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Strong Action
April 25 , 2019
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- The Investor Education and Protection Fund (IEPF) Authority has ordered The Peerless General Finance and Investment Company to transfer deposits worth about Rs 1,514 crore to the IEPF.
- Money deposited by 1 Crore individual investors was pending with The Peerless General Finance and Investment Company Limited for the last 15 years.
- IEPF was set up under the Ministry of Corporate Affairs as a statutory body under Companies Act 2013.
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