Lok Sabha Question No. 1180 (UNSTARRED), answered on 2025-12-08
Subject: IEPF and C-PACE
Ministry: CORPORATE AFFAIRS
Asked by: Shri Krishna Prasad Tenneti, Ms Kangna Ranaut, Shri Damodar Agrawal, Shri Jaswantsinh Sumanbhai Bhabhor, Shri Khagen Murmu, Smt. Shobhanaben Mahendrasinh Baraiya, Smt. Anita Nagarsingh Chouhan, Shri Vijay Kumar Dubey

## GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS

## LOK SABHA

## UNSTARRED QUESTION NO. 1180

ANSWERED ON MONDAY, DECEMBER 8, 2025/AGRAHAYANA 17, 1947 (SAKA)

## IEPF AND C-PACE

- +1180. SMT. SHOBHANABEN MAHENDRASINH BARAIYA:

SHRI JASWANTSINH SUMANBHAI BHABHOR:

SHRI VIJAY KUMAR DUBEY:

SHRI DAMODAR AGARWAL:

MS KANGNA RANAUT:

SMT. ANITA NAGARSINGH CHOUHAN:

SHRI KRISHNA PRASAD TENNETI:

SHRI KHAGEN MURMU:

Will the Minister of CORPORATE AFFAIRS be pleased to state:

- (a)  the steps taken by the Government to resolve cases arising due to companies not filing form IEPFA-1A in the prescribed format and lying pending along with the details of the penalties imposed;
- (b) the benefits accrued to the Investors of the Dahod Lok Sabha constituency from
- the disposal of pending cases related to the IEPF-1A forms;
- (c)  whether  the  Government  has  evaluated  the  performance  of  the  Centre  for Processing Accelerated Corporate Exit (C-PACE) especially in Dahod in Gujarat;

(d) if so, the details thereof;

- (e) the reasons for the Government  mandating  submission of geo-tagged photographs of the registered office for forms like MGT-7 and the manner in which it has enhanced transparency especially in Dahod in Gujarat;
- (f) the Government's action plan regarding faceless adjudication process;
- (g) the provisions made by the Government to ensure transparency and fairness in online corporate default cases;
- (h) the benefits accrued to the Investors of the Dahod Lok Sabha constituency from the disposal of pending cases related to IEPF-1A forms; and
- (i) the manner in which the faceless adjudication system is ensuring transparency
- in online default cases in the country especially in Dahod in Gujarat ?

## ANSWER

MINISTER OF STATE OF THE MINISTRY OF CORPORATE AFFAIRS AND MINISTRY OF ROAD TRANSPORT AND HIGHWAYS

(HARSH MALHOTRA)

(a):-  As  per  Rule  5  (4A)  of  Investor  Education  and  Protection  Fund  Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 companies are required to file

Form No. IEPF-1A along with excel template within sixty days of the notification (20/8/2019)  of  the  amended  rules.  To  resolve  cases  that  has  arisen  due  to companies not filing Form IEPF-1A in the prescribed format, the Investor Education and Protection Fund Authority (IEPFA) has issued a Public Notice on 31.07.2025 to all  defaulting  companies,  giving  a  compliance  window  until  30  August  2025,  to ensure submission of Form IEPF-1A in the prescribed format.   No penalty has been levied. (b)  &  (h):-  The  IEPF-1A forms are filed company-wise. Therefore, the disposal of such  cases  benefits  investors  of  the  respective  companies  across  the  country, including such investors of Dahod. (c)  &  (d):-  The  Ministry  has  established  the  Centre  for  Processing  Accelerated Corporate  Exit  (C-PACE)  to  facilitate  and  speed  up  the  voluntary  Strike  off  of companies  and  has  been  operationalized  from  01.05.2023.  A  total  of  22051 applications were approved in FY 2024-25 by C-PACE. One company was struck-off by Registrar of Companies (ROC), C-PACE during FY 2024-25 from Dahod, Gujarat. (e):-  As per the Companies (Management and Administration) Amendment Rules, 2025  dated  30.05.2025,  it  is  mandatory  to  attach  latest  photograph  of  the registered office of the Company showing external building with name & address prominently  visible.  This  is  aligned  with  the  requirements  specified  in  Section 12(3)(a)  and  Section  92(1)(a)  of  the  Companies  Act,  2013,  under  which  the particulars of registered office, which would mean precise location of such office, are required to be disclosed. The geo-tagging of the registered office would ensure that these forms capture the precise location of the registered office. These steps enhance  transparency  and  traceability  of  the  companies  across  the  country including those at Dahod, Gujrat. (f)  &  (g):-  The  Companies  (Adjudication  of  Penalties)  Rules,  2014  have  been amended  in  August,  2024  pursuant  to  which  it  has  been  provided  that  the adjudication proceedings under section 454 of the Companies Act, 2013 shall take place in electronic mode only through the e-adjudication platform developed by the Ministry for this purpose. e-Adjudication or faceless Adjudication module as part of MCA21  has  been  launched,  w.e.f.  16-09-2024.  This  is  aimed  at  ensuring  that adjudication  of  such  proceedings  take  place  in  a  faster,  transparent  and  userfriendly manner. (i) The faceless or e-Adjudication system provides for end-to-end digital process including online generation of notices, hearings, generation of adjudication orders and payments. This enhances transparency as well as enable speeder adjudication. These benefits are applicable to all related stakeholders including those located in

Dahod.

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