Public Comments invited on Proposed Amendments in IEPFA (Accounting, Audit, Transfer and Refund) Rules, 2016 to Simplify Refund Process for low-value claims of investors

• Investor Education and Protection Fund Authority (IEPFA), under the Ministry of Corporate Affairs (MCA), has placed draft amendments to the IEPFA (Accounting, Audit, Transfer and Refund) Rules, 2016 in public domain for comments.
• Core thrust: shrink refund disposal timeline to 30 days for low-value claims, based on the company's verification report, easing return of unclaimed dividends/shares/matured deposits to investors.
• UPSC relevance: intersects GS-II (governance/transparency, MCA regulatory reform) and GS-III (capital markets, investor protection, financial inclusion).