Q. Consider the following statements regarding the Investor Education and Protection Fund Authority (IEPFA):

1. It has been established under Section 125 of the Companies Act, 2013.
2. It operates under the administrative control of the Ministry of Corporate Affairs.
3. Its main objectives include promoting investor education, awareness, and protection, as well as refunding unclaimed shares and dividends to rightful claimants.
4. The IEPFA is administered by the Securities and Exchange Board of India (SEBI).

Which of the above statements is/are correct?
Answer: 1, 2 and 3
Notes: The IEPFA was established under Section 125 of the Companies Act, 2013. It functions under the administrative control of the Ministry of Corporate Affairs, not SEBI, and its main objectives include promoting investor education, awareness, protection, and refunding unclaimed funds to rightful claimants. Therefore, statements 1, 2, and 3 are correct, while 4 is incorrect.