Question : FUNDS AVAILABLE WITH IEPF



(a) the funds available to Investor Education and Protection Fund for the year 2004-05;

(b) whether the funds have been fully utilized;

(c) if so, the details thereof;

(d) the total amount made available to Investors Association out of this amount; and

(e) the amount have been received by the Government on account of unclaimed dividend, interest, etc. since the inception of IEPF?

Answer given by the minister

MINISTER OF COMPANY AFFAIRS (SHRI PREM CHAND GUPTA)

(a) An amount of Rs.3 crores was available with Investor Education and Protection Fund (IEPF) by way of budgetary provisions, for the year 2004-05.

(b) & (c) No, Sir. The funds could not be utilized fully.

(d) An amount of Rs.66,63,680/- has been made available to various Investors Associations.

(e) An amount of Rs.357,88,56,331.80/- has been credited to Investor Education and Protection Fund since its inception, as on 28.02.2005.