Investor Protection Fund claims eligibility altered; exchanges may retain residual funds pending litigation and must amend bylaws. SEBI amends IPF/CPF guidelines: claims within three years from expiry of the specified period may be compensated from IPF/CPF if defaulter funds are inadequate and the Trust is satisfied the claimant could not earlier file; claims are ineligible where surplus funds were returned and may be borne by the exchange after scrutiny. Claims after three years may be civil disputes. Exchanges may retain residual amounts pending litigation and must amend bye laws, notify members, publish the changes, and report implementation.
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.
Investor Protection Fund claims eligibility altered; exchanges may retain residual funds pending litigation and must amend bylaws.
SEBI amends IPF/CPF guidelines: claims within three years from expiry of the specified period may be compensated from IPF/CPF if defaulter funds are inadequate and the Trust is satisfied the claimant could not earlier file; claims are ineligible where surplus funds were returned and may be borne by the exchange after scrutiny. Claims after three years may be civil disputes. Exchanges may retain residual amounts pending litigation and must amend bye laws, notify members, publish the changes, and report implementation.
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