Members of the Authority The Central Government may appoint the following as the members of the Authority, namely:— (i) a person not below the rank of Executive Director to be nominated by the Reserve Bank of India as ex-officio member; (ii) a person not below the rank of Executive Director to be nominated by the Securities and Exchange […]

Chief Executive Officer of the Authority The Central Government shall appoint a person to be the Chief Executive Officer of the Authority. Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax Appeal | Income Tax Notice | GST Registration | GST Return Filing | FSSAI Registration | Company Registration

Chairperson of the Authority The Secretary Ministry of Corporate Affairs shall be the ex-officio Chairperson of the Authority. Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax Appeal | Income Tax Notice | GST Registration | GST Return Filing | FSSAI Registration | Company Registration | Company Audit | Company Annual

Composition of the Authority (1) The Authority shall consist of the following, namely:- (a) Chairperson (b) six members (c) Chief Executive Officer (2) The Chief Executive Officer shall be the convenor of the Authority. Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax Appeal | Income Tax Notice | GST Registration | GST

Amendment  The Authority shall be a body corporate by the name aforesaid having perpetual succession and a common seal with power to acquire, hold and dispose of property, both movable and immovable, and to contract and shall, by the said name, sue or to be sued.” ] Amendment 1. Inserted by the Notification Dated 5th September, 2016. Practice

Establishment of the Authority The Authority shall be established on such date as may be notified by the Central Government. Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax Appeal | Income Tax Notice | GST Registration | GST Return Filing | FSSAI Registration | Company Registration | Company Audit

Definitions (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 sub-section (5) of section 125 of the Act; (c) “Chairperson” means the chairperson of the authority appointed under rule (5) of these rules; (d) “Company” means company as defined in sub-section (20) of section 2 of the Act and includes

Short Title, Extent and Commencement (1) These rules may be called the Investor Education and Protection Fund Authority (Appointment of Chairperson and Members, holding of meetings and provision for offices and officers) Rules, 2016. (2) They shall come into force on the date of their publication in the Official Gazette. Practice area’s of B K Goyal & Co LLP Income Tax Return Filing

Declaration of Dividend Out of Reserves In the event of inadequacy or absence of profits in any year, a company may declare dividend out of free reserves subject to the fulfillment of the following conditions, namely:- (1) The rate of dividend declared shall not exceed the average of the rates at which dividend was declared

Definitions (1) In these rules, unless the context otherwise requires, – (a) “Act” means the Companies Act, 2013; (b) “section” means section of the Act. (2) Words and expressions used in these rules but not defined and defined in the Act or in the Companies (Specification of Definitions Details) Rules, 2014, shall have the same meanings respectively assigned to