bond, the said amount had been dealt with
in terms of section 205C of the Companies Act.
4. In this background, the present petition ... been preferred.
5. Section 205C of the Companies Act reads as follows:
"205C. Establishment of Investor Education and
Protection Fund.--
(1) The Central Government
unpaid dividend account of a company to
the fund established under Section 205C . The Investor
Education and protection Fund (IEPF) was established under
Section 2005C ... vires of Section 205A of the
Act. This writ petition was dismissed and the challenge to the
vires in Section 205A and 205C was repelled
transferred by the company to the Fund
established under sub-section (1) of section 205C .
(6) The company shall, when making any transfer
under ... receipt from
the authority or committee under sub-section (4)
of section 205C for any money transferred by it to
the Fund and such
period, identity the unclaimed amounts as referred to in sub-section (2) of section 205C of Act, separately furnish and upload on its own website ... learned counsel for the petitioners submitted that the provisions of Section 205C of Companies Act will not apply to Chit Fund Company and in support
described in Sub- clause (B) of clause (g) of Sub-section (1) of Section 274 , then the directors of that company shall stand disqualified immediately ... required under Section 205A of Companies Act, 1956 or paid into Investors Education & Protection Fund as required under Section 205C of that Act shall
deposited into the Investor Education And Protection
Fund, in terms of Section 205C of the Companies Act, 1956 and
Section 45QA of the Reserve Bank ... deposited into the Investor
Education And Protection Fund, in terms of
Section 205C of the Companies Act, 1956
and Section 45QA of the Reserve Bank
section
205A of the Act and all papers, statements,
registers and abstracts relating to the amounts
deposited in the fund established under section
205C ... reports to the Regional Directors and Company Law
Board including inspections under section 209A of
15
the Act, and the correspondence relating to
complaints:
Provided
certain points of law namely, as to whether the
provisions of Section 205C of the Companies Act,
1956 have any application to the case ... Banking Company as defined in
RNBC Directions of 1987. Further, whether
Section 205C of the Companies Act is necessarily
6
restricted in its application
provisions of
Section 45QA of the Reserve Bank of India Act, 1934, the provision contained in
Section 205C of the Companies Act was inconsistent therewith ... failure of the petitioners to comply with the provisions of Section
3
205C . The Registrar of Companies had directed the petitioners to the show‐cause
amount lying in the Investor Education
and Protection Fund under section 205C of
the Companies Act, 1956 (1 of 1956);
(f) the interest or other ... amounts referred to
in clauses (a) to (d) of sub-section (2) of section
205C transferred to Investor Education and
Protection Fund, after the expiry
