Executive Summary:
This notification from the Ministry of Corporate Affairs, dated November 28, 2017, appoints a Chairperson and Members to the Investor Education and Protection Fund Authority, effective from the date of publication. It also amends a previous notification (S.O. 1647, dated May 2, 2016) by substituting and inserting certain names and designations. The notification outlines the terms of office and reimbursement for expenditure of certain members.
Key Points / Main Content:
Appointments and Amendments:
* Shri Injeti Srinivas is appointed as Chairperson (ex officio).
* Smt. Surekha Marandi and Shri Nagendra Parakh are appointed as Members (ex officio).
* Shri Rajib Sekhar Sahoo is appointed as Member.
* Shri R. Sridharan is appointed as Member.
* The notification amends the previous notification S.O. 1647, dated May 2, 2016, by substituting the previous members from serial number 1 to 4 and inserting entries after serial number 6.
Terms of Office and Reimbursement:
* The term of office for members at serial numbers 4 to 7 will be governed by rule 8 of "The Investor Education and Protection Fund Authority Appointment of Chairperson and Members, holding of meetings and provision for offices and officers Rules, 2016".
* Members at serial numbers 4 to 7 are entitled to reimbursement of actual expenditure for attending meetings, as per subrule 10 of rule 11 of the said rules.
Impact Analysis:
Investor Education and Protection Fund Authority:
Impact: Change in leadership and membership composition.
Action Required: Acknowledge the new Chairperson and Members and adjust internal processes accordingly.
Chairperson and Members (Newly Appointed):
Impact: Assume responsibilities and duties as outlined in the Companies Act, 2013 and related rules.
Action Required: Fulfill the obligations of their respective roles.
Ministry of Corporate Affairs:
Impact: Implementation and oversight of the changes to the Investor Education and Protection Fund Authority.
Action Required: Ensure compliance with the notification and update relevant records.
Key Entities Referenced
Companies Act, 2013: A law enacted by the Parliament of India that governs company law in India.
Investor Education and Protection Fund Authority: An authority established by the Central Government to administer the Investor Education and Protection Fund.
Shri Injeti Srinivas: Appointed as Chairperson, ex officio Secretary, Ministry of Corporate Affairs.
Smt. Surekha Marandi: Appointed as Member, ex officio Executive Director, Reserve Bank of India.
Shri Nagendra Parakh: Appointed as Member, ex officio Executive Director, Securities and Exchange Board of India.
Securities and Exchange Board of India: A regulatory body for the securities market in India.
Shri Rajib Sekhar Sahoo: Appointed as Member; Chartered Accountant.
Shri R. Sridharan: Appointed as Member; IAS Retd.
REGD. NO. D. L.-33004/99
EXTRAORDINARY
II— — (ii)
PART II—Section 3—Sub-section (ii)
PUBLISHED BY AUTHORITY
3293]
No.3293] NEW DELHI, TUESDAY, NOVEMBER 28, 2017/AGRAHAYANA 7, 1939
कारपोरेट कार् यमत्रं ालर्
अधिसचू ना
नई दिल्ली, 28 नवम् बर, 2017
का.आ. 3756(अ).—केंद्रीर् सरकार, धवधनिानकर्ाय धिक्षा और संरक्षण धनधि प्राधिकरण (अध्र्क्ष और सिस्र्ों की
धनर्ुधि, बैठको का आर्ोजन और कार्ायलर्ों र्था अधिकाररर्ों के धलए उपबंि) धनर्म, 2016 के धनर्म 5 और धनर्म 7 के
साथ परठर् कंपनी अधिधनर्म, 2013 (2013 का 18) की िारा 125 की उपिारा (5) और (6) द्वारा प्रित्त िधिर्ों का
प्रर्ोग करर् े हुए, इस अधिसूचना के प्रकािन की र्ारीख से क्रम सं. 1 के व्यधि को धवधनिानकर्ाय धिक्षा और संरक्षण धनधि
प्राधिकरण का अध्र्क्ष और क्रम सं. 2 स े 4 और क्रम सं. 7 के व्यधिर्ों को इस प्राधिकरण के सिस्र्ों के रूप में धनर्िु करर्ी
ह ै और उस प्रर्ोजन के धलए, केंद्रीर् सरकार, भारर् सरकार के कारपोरेट कार्य मंत्रालर् की अधिसूचना सं. का.आ. 1647
र्ारीख 2 मई, 2016 में धनम्नधलधखर् संिोिन करर्ी ह,ै अथार्य ्:-
उि अधिसूचना में, -
(i) क्रम सं. 1 से 4 और उससे संबंधिर् प्रधवधिर्ों के स्थान पर क्रमिः धनम्नधलधखर् क्रम संख्र्ा और प्रधवधिर्ां रखी
जाएंगी, अथायर्:् -
क्र.सं. धवधिधिर्ां पिनाम
“(1) श्री इन्जेर्ी श्रीधनवास, अध्र्क्ष, पिेन (कारपोरेट कार् य मंत्रालर् में सधचव के पि पर
सधचव, कारपोरेट कार्य मंत्रालर् बने रहन ेर्क)
िास्त्री भवन, नई दिल्ली-110001
2 श्रीमर्ी सुरेखा मराडं ी, सिस्र्, पिेन
कार्यपालक धनिेिक, (भारर्ीर् ररजवय बैंक में कार्यपालक धनिेिक के पि पर बने
भारर्ीर् ररजवय बैंक रहने र्क)
3 श्री नगेन्द्र पारेख सिस्र्, पिेन
कार्यपालक धनिेिक, (भारर्ीर् प्रधर्भूधर् और धवधनमर् बोड य म ें कार्यपालक धनिेिक
भारर्ीर् प्रधर्भूधर् एव ंधवधनमर् बोड य के पि पर बने रहने र्क)
6929 GI/2017 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
4 श्री राजीव िेखर साहू, सिस्र्।”;
चाटयडय अकाउटेंट,
बी-220, सी.आर. पाकय, नई दिल्ली-110019
(ii) क्रम सं. 6 और उससे संबंधिर् प्रधवधिर्ों के पश्चार््, धनम्नधलधखर् क्रम संख्र्ा और प्रधवधिर्ा ं अंर्ःस्थाधपर् की जाएंगी,
अथायर्:् -
क्र.सं. धवधिधिर्ां पिनाम
“7 श्री आर. श्रीिरन भा.प्र.से. (सेवा धनवृत्त), ए- सिस्र्।”;
7, टावर-7, न्र् ू मोर्ी बाग, नई दिल्ली-
110023
(iii) पैरा 2 के स्थान पर धनम्नधलधखर् परै ा रखा जाएगा, अथार्य ्:-
“2. क्रम स.ं 4 से 7 र्क के सिस्र्ों का कार्यकाल धवधनिानकर्ाय धिक्षा और संरक्षण धनधि प्राधिकरण (अध्र्क्ष और
सिस्र्ों की धनर्ुधि, बैठकों का आर्ोजन और कार्ायलर्ों और अधिकाररर्ों के धलए उपबंि) धनर्म, 2016 के धनर्म 8
द्वारा िाधसर् होगा और व े उि धनर्मों के धनर्म 11 के उपधनर्म (10) के उपबंिों के अनुसार बैठकों म ें उपधस्थर्
होने के कारण दकए गए वास्र्धवक खचय की प्रधर्पूर्र् यके हकिार होंगे।”
[फा. सं.05/27/2013-आईईपीएफ]
अमरिीप ससंह भारटर्ा, संर्ुि सधचव
रटप्पण : मलू अधिसूचना भारर् के राजपत्र, असािारण, भाग-II, खडं 3, उपखंड (ii), संख्र्ा का.आ. 1647(अ), र्ारीख
2 मई, 2016 द्वारा प्रकाधिर् की गई थी धजसमें अब र्क संिोिन नहीं हुआ ह।ै
MINISTRY OF CORPORATE AFFAIRS
NOTIFICATION
New Delhi, the 28th November, 2017
S.O. 3756(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 person at serial number 1 as
Chairperson and the persons at serial numbers 2 to 4 and 7 as Members to the Investor Education and
Protection Fund Authority with effect from the date of publication of this notification and for that purpose,
the Central Government hereby makes the following amendments in the notification of the Government of
India in the Ministry of Corporate Affairs number S.O 1647, dated the 2nd May, 2016 namely:-
In the said notification,-
(i) for serial number 1 to 4 and the entries relating thereto, the following serial numbers and
entries shall respectively be substituted, namely:-
Sl. No. Particulars Designation
“1. Shri Injeti Srinivas, Chairperson- ex – officio
Secretary, (till he hold the post of Secretary in the
Ministry of Corporate Affairs)
Ministry of Corporate Affairs,
Shastri Bhawan,
New Delhi- 110001.II (ii) 3
2. Smt. Surekha Marandi, Member, ex - officio
Executive Director, (till she hold the post of Executive
Director in the Reserve Bank of India.)
Reserve Bank of India.
3. Shri Nagendra Parakh, Member, ex - officio
Executive Director, (till he hold the post of Executive
Director in the Securities and
Securities and Exchange Board of India.
Exchange Board of India.)
4. Shri Rajib Sekhar Sahoo, Member.”;
Chartered Accountant,
B – 220, C R-Park,
New Delhi - 110019
(ii) after Serial number 6 and the entries relating thereto, the following serial number and entries
shall be inserted, namely:-
“7. Shri R. Sridharan IAS (Retd.), Member.”;
A – 7, Tower-7,
New Moti Bagh,
New Delhi - 110023
(iii) for paragraph 2, the following paragraph shall be substituted, namely:-
“2. The term of office of members at serial numbers 4 to 7 shall be governed by rule 8 of the
Investor Education and Protection Fund Authority (Appointment of Chairperson and
Members, holding of meetings and provision for offices and officers) Rules, 2016 and they
shall be entitled for reimbursement of actual expenditure incurred for attending the meetings
as per the provisions of sub-rule (10) of rule 11 of the said rules.”
[F. No. 05/27/2013 - IEPF]
AMARDEEP SINGH BHATIA, 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 2nd May, 2016, which has not been amended
so far.
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.