Rule 2 Definitions
- Chapter
- I · The Fund and its Accounts
(1) In these rules, unless the context otherwise requires,—
(a) “Act” means the Companies Act, 2013;
(b) “Authority” means the Investor Education and Protection Fund Authority constituted under subsection (5) of section 125 of the Act;
(c) “Chairperson” means the chairperson of the authority appointed under sub-section (6) of section 125 of the Act;
1[(d) "Company" means a company defined in sub-section (20) of section 2 of the Act and includes 'corresponding new bank' as defined in sub-section (d) of section 2 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 (5 of 1970) and clause (b) of section 2 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 (40 of 1980) 2Words ins. by G.S.R. 343(E), dated 1st May, 2019 (IEPF Authority (Accounting, Audit, Transfer and Refund) Amendment Rules, 2019), w.e.f. 1st May, 2019., State Bank of India constituted under section 3 of the State Bank of India Act, 1955 (23 of 1955), 'subsidiary bank' as defined in clause (k) of section 2 of the State Bank of India (Subsidiary Bank) Act, 1959 (38 of 1959) and includes any other entity which is required to transfer any fund to Investor Education and Protection Fund in accordance with any Act or statute governing it 3Clause (da) ins., and the words "and any transferee company in respect of the assets and liabilities of transferor company" ins. into clause (d), by G.S.R. 571(E), dated 14th August, 2019 (IEPF Authority (Accounting, Audit, Transfer and Refund) Second Amendment Rules, 2019), w.e.f. 20th August, 2019.and any transferee company in respect of the assets and liabilities of transferor company;
3Clause (da) ins., and the words "and any transferee company in respect of the assets and liabilities of transferor company" ins. into clause (d), by G.S.R. 571(E), dated 14th August, 2019 (IEPF Authority (Accounting, Audit, Transfer and Refund) Second Amendment Rules, 2019), w.e.f. 20th August, 2019.(da) "Corporate action" means any action taken by the company relating to transfer of shares and all the benefits accruing on such shares 4Word ins. by the same G.S.R. 571(E), dated 14th August, 2019, w.e.f. 20th August, 2019, for the former word "namely".including, bonus shares, split, consolidation, fraction shares etc., except right issue to the Authority;
(e) “Existing IEPF” means the Investor Education and Protection Fund (IEPF) constituted under section 205C of the Companies Act, 1956 (1 of 1956);
(f) “Fund” means the Investor Education and Protection Fund (IEPF) constituted under section 125 of the Act;
5Text omitted by amendmentFormer clause (g), which read: "(g) 'Investor' means any person, who has committed money in shares, or debentures, bond or deposits under a scheme or plan of a company registered under the Act;", omitted by the same G.S.R. 571(E), dated 14th August, 2019, w.e.f. 20th August, 2019.
(h) “Member” means member of the Authority appointed under sub-section (6) of section 125 of the Act; and
(i) “Section” means the section of the Act.
(2) Words and expressions used in these rules and not defined herein but defined in the Act or in the Companies (Specification of Definitions Details) Rules, 2014, shall have the same meanings respectively assigned to them in the Act or in the said rules.
1. Clause (d) subs. by G.S.R. 178(E), dated 28th February, 2017 (IEPF Authority (Accounting, Audit, Transfer and Refund) Amendment Rules, 2017), w.e.f. 28th February, 2017, for the former clause, which read: "(d) 'Company' means company as defined in sub-section (20) of section 2 of the Act and includes 'corresponding new bank' as defined in sub-section (d) of section 2 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 (5 of 1970) and clause (b) of section 2 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 (40 of 1980);".
2. Words ins. by G.S.R. 343(E), dated 1st May, 2019 (IEPF Authority (Accounting, Audit, Transfer and Refund) Amendment Rules, 2019), w.e.f. 1st May, 2019.
3. Clause (da) ins., and the words "and any transferee company in respect of the assets and liabilities of transferor company" ins. into clause (d), by G.S.R. 571(E), dated 14th August, 2019 (IEPF Authority (Accounting, Audit, Transfer and Refund) Second Amendment Rules, 2019), w.e.f. 20th August, 2019.
4. Word ins. by the same G.S.R. 571(E), dated 14th August, 2019, w.e.f. 20th August, 2019, for the former word "namely".
5. Former clause (g), which read: "(g) 'Investor' means any person, who has committed money in shares, or debentures, bond or deposits under a scheme or plan of a company registered under the Act;", omitted by the same G.S.R. 571(E), dated 14th August, 2019, w.e.f. 20th August, 2019.