The Investor Education and Protection FundAuthority (Form of Time Annual Statement of Accounts) Rules, 2018

MINISTRY OF CORPORATE AFFAIRS
NOTIFICATION
New Delhi, the 11th October, 2018.

G.S.R. 1023(E).— In exercise of the powers conferred by sub-section (11) of section 125 read with section 469
of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules, namely :-
1. Short title and commencement. – (1) These rules may be called the Investor Education and Protection Fund
Authority (Form of Annual Statement of Accounts) Rules, 2018.
(2) They shall come into force on the date of their publication in the Official Gazette.
2. Definitions. – (1) In these rules, unless context otherwise requires, –
a) “Act” means the Companies Act, 2013 (18 of 2013);
b) “Authority” means the Investor Education and Protection Fund Authority constituted under subsection (5) of section 125 of the Act;
c) ‘Form’ means the Form annexed to these rules;
d) “Fund” means the Investor Education and Protection Fund established under sub-section (1) of
section 125 of the Act;
e) “investor” means any person, who has invested money in shares or debentures, bond or deposits
under a scheme or plan of a company registered under the Act;
f) ‘Schedule’ means the Schedule to the Form annexed to these rules;
g) “year” means the financial year beginning on 1st April and ending on 31st March of the year
immediately following.
(2) Words and expressions used herein and not defined but defined in the Act shall have the same meanings
assigned to them in the Act.
3. Forms of Financial Statements.-(1) The Authority shall maintain its accounts in the Form of financial statements
annexed to these rules.
(2) The Authority shall follow the instructions and accounting principles for maintaining the financial statements
issued or laid down by the Central Government from time to time.
(3) The financial statements shall give a true and fair view of the State of affairs of the Authority and shall comply
with the Accounting Standards notified under section 133 of the Act.
4. Incurring of Expenditure by the Authority.-The officer of the Authority incurring or authorising expenditure
from the Fund shall follow the Standards of financial propriety and the General Financial Rules, 2017.
5. Annual Statement of Accounts.-(1)At the end of a period of twelve months ending with 31st March of every
year, the Authority shall prepare the following financial statements along with Schedules, as required, notes on accounts
and significant accounting policies in accordance with the notes and instructions for compilation of financial statements
prescribed by Government of India, Ministry of Finance, Controller-General of Accounts as modified and annexed to
these rules:
(i) balance sheet,
(ii) income and expenditure Account,
(iii) receipt and payment Account.
(2) The balance sheet, income and expenditure account and receipt and payment account and the
Schedules referred to in sub-rule (1), shall be approved and adopted by the Authority or a Committee authorised by
the Authority on its behalf and for the purpose of authentication, the same shall be signed by the Chairperson and one
Member of the Authority.
(3) The approved accounts of the Authority shall be forwarded to the Comptroller and Auditor-General of
India or any other person appointed by him on his behalf within the period of three months after the expiry of the year
for the purposes of audit.
(4) The annual accounts of the Authority, as certified by the Comptroller and Auditor General of India or
any other person appointed by him on his behalf, alongwith the audit report thereon after adoption by the Authority
shall be forwarded to the Central Government for laying before both the Houses of Parliament.
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6. Maintenance of Accounts etc.-The Authority shall preserve the balance sheet, income and expenditure account,
Schedules to the above statements and the receipt and payment account referred to in sub-rule (1) of rule 5 for a
minimum period of eight years, following the year to which they relate.

[F. No. 05/14/2017- IEPF]
ANURAG AGARWAL, Jt. Secy