8.3.8-Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016

8. Power to direct payment of amount due to the Fund. –

 The company shall furnish a statement to the Authority in   within thirty days of end of financial year stating therein the amounts due to be transferred to the Fund in next financial year.

The company shall also furnish a statement to the authority within thirty days of the closure of its accounts for the financial year stating therein the reasons of deviation, if any, of amounts detailed in sub-rule (1) above and actual amounts transferred to the Fund.

(3) Authority shall furnish report to the Central Government within sixty days of end of financial year giving details of who have failed to transfer the due amount to the Fund.

(4) Authority shall also furnish a report to the Central Government by end of next financial year giving details of companies who have failed to file information referred to in sub-rule (8) of rule 5.