Investor Education and Protection Fund created to hold unclaimed corporate monies and finance investor education and refunds. The provision creates the Investor Education and Protection Fund to receive specified unclaimed corporate monies, grants, donations and investment income, ... Summary
Investor Education and Protection Fund Authority (Appointment of Chairperson and Members holding of meetings and provision for offices and officers) Rules, 2016
Investor Education and Protection Fund Authority (Recruitment, Salary and other Terms and Conditions of Service of General Manager and Assistant Gener...
Investor Education and Protection Fund Authority (Recruitment, Salary and other Terms and Conditions of Service of Deputy General Manager, Private Sec...
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Investor Education and Protection Fund created to hold unclaimed corporate monies and finance investor education and refunds.
The provision creates the Investor Education and Protection Fund to receive specified unclaimed corporate monies, grants, donations and investment income, and permits use of the Fund for refunds of unclaimed corporate payments, investor education and protection, distribution of disgorged amounts, reimbursement of sanctioned class-action expenses and incidental purposes. Administration is vested in an authority appointed by the Central Government, which must maintain separate accounts, consult the Comptroller and Auditor General on account form, audit and forward annual accounts and reports for parliamentary laying, and expend Fund moneys to achieve its objects in accordance with prescribed rules.
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