Excelsior Correspondent
SRINAGAR, Oct 28: Union Minister of State for Corporate Affairs, Planning, Statistics and Programme Implementation, Rao Inderjit Singh today inaugurated day-long Investors Education, Awareness & Protection Conference at SKICC.
The conference was organized by the Investor Education and Protection Fund Authority (IEPFA) under the aegis of Ministry of Corporate Affairs.
The event was also graced by Dr. Farooq Abdullah, Member of Parliament from Srinagar; Anita Shah Akella, CEO IEPF Authority & Joint Secretary, MCA; Sanjay Shorey, Regional Director (Northern Region), Ministry of Corporate Affairs; Haamid Bukhari, Registrar of Companies (ROC) Srinagar and other dignitaries from the Union Territory of Jammu & Kashmir along with senior officials from IEPF Authority, India Post Payment Bank and Department of Posts, CSC e-governance, Institute of Company Secretaries of India, Kashmir Chamber of Commerce, Central Reserve Police Force.
During the inaugural session, Rao Inderjit Singh and Dr Farooq Abdullah released various major initiatives of IEPF Authority and Ministry of Corporate Affairs.
The Minister during his keynote address appreciated IEPFA’s initiative of conducting the Conference on Investor Education & Awareness in Srinagar, Jammu & Kashmir.
He also shared ideas, need and significance of spreading inclusive financial literacy, investor awareness & protection for overall economic growth and nation building.
Dr Farooq Abdullah also spoke on the occasion and thanked IEPFA for organizing the conference in Srinagar and hoped that the conference will help to make people aware about the online frauds in J&K.
IEPF Authority has been established under sub-section (5) of section 125 of Companies Act, 2013 with the objective of promoting Investor Education, Awareness and Protection and for administration of the IEPF fund. It has undertaken a wide gamut of activities to accelerate the pace of investor education among the masses at large.
Till date more than 65,000 Investor Awareness Programmes covering 30 lakh citizens have been conducted by IEPFA. In addition, more than 28,000 claim refunds have been approved with transfer of about 1.6 Cr shares and related dividends.
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