Manner of accounting for investor protection fund: prescribed accounting heads, grants separate, expenditures charged to Departmental functional head. Receipts for the Investor Education and Protection Fund must be accounted under Major Head 0075 and Minor Head 104 with specified sub heads for unpaid dividends, application money, matured deposits and debentures and corresponding interest heads; grants and donations are credited under a separate sub head. Expenditure is incurred under the Department of Company Affairs functional expenditure head with an equivalent deduct entry from the Fund, and any surplus shall not presently be invested.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Manner of accounting for investor protection fund: prescribed accounting heads, grants separate, expenditures charged to Departmental functional head.
Receipts for the Investor Education and Protection Fund must be accounted under Major Head 0075 and Minor Head 104 with specified sub heads for unpaid dividends, application money, matured deposits and debentures and corresponding interest heads; grants and donations are credited under a separate sub head. Expenditure is incurred under the Department of Company Affairs functional expenditure head with an equivalent deduct entry from the Fund, and any surplus shall not presently be invested.
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