Aid for legal proceedings: reimbursement-based funding for investors' associations with capped, certified, and discretionary payment controls. Aid for legal proceedings to Investors' Associations is provided only by way of reimbursement of expenses incurred, subject to monetary caps depending on forum, certification of original bills by the Association's Auditor, reimbursement capped at seventy five percent of actual expenses, payment by crossed cheque or demand draft, and the Board's endeavour to reimburse within fifteen days; the Board may discontinue aid for proceedings not serving investor protection after giving notice.
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.
Aid for legal proceedings: reimbursement-based funding for investors' associations with capped, certified, and discretionary payment controls.
Aid for legal proceedings to Investors' Associations is provided only by way of reimbursement of expenses incurred, subject to monetary caps depending on forum, certification of original bills by the Association's Auditor, reimbursement capped at seventy five percent of actual expenses, payment by crossed cheque or demand draft, and the Board's endeavour to reimburse within fifteen days; the Board may discontinue aid for proceedings not serving investor protection after giving notice.
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