Central Scrutiny Centre (CSC); IEPFA Mobile App
Part of: GS Prelims and GS – III – Economy
- Central Scrutiny Centre (CSC) and Investor Education and Protection Fund Authority’s (IEPFA) Mobile App were launched recently.
- Ministry: Ministry for Corporate Affairs (MCA)
Important value additions
Central Scrutiny Centre (CSC)
- To ensure that the data quality is uncompromised and free from flaws, CSC was launched.
- CSC 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.
Investor Education and Protection Fund Authority’s (IEPFA) Mobile App
- Aim: Achieving the goal of financial literacy, spreading investors’ awareness, education, and protection among investors.
- It will have the facility of tracking the status and progress of the IEPF claim refund process.
- It also provides a mechanism for investors and common citizens to report on the suspected fraudulent schemes