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Business Economy


Use technology to give time-bound services: Srinivas

New Delhi, Sep 12 (UNI) The Corporate Affairs Ministry on Wednesday said it is essential to use technology to provide time-bound services as technology overcomes the limitation space, time and resources.
Unveiling a new logo of the Investor Education And Protection Fund (IEPF) Authority here, Ministry Secretary Inteji Srinivas they required a technology-driven enforcement mechanism without exception.

On the logo, Mr Srinivas said the IEPF logo symbolises the values and mandate of the authority -- 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,” he added.

Mr Srinivas said for promoting investor education and protection, the IEPF Authority also signed an MoU with the CSC E-Governance Services India Limited to effectively implement the mandate of the authority of educating and protecting investors.

Highlighting the need to synchronise the working of IEPF Authority with the MCA, Mr Srinivas said this whole transaction was part of the Companies Act, 2013 and it will develop as part of MCA21, which is a robust platform created by his Ministry.
Elaborating on the increasing role of the IEPF in the present times, the Secretary said 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.

UNI SW SHK1637
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