Sep 13: The new logo of Investor Education and Protection Fund Authority (IEPF) was unveiled by Injeti Srinivas, Secretary, Ministry of Corporate Affairs (MCA).
The IEPF logo symbolises the values and mandate of the Authority i.e. Promoting Investor’s Awareness, Education and Protection. The logo pictorially depicts: People in the middle symbolises Investors, Outer Hands symbolises protection to investors, Pen Nib symbolises Education of Investors and Rupee symbol denotes Investments.
In another big leap towards promoting investor education and protection, IEPF Authority also signed Memorandum of Understanding (MoU) with the CSC E-Governance Services India Limited. The MoU formalises the mutual interaction and strengthens the existing relationship between the IEPF Authority and the CSC e-Governance Services at the strategic and working level. The objective of the MoU is to effectively implement the mandate of the Authority of educating and protecting investors.
Highlighting the need to synchronise the working of IEPF Authority with MCA, Shri Srinivas said that this whole transaction is part of the Companies Act 2013 and it will develop as part of MCA21, which is a robust platform created by Ministry of Corporate Affairs.
Elaborating on the increasing role of the IEPF in the present times, Shri Srinivas said that in the past two months, the number of claimants has gone up to 10,000. Earlier, IEPF only had small number of claims around 2,000. Now around 1,500 claims are coming in every month. IEPF has given refund of more than Rs 2,000 crores.
Present on the occasion were members of IEPF Authority, Shri Gyaneshwar Kumar Singh CEO IEPF Authority and Senior Officers of the Authority.
Shri Injeti Srinivas Secretary, Ministry of Corporate Affairs (MCA) and Chairman Investor Education Protection Fund (IEPF) Authority, unveiled the new logo of IEPF Authority here today and said that it is essential to use technology to provide time bound services. Technology overcomes the limitation of space, time and resources. We need a technology driven enforcement mechanism without exception.