Investor Protection Fund recovers Rs1,514 crore of depositors' funds from Peerless
IANS 24 April 2019
The Investor Education and Protection Fund (IEPF) Authority has "successfully forced" the Peerless General Finance and Investment Company to transfer deposits worth about Rs 1,514 crore to IEPF, a statutory body under the ministry of Corporate Affairs.
 
"In a major success, the IEPF Authority has been able to enforce The Peerless General Finance and Investment Company Limited to transfer deposits worth about Rs 1,514 crore to IEPF. The depositors' money was pending with the company for the last 15 years," said Finance Ministry. 
 
"The matter came to the notice of the Authority recently and within a short time, due to the proactive action of the Authority, the said sum has now been transferred to IEPF", said the Ministry.
 
"The data submitted by company reveals that 50.77 per cent of the total amount was taken in the form of deposit certificates valued at Rs 2,000 or less. Number-wise such certificates form 85.32 per cent of total number of certificates issued. The majority of these investors are common citizens belonging to lower and middle income group," it said in the statement.
 
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Comments
Mohansolanki Dhanau Barmer
7 years ago
15000 jama kray kab milega ji
Sudarshan Singh
7 years ago
KINDLY ADVICE ME NEXT EXTENDED DATE OF REFUND.
Pankaj Bhagat
7 years ago
Sirf date badha rhe ho paysa kb tk mile ga ya mile ga he nhi
Raji Radha
7 years ago
sir please extend date lot of money i paid please help please
Jeeva Rose
7 years ago
Sir pls help me to recover extend the date in my state lot of daily wages are not known about this returning money.. now only they come to know this.. kindly extend the date plss sir lot of money we paid sirr
Raji Radha
Replied to Jeeva Rose comment 7 years ago
Yes sir me also paid lot of money plz help me sir please
sandeep kumar
7 years ago
Sir please extend the date please please pan card bnane me time lg gya
Muthusamy K
7 years ago
Sir, Please extend the time atleast 15 days
Muthusamy K
7 years ago
Sir, Please extend the time atleast 15 days.
Wilter Suphai
7 years ago
Sir, please extend the date upto 2 months, because most of our people in rural areas, they have not applied before, so they are applying now for Pancards almost one month, please understand our problems and needs thanks you.
Ajay Vishwakarma
7 years ago
Dear Sir,

I am busy in my closing so that I am not upload same mendetory required docs.
Iqbal Ahmad
7 years ago
Sir please pacl ka time aur bdha dijiye refund application ke liye kiyu ki kuch logo ke aadhar aur pan abhi nhe ban paye hai aur kuch loge saudi desho mai job kar rhe hai jo ki abhi ghar nhi aaye hai aur kuch case esse hai jo nabalig hai aur unke aadhar mai name aur date of birth rong hai ya aadhr mai kewal year hi mention hai jiske karan pan nhi bn paye aur adhar bhi nhi ban pa rhe hai aur iske liye ek lambi line bn jati hai aur number bhi nha aata hai aur roj roj line mai lagne se nokri jane ka bhi khatrabna rehta hai aadhar ke liye kafi chakkar lagane pdh rhe hai isliye aap se nevedan hai ki iski timing badha dijiye
Mahavir Patel
7 years ago
Paisa kab milega sahi sahi infromation batao kab tak wapas hoga
Devdatt Mahajan
7 years ago
how will the investors get the money? how will they trace these investors?
Juliet DeSouza
7 years ago
Wish something could be done about Lloyds Finance whose FD investors suffered great losses.
B. Yerram Raju
7 years ago
Good recovery.
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