The surprise move was prompted by a spike in headline inflation above
the 4% medium-term target in October, while growth fell to a six-year low of
4.5% in the September quarter.
Investor Education and Protection Fund Authority (IEPFA) signed an MOU
with Bank of Baroda for Investor Awareness.
In 2016, Government of India established Investor Education and
Protection Fund Authority (IEPFA) under the provisions of section 125 of the
Companies Act, 2013.
The Authority is entrusted with the responsibility of administration of
the Investor Education Protection Fund (IEPF), make refunds of shares,
unclaimed dividends, matured deposits/debentures etc. to investors and to
promote awareness among investors.
IEPF has been set-up under Section 205C of the Companies Act, 1956 by
way of the Companies (Amendment) Act, 1999.