Section
205C of the Companies Act, 1956, provides for specified categories of
undisbursed/ matured funds to be credited to the Investor Education and
Protection Fund (IEPF). Giving this information in written reply to a question
in the Rajya Sabha today, Shri Sachin Pilot, Minister of Corporate Affairs,
said that an amount of Rs. 637.17 crore has been credited to the Consolidated
Fund of India for the period 2001-2002 to 2011-2012. The tentative amount
collected and credited in 2012-2013 is Rs. 55.67 crore. This amount is not
directly available for utilization as it forms part of the Consolidated Fund of
India. Shri Pilot said that his Ministry receives a separate budgetary
allocation for investor awareness initiatives every year.
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