8.2.3- IEPF Authority (Appointment of Chairperson and Members, holding of meetings and provision for offices and officers) Rules, 2016

3. Establishment of the Authority.-

The Authority shall be established on such date as may be notified by the Central Government.

 The Authority shall be a body corporate by the name aforesaid having a perpetual succession and common seal with a power to acquire, hold or dispose of  property, both moveable and immovable, and to contract and shall by the said name, sue or be sued.