Corporate Affairs Ministry (MCA) has streamlined reporting of payments or transfer of securities under the Investor Education and Protection Fund Authority (IEPFA) administered framework, improving the overall filing experience for companies.
Makarand M Joshi, Founder, MMJC and Associates – a corporate compliance firm ,said that the IEPF forms have now been aligned with the prevailing legal provisions relating to IEPF, enhancing the overall filing experience.
Bottlenecks faced in filing IEPF forms in certain situations (relating to submitting details of the nodal officer and deputy nodal officer and so on) are now addressed in the new version of forms, Joshi added.
“Additionally, the new version of these forms, which consolidates two forms (IEPF 3 and IEPF 7) into the existing IEPF forms, will contribute to the ease of doing business”, he added.
The views captured in the Business Line shared by our Partner – Mr. Makarand Joshi.