MCA:
The Ministry of Corporate Affairs has amended the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016. These rules may be called the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Amendment Rules, 2017. They shall come into force from the 28th February, 2017. The provisions of Rule 6 (Manner of transfer of shares under section 124(6) to the fund) and Rule 7 (Refund to claimants from Fund) have been revised or amended.
EPFO:
The Employees´ Provident Fund Organisation has allowed full and final withdrawal of funds by the subscribers from their pension account without providing Aadhaar Number. The Members withless than 10 years of service can submit a full and final settlement claim through Form 10 C to withdraw the amount accumulated in their pension account. However, the members submitting claims for fixing their pensions using Form 10D would be required to submit Aadhaar Number or enrollment slips.
