क्ष, पिेन; सजचि, कारपोरेट कार् यमंत्रालर्, िास्त्री भिन, नई दिल्ली 5126 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] 2. श्री नीरि जनगम, — सिस्ट्र्, पिेन”; का्यपालक जनिेिक, भारतीर् ररििय बैंक (ii) क्रम संख्ांक 4 से 7 और उससे संबंजधत प्रजिजिर्ों के स्ट्थान पर जनम्नजलजखत क्रम सखं ्ांक और प्रजिजिर्ां रखी िाएंगी, अथायतः- “4. श्री प्रिीन गग,य — सिस्ट्र्; 301, तीसरा तल, अंतररक्ष भवन, 22 केजी मार्य, अतलु ग्रोवर रोड, जनपथ, बाराखंभा, नई ददल्ली-110001 5. श्रीमती मीनाक्षी िमाय, — सिस्ट्र्; बी 1401, ओर्स्ट्टर ग्ांडे, सैक्टर 102, द्वारका एक्सप्रेसिे, गुड़गांि-122505 6. श्री धीरेन्द्द्र कुमार, — सिस्ट्र्; मुख्र् का्यपालक अजधकारी, िेल्र्ू ररसचय इंजडर्ा प्राइिेट जलजमटेड, सी-103, सैक्टर 65, नोएडा-201301 7. श्रीमती िेनी थापर, — सिस्ट्र्”। सी-2/37, सफिरिंग डेिल्पमेंट एररर्ा, नई दिल्ली-110016 [फा. स.ं 05/03/2020-आईईपीएफ] अनीता िाह आकेल्ला, संर्ुक् त सजचि रटप्पणः मलू जनर्म, भारत के रािपत्र, असाधारण, भाग II, खडं 3, उपखंड (ii) म ें संख्ांक का.आ.1647(अ) तारीख 05 मई, 2016 द्वारा प्रकाजित दकए गए थ े और तत्पश्चात् संख्ांक का.आ.3756(अ) तारीख 28 निंबर, 2017 और का.आ.2282(अ) तारीख 8 िलु ाई, 2020 द्वारा संशोधित दक्े र्ए थ े ।[भाग II—खण् ड 3(ii)] भारत का रािपत्र : असाधारण 3 MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 13th August, 2024 S.O.. 3455(E).—In exercise of the powers conferred by sub-sections (5) and (6) of section 125 of the Companies Act, 2013 (18 of 2013) read with rules 5 and 7 of the Investor Education and Protection Fund Authority (Appointment of Chairperson and Members, holding of meetings and provision for offices and officers) Rules, 2016, the Central Government hereby appoints the following persons as chairperson and members to the Investor Education and Protection Fund Authority from the date they assume their office as such and for that purpose makes the following further amendments in the notification of the Government of India in the Ministry of Corporate Affairs published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii) vide number S.O. 1647 (E), dated the 5th May, 2016, namely:- In the said notification.– (i) for serial numbers 1 and 2 and the entries relating thereto, the following serial numbers and entries shall be substituted, namely: – “1. Shri Manoj Govil, – Chairperson, ex officio; Secretary, Ministry of Corporate Affairs, Shastri Bhawan, New Delhi 2. Shri Neeraj Nigam, – Member, ex officio”; Executive Director, Reserve Bank of India (ii) for serial numbers 4 to 7 and the entries relating thereto, the following serial numbers and entries shall be substituted, namely :– “4. Shri Praveen Garg, – Member; 301, 3rd Floor, Antariksh Bhawan, 22 KG Marg, Atul Grover Road, Janpath, Barakhamba, New Delhi -110001 5. Smt. Meenakshi Sharma, – Member; B 1401, Oyster Grande, Sector 102, Dwarka Expressway, Gurgaon-122505 6. Shri Dhirendra Kumar, – Member; Chief Executive Officer, Value Research India Private Limited, C-103, Sector 65, Noida-201301 7. Smt. Veni Thapar, – Member”. C-2/37, Safdarjung Development Area, New Delhi-110016 [F. No. 05/03/2020-IEPF] ANITA SHAH AKELLA, Jt. Secy. Note:- The Principal notification was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii), vide number S.O. 1647 (E), dated the 5th May, 2016 and subsequently amended vide numbers S.O. 3756 (E), dated the 28th November, 2017 and S.O. 2282 (E), dated the 8th July, 2020. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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