|
There is a Committee (commonly referred to as Main Committee or Apex Committee) to administer the IEPF. The Committee can appoint Sub - Committee to facilitate efficient and speedy discharge of its functions.
Brief of the Main Committee
Pursuant to Section 205C (4) read with Rule 7 of the IEPF Rules 2001, the Central Government has constituted a Committee vide Notification No. S.O. 539(E) dated 25.02.2009. The Secretary, Ministry of Corporate Affairs is the Chairman of the Committee. The members are representatives of Reserve Bank of India, Securities Exchange Board of India and experts from the field of investors’ education and protection. The non-official members of the Committee hold office for a period of two years. The official members hold office for a period of two years or until they occupy their position, whichever is earlier. The term of the present Committee is two years with effect from 25th February, 2009.
Previous Committees were constituted vide the following notifications:
| (i) |
S.O. 1280 (E) dated 28th December, 2001 |
| (ii) |
S.O. 125 (E) dated 28th January, 2004 |
| (iii) |
S.O. 368 (E) dated 21st March, 2006 |
Present Committee Notification - S.O. 539 (E) dated 25th February, 2009.
|