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Date: 04-Oct-2024 Category: Extra Ordinary State: Union Government Country: India

the Investor Education and Protection Fund Authority (Form of Annual Statement of Accounts) Amendment Rules 2024

Issued by Ministry of Corporate Affairs · Not Applicable

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Executive Summary & Key Takeaways

Gazette Notification Description

  • This gazette notification announces the Investor Education and Protection Fund Authority (Form of Annual Statement of Accounts) Amendment Rules, 2024. These rules amend the 2018 rules related to the format of the annual statement of accounts for the Investor Education and Protection Fund Authority (IEPFA).

Key Changes

  • The key change is the amendment to Rule 5, sub-rule (2) of the Investor Education and Protection Fund Authority (Form of Annual Statement of Accounts) Rules, 2018. The phrase “one Member” has been replaced with “the chief executive officer”. This signifies a change in the individual responsible for certain aspects of the annual statement of accounts reporting.
  • The amendment rules came into effect on October 4th, 2024, the date of their publication in the Official Gazette.

Impact Analysis

Impact on IEPFA

  • The change may streamline the reporting process by clarifying responsibility for specific tasks.

Impact on Auditors

  • Auditors of the IEPFA will need to be aware of this amendment and ensure their audit procedures align with the revised rules. They will need to verify that the chief executive officer is fulfilling the responsibilities previously assigned to 'one Member'.

Impact on Stakeholders

  • The change is primarily an internal procedural one within the IEPFA and may not directly impact external stakeholders such as investors. However, improved clarity and efficiency in reporting could indirectly benefit stakeholders through more accurate and timely financial information.

Suggested Action Items

  • The IEPFA should ensure compliance with the amended rules in preparing its next annual statement of accounts.

Key Entities Referenced

Investor Education and Protection Fund Authority (IEPFA): The government authority responsible for managing and protecting investor funds. Companies Act, 2013: The primary legislation governing companies in India. Section 125 and 469 are referenced as the legal basis for the amendment. Investor Education and Protection Fund Authority (Form of Annual Statement of Accounts) Rules, 2018: The principal rules that have been amended by the notification. These rules specify the format for the IEPFA's annual financial statements. Gazette of India: The official publication where the notification and the original rules were published. Ministry of Corporate Affairs: The government ministry responsible for issuing the notification.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-04102024-257703 xxxGIDHxxx CG-DLxx-xEG-I0D4E1x0x2x0 24-257703 असाधारण EXTRAORDINARY भाग II—खण् ड 3—उप-खण्ड (i) PART II—Section 3—Sub-section (i) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 565] नई दिल्ली, िुक्रिार, अक्त बू र 4, 2024/आज‍ि न 12, 1946 No. 565] NEW DELHI, FRIDAY, OCTOBER 4, 2024/ASVINA 12, 1946 कारपोरेट कार् यमत्रं ालर् अजधसचू ना नई दिल्ली, 3 अक् तूबर, 2024 सा.का.जन. 607(अ).—केंद्रीर् सरकार, कंपनी अजधजनर्म, 2013 (2013 का 18) की धारा 469 के साथ पठित धारा 125 की उपधारा (11) द्वारा प्रित्त ् िजिर्ों का प्रर्ोग करत े हुए, जिजनधानकता य जिक्षा और संरक्षा जनजध प्राजधकरण (िार्षयक लेखा कथन का प्ररूप) जनर्म, 2018 का और संिोधन करन े हते ु जनम्नजलजखत जनर्म बनाती ह,ै अथायत्,– 1. (1) इन जनर्मों का संजक्षप्त नाम जिजनधानकताय जिक्षा और संरक्षण जनजध प्राजधकरण (िार्षयक लेखा कथन का प्ररूप) संिोधन जनर्म , 2024 ह।ै (2) र्े जनर्म रािपत्र म ेंइनके प्रकािन की तारीख को प्रिृत्त होंगे। 2. जिजनधानकताय जिक्षा और संरक्षा जनजध प्राजधकरण (िार्षयक लेखा कथन का प्ररूप) जनर्म, 2018 के जनर्म 5 के, उप- जनर्म (2) म,ें "एक सिस्ट्र्", िब्िों के स्ट्थान पर, "मुख्र् कार्यकारी अजधकारी", िब्ि रखे िाएगं े। [फा. सं. 05/01/2023-आईईपीएफ] अनीता िाह आकेल्ला, संर्क्ु त सजचि ठटप्पण : मूल जनर्म, भारत के रािपत्र, भाग-II, खंड 3, उपखंड (i) में संख्र्ा सा.का.जन. 1023(अ), तारीख 11 अक् तूबर, 2018 द्वारा प्रकाजित दकए गए थे। 6434 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 3rd October, 2024 G.S.R. 607(E).—In exercise of the powers conferred by sub-section (11) of section 125 read with section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Investor Education and Protection Fund Authority (Form of Annual Statement of Accounts) Rules, 2018, namely:- 1. (1) These rules may be called the Investor Education and Protection Fund Authority (Form of Annual Statement of Accounts) Amendment Rules, 2024. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the Investor Education and Protection Fund Authority (Form of Annual Statement of Accounts) Rules, 2018, in rule 5, in sub-rule (2), for the words “one Member”, the words “the chief executive officer” shall be substituted. [F. No. 05/01/2023-IEPF] ANITA SHAH AKELLA, Jt. Secy. Note.-The principal rules were published in the Gazette of India, Part II, Section 3, sub-section (i), vide number G.S.R. 1023(E), dated the 11th October, 2018. 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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