A Parliamentary panel has suggested single window clearance system to resolve all investor grievances. The panel has suggested bringing the grievance redressal mechanism under the proposed Investor Education and Protection Fund, IEPF Authority. The suggestion comes against backdrop of rising instances of investors getting duped by fraudulent investment schemes and dubious companies.<br/><br/>The proposed IEPF Authority would be responsible for administration of investor education and protection funds, undertaking investor awareness, refund of unclaimed amounts, and reimbursement of legal expenses under class action suits. The Corporate Affairs Ministry is to set up the IEPF Authority under Companies Act, 2013.