Answer: Ministry of Corporate Affairs
Notes: The Union Finance Minister introduced the Banking Laws (Amendment) Bill, 2024, to transfer unclaimed dividends, shares, and bonds to the Investor Education and Protection Fund (IEPF). The IEPF was established under the Companies Act, 1956, and manages unpaid amounts like dividends, deposits, and debentures unclaimed for seven years. The fund also receives grants and donations and is managed by the Investor Education Protection Fund Authority (IEPFA). IEPFA was established in 2016 under the Companies Act, 2013, and is overseen by the Ministry of Corporate Affairs.
