Union Finance Minister launches Central Scrutiny Centre and IEPFA mobile App

Union Minister for Finance & Corporate Affairs, Nirmala Sitharaman virtually inaugurated Central Scrutiny Centre (CSC) and Investor Education and Protection Fund Authority’s (IEPFA) Mobile App. The two tech-enabled initiatives have been launched by the Ministry of Corporate Affairs to leverage digital solutions to achieve the Prime Minister’s vision of ‘Digitally empowered India.

The Mobile App will focus on financial literacy by spreading investors’ awareness, education, and protection among investors while the Central Scrutiny Centre will scrutinize certain Straight Through Process (STP) Forms filed by the corporates on the MCA21 registry and flag the companies for more in-depth scrutiny.