Comment on the following: Investor education and protection fund (IEPF) is set-up only for educating investors.

The Statement is false. Investor Education and Protection Fund (IEPF) has been established under Section 205C of the Companies Act, 1956 for promotion of investors' awareness and promotions of the interest of investors. The Investor Education and Protection Fund (Awareness and Protection of Investors) Rules, 2001 stipulates the following activities related to investor education, awareness and protection for which the financial sanction can be provided under IEPF: Education programme through Media Organizing Seminars and Symposia Proposals for registration of Voluntary Associations or Institution or other organizations engaged in Investor Education and Protection activities Proposals for projects for Investors' Education and Protection including research activities and proposals for financing such projects Coordinating with institutions engaged in Investor Education, awareness and protection activities.